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AlphaSense vs. PitchBook: Key Differences
PitchBook is one of AlphaSense’s top competitors. Here’s how the two compare and why you might want to choose one over the other:
AlphaSense
AlphaSense is a leading all-in-one market intelligence platform. It’s the ideal tool for research and business professionals— from analysts and financial researchers to corporate professionals—looking to implement a qualitative research strategy powered by automated features and proprietary AI technology.
Financial professionals use AlphaSense to access 10,000+ premium sources of information, including trade journals, SEC filings, and company filings.
Moreover, AlphaSense provides access to broker research and an expert call library that facilitate deeper insight into companies and markets. These extra resources are accessible through two AlphaSense content sets:
- AlphaSense Expert Insights – 35,000+ transcripts of one-on-one calls with industry experts, customers, professionals, competitors, and former and current executives, available as an add-on to the AlphaSense package
- Wall Street Insights®– A leading collection of broker research covering global sector themes, industries, and companies from 1,000+ sell-side and independent firms, available within the AlphaSense platform
AlphaSense uses smart search capabilities to ensure platform users find everything they need for their research, using unique features like:
Sentiment Analysis
Using NLP, sentiment analysis technology identifies the tone and subjective meaning of text, and then uses color coding to help readers identify the positive, neutral, and negative sentiments of that document.
Moreover, each search term also receives a numerical sentiment change score and helps users keep track of changing market sentiments across any given period. This leads to better-informed investment decisions and improved risk management.
Smart Synonyms™
AlphaSense is the only platform that offers Smart Synonyms™ technology—an AI-supported capability that recognizes both the keywords and intent behind your search queries.
AlphaSense algorithms screen out unnecessary noise (i.e. content that may be a keyword match but isn’t relevant to your research) and find the content that may use alternative search terms (for example, “impact investing” vs. “ESG investing”) but contains the insights you need. AI search functionality allows you to easily find the exact documents and snippets that are most relevant to your search, giving users back time and energy to spend on more high-level tasks, like analysis.
Smart Summaries
Unlike other generative AI (genAI) tools that are focused on consumer users and trained on publicly available content across the web, AlphaSense takes an entirely different approach. As a platform purpose-built to drive the world’s biggest business and financial decisions, our newest Smart Summaries™ feature leverages our 10+ years of AI tech development and draws from a curated collection of high-quality business content.
With Smart Summaries™, you can glean instant earnings insights—reducing time spent on research during earnings season, quickly capture company outlook, and generate an expert-approved SWOT analysis straight from former competitors, partners, and employees.
Automated Monitoring
Instead of wasting hours manually monitoring, AlphaSense offers real-time alerts to keep users updated with trending topics, companies, and industries of interest. Alphasense provides the users with snapshots of multiple companies regularly, keeping them in touch with the most critical news, insights, and market changes they need to know.
Exceptional User Experience
AlphaSense is built to fit into a user’s processes and workflow seamlessly. AlphaSense uses an intuitive user-friendly interface to display data and information. It allows professionals to export crucial data to their mobile devices or PCs.
Integrations and APIs
AlphaSense provides integration with commonly used programs like OneNote, Sharepoint, and Evernote. Integrations are key in improving your team’s workflow. With the power of AI, AlphaSense allows you to catch what others miss in a secure and automated way. With integrations, you can search across all internal and external content to find key insights, as well as collaborate with team members to share those insights and amplify team productivity.
Related Reading: AlphaSense vs. Tegus
PitchBook
PitchBook is a powerful investment research and intelligence platform for venture capitalists, M&A investors, hedge funds, and private equity holders. It has access to valuations, financial histories, investors, and executives on over 3.5 million private and public companies worldwide. It also keeps expanding factsets and meticulous records of over 1.9 million deals with over 450,000 investors and 110,000 funds.
