AlphaSense, the artificial-intelligence platform that lets financial professionals search and analyze vast amounts of financial documents and data sources, on Wednesday said it had completed a $350 million funding round that values the company at $7.5 billion. The round was led by private-equity firm Vitruvian Partners and included the venture arm of consulting firm Accenture, JPMorgan’s asset-management unit, Goldman Sachs Alternatives, and D.E. Shaw Ventures. The new valuation puts AlphaSense at nearly twice the $4 billion price tag it carried in its previous fundraising in 2024.
AlphaSense was founded in 2011 by Chief Executive Jack Kokko, a former Wall Street analyst, and Raj Neervannan, who serves as chief technology officer. Kokko told The Wall Street Journal that the company’s annual recurring revenue topped $600 million in the first three months of 2026, climbing from $500 million in the fall of 2025. He described the growth as driven by demand for AI tools that automate research and analysis tasks that have traditionally been performed manually by junior staff at banks and investment firms.
Accenture and AlphaSense also plan to collaborate, making AlphaSense’s research capabilities available to Accenture’s corporate clients, the companies said.
On the prospect of taking AlphaSense public, Kokko said an IPO remains a possibility but he has not committed to a specific timeline. The company recently hired a new chief financial officer, Samantha Greenberg, a move that often precedes a public offering.
The funding round is the latest sign of intense investor interest in AI software for the financial-services sector, where banks, hedge funds, and asset managers are racing to deploy automation tools for tasks such as earnings-call analysis, regulatory filing review, and company screening. The Wall Street Journal reported that the push has fueled anxieties about job security, particularly among younger workers who perform more routine analytical work, though many in the industry have noted that the technology could also create new roles and opportunities.