Raj Neervannan co founded AlphaSense raises $100 mn, bullish on India
Darpan News Desk IANS, 12 Apr, 2023 05:20 PM
New Delhi, April 12 (IANS) Market intelligence and search platform AlphaSense, co-founded by Indian-origin Raj Neervannan, on Wednesday said it has raised $100 million in addition to its $225 million Series D financing round at a $1.8 billion valuation through new investments led by CapitalG, Alphabet's independent growth fund.
Existing investors, including the Growth Equity business within Goldman Sachs Asset Management (Goldman Sachs) and Viking Global Investors, also participated in the round.
This investment, said the company, will fuel the continued deployment of AlphaSense's advanced AI capabilities, including generative AI that dramatically speeds up the research process for business and financial professionals.
"This investment will enable us to continue our mission of pushing the boundaries of technology and accelerating our research and development efforts in India, a valuable innovation hub," said Neervannan, Alphasense's CTO and Co-founder.
Neervannan has an MBA in finance from The Wharton School in the US, and a BE in computer science from Birla Institute of Technology and Science, Pilani.
Headquartered in New York City, AlphaSense employs over 1,000 people across offices in the US, the UK, Finland, Germany, and India.
"With the support of CapitalG and our existing investors, we are committed to further enhancing our product offerings and driving value for our global customers. This wouldn't be possible without the talent and innovation of our India employees, and I am excited to see this growth continue," he added.
AlphaSense has spent a decade building and refining its AI tech stack and amassing data to continuously train its language models, while also building its vast collection of top-tier, trustworthy business content.
"The AlphaSense platform is really powerful in how it leverages AI to transform and streamline the work of business and finance professionals globally, including investors like ourselves, as well as many happy users at companies like Google, Bank of America, and Merck," said James Luo, Partner at CapitalG.
AlphaSense enables leading corporations and financial institutions to uncover valuable insights they can't find anywhere else and make smarter decisions with confidence and speed.
"With the big leaps we are taking with AI to deliver even more precise data and insights to our customers, I am more excited than ever by our product roadmap and business momentum," said Jack Kokko, CEO and Founder of AlphaSense.
AlphaSense acquired Stream, the world's broadest library of expert interview transcripts, in 2021 and Sentieo, a financial intelligence platform, in 2022.
Hashim Aziz was driving at over three times the speed limit to "impress his cousins" when his Audi A3 crashed into Baljinder Kaur Moore's Vauxhall Corsa in West Midlands, in November last year, the Mirror reported. Baljinder, 32, was on her way to pick up her husband from his brother's home, and she was driving at 62 mph.
From January 1, 2011 to December 31, 2016, Pandya knowingly submitted false claims to federal healthcare programmes for medically unnecessary cataract extraction surgeries and YAG laser capsulotomies, according to a Justice Department release.
Stakeholders say they expect the summit to produce an agreement that will allow Canada's Nexus enrolment centres to reopen, with interviews with U.S. border agents taking place at Canadian airport facilities that already provide preclearance services for travellers heading stateside.
A man is in custody due to possible links with at least one shooting at the homes or offices of Democratic officials in Albuquerque, the largest city in the US state of New Mexico. The unidentified suspect, who is said to be under 50, has not been formally charged in any of the cases.
Narkkeeran Arasan, 45, who pleaded guilty to one count of trafficking controlled drugs, admitted during the probe that he was facing financial stress and wanted to sell cannabis to get fast cash, The Straits Times reported. The Central Narcotics Bureau acted on information received and arrested Narkkeeran in Woodlands while he was a passenger in a Grab car on April 12, 2021.
Srinivasa Raju, 51, of Haskell, New Jersey, pleaded guilty by videoconference before US District Judge Michael A. Shipp to information charging him with conspiring to violate the federal anti-kickback statute. According to court documents, Raju had various responsibilities at the Morris County pharmacy, including coordinating prescription deliveries and soliciting business.
