AlphaSense, a leading market intelligence and search platform headquartered in New York, has announced its agreement to acquire Tegus, a prominent provider of expert research and financial data tools, for $930 million. This acquisition aims to integrate Tegus’ extensive private company data with AlphaSense’s platform, enhancing the ability of business and financial professionals to make informed decisions through AI-driven insights. The deal includes a funding round where AlphaSense raised $650 million, co-led by Viking Global Investors and BDT & MSD Partners. This capital injection has increased AlphaSense’s valuation to $4 billion. The acquisition bolsters AlphaSense’s content offerings, augmenting its AI and search capabilities, and positions the company as a more dominant player in market intelligence. The transaction is expected to close in Q3 2024, with Goldman Sachs and Evercore acting as financial advisors for AlphaSense and Tegus, respectively.

Market Intelligence, Financial Services, Artificial Intelligence,United States, Global