PitchBook also gives you access to information like:
- Company patents
- Financial analysis
- Non-financial metrics like employee counts and social media following
- Company leadership teams and management
- Deal history, including deal sizes and pre-and post-money valuations
- Former and current company investors
- Financial data charting and infographics
- Networking through executives’ LinkedIn profiles, contact and messaging details
You'll find PitchBook useful if you’re looking for private market intelligence, venture capital, deal sourcing, or performing due diligence. Moreover, you can use its platform for fundraising, networking, benchmarking companies, and asset allocation across your portfolio.
Some of its features include:
Advanced Search Filters
Using PitchBook’s advanced search tools, users can find deep insights on companies, deals, investors, debts, and lenders. Users can search industries by name, location, age, investors, lenders, and funding stage.
Emerging Spaces
PitchBook uses the Emerging Spaces feature to introduce investors and financial experts to new and emerging spaces. That helps investors learn about trending markets and explore alternative investment opportunities.
High-Quality User Interface
Much like AlphaSense, PitchBook has an intuitive user interface that allows professional and industry experts to integrate the tool into their workflows. It’s easy to navigate, search, and explore different companies and their detailed profiles from the PitchBook Interface.
Moreover, users can also access PitchBook from their PCs or smartphones, allowing them to carry and access insights on the go.
Integrations and APIs
PitchBook supports integrations and APIs that allow you to import and export data to other applications. Also, they offer a Google Chrome extension that enables you to access their services directly from your browser.
| Feature | AlphaSense | Pitchbook |
|---|---|---|
| Advanced AI search including Smart Synonyms, sentiment analysis, and more | ✓ | ✕ |
| Access to expert call library | ✓ | ✕ |
| Seamless user interface, with cloud functionality and intuitive UX design | ✓ | ✓ |
| Ability to upload your own internal content | ✓ | ✓ |
| Integrations | ✓ | ✓ |
| Ability to search by industry and by region | ✓ | ✓ |
| Ability to find data and KPIs within structured and unstructured formats | ✓ | ✓ |
| Ability to search by topic or theme | ✓ | ✓ |
| Capacity to search through varied content sources across companies, industries, and topics | ✓ | ✓ |
| Ability to add annotations, comments and share | ✓ | ✓ |
| Ability to set up monitoring tools (like alerts, and dashboards) | ✓ | ✓ |
| Emerging Spaces | ✕ | ✓ |
AlphaSense clients include respected leaders in every sector:
Frequently Asked Questions
The AlphaSense extensive content universe provides access to the Four Key Perspectives you need to make fully-informed business decisions and get the full scope of the market and your research.
The Four Perspectives AlphaSense utilizes are:
- Company– documents published by public and private companies, including company filings, presentations, earnings transcripts, ESG reports
- Analyst– research published by top Wall Street analysts on a national and global level
- Journalist– content published in news and trade journals, as well as publications by government agencies and NGOs
- Expert– on-demand interviews with customers, partners, competitors, former employees, and industry experts
PitchBook holds a large amount of private company data that is particularly valuable for VC, PE, and M&A needs, as well as non-financial data such as employee counts, but they simply do not have enough data sets to truly tap into these four key voices that are integral for holistic research.
When stacked up against the Four Perspectives, here is where PitchBook lacks:
- Company- PitchBook holds limited earning transcripts, no SEC or global filings, and their ESG reports are created in-house.
- Analyst- PitchBook only offers Morningstar Institutional Equity Research in their standard offering.
- Journalist - PitchBook does not hold any trade journals, which severely limits this perspective.
- Expert- PitchBook does not have an expert transcript library in its content offering.
For those users who are looking for an end-to-end research process—one that allows them to quickly get smart on an area of interest and understand it from every angle—PitchBook falls short.
Additionally, while PitchBook has a robust keyword search and filtering functionality that allows users to create screeners for private companies and pinpoint specific private companies of interest, they do not have AlphaSense’s AI-based synonym recognition technology nor sentiment analysis, which streamline workflows and prevent research blindspots. Instead, their search functionality allows for basic NLP.
For users who need a 360 degree view of the market and their industries of interest, AlphaSense is the clear choice.
