AlphaSense Acquires Tegus and Secures $650 Million Funding, Valuation Reaches $4 Billion

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AlphaSense, the leading market intelligence and search platform, has announced the successful acquisition of Tegus, a renowned provider of expert research, private company content, financial data, and workflow tools. Concurrently, AlphaSense closed a significant $650 million funding round, elevating its valuation to $4 billion.

Key Points:

Acquisition Announcement:
- AlphaSense acquires Tegus, enhancing its market intelligence and research platform.
- The acquisition was initially announced on June 11, 2024.
Funding Details:
- AlphaSense secured a $650 million funding round.
- Co-led by Viking Global Investors and BDT & MSD Partners.
- New investors include J.P. Morgan Growth Equity Partners, SoftBank Vision Fund 2, Blue Owl Capital, and Alkeon Capital.
- Existing investors like Alphabet’s CapitalG and Goldman Sachs Alternatives also participated.
- New valuation of AlphaSense is $4 billion.
Strategic Integration:
- The merger aims to accelerate growth, innovation, and content expansion.
- Combines AlphaSense’s market intelligence with Tegus’s expert research and financial data.
- AlphaSense will incorporate Tegus employees across offices in Chicago, Vancouver, and Waterford, Ireland.
- Focus on scaling Tegus’s expert transcript library and enhancing financial data and workflow tools.
About AlphaSense:
- Trusted by over 4,000 enterprise customers, including a majority of the S&P 500.
- Provides insights from a diverse range of content, including equity research, company filings, event transcripts, expert calls, news, trade journals, and clients’ own research.
- Utilizes AI to deliver reliable market intelligence, reducing uncertainty in decision-making.

The acquisition of Tegus by AlphaSense, coupled with a substantial funding round, marks a pivotal moment for the market intelligence and research platform. This strategic move enhances AlphaSense’s capabilities, positioning it to deliver even more comprehensive insights and support to its expansive client base.