Today, we are thrilled to announce research from CFRA, one of the world’s largest providers of independent investment research, will now be available on the AlphaSense platform through Wall Street Insights® (WSI), our exclusive aftermarket research collection.
WSI allows companies across all industry verticals to tap into the deep expertise of premier equity research from all of Wall Street’s top analyst teams—including Goldman Sachs, J.P. Morgan, Citigroup, Morgan Stanley, Bernstein, Bank of America, Barclays, UBS, Credit Suisse, and now CFRA. WSI is a key feature of our platform, which applies AI search technology to an extensive universe of public and private content, enabling business professionals to uncover valuable insights and make smarter decisions with confidence and speed.
Our users will now benefit from CFRA’s team of over 90 analysts authoring in-depth qualitative fundamental research on 1,600+ companies with a unique proprietary forensic accounting methodology, quantitative analysis scores on over 25,000 listed companies and 68 industries surveys. CFRA’s distinct insights also include technical analysis, thematic, and political research.
“At CFRA, we’re thrilled to be partnering with AlphaSense. As two of the most exciting and fastest-growing firms in our respective spaces, we believe that our partnership will lead to significant value-add for our mutual customers, by putting our best-in-class equity research at their fingertips,” said Toby Maybury, Director of Product Management and Strategic Alliances at CFRA.
We recently closed a $180 million Series C fundraise in September 2021, and our growth has been driven by strong adoption in the corporate market, alongside continued penetration across financial services. Our customer base now includes the majority of S&P 500 companies, over 75% of the S&P 100, 70% of the top asset management firms, 76% of the top consultancies, all of the largest 20 pharmaceutical companies, and leading companies in wide-ranging industries such as energy, industrials, consumer goods, and technology. In addition to growth across industries, user adoption per customer has increased nearly 20x, with the platform appealing to knowledge workers across a wide range of roles including strategy, competitive intelligence, investor relations, corporate development, and financial analysis, in addition to investment analysts and portfolio managers.
“We are thrilled with the addition of CFRA to our rapidly expanding Wall Street Insights offering,” said Jack Kokko, CEO of AlphaSense. “This will be a significant enhancement for our customers, considering CFRA’s unparalleled depth of both qualitative and quantitative research and expertise especially in forensic accounting.”