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AlphaSense vs. PitchBook

AlphaSense is the industry leader in market intelligence and qualitative research for corporations and financial services. Since its inception over a decade ago, AlphaSense has been at the forefront of comprehensive market research solutions, helping professionals make better business decisions.

Today, AlphaSense leverages the power of artificial intelligence (AI) and natural language processing (NLP) to provide analysts and researchers with clear insight into companies, industries, and markets.

Trusted by the world's leading corporations

80%

of the top consultancies

75%

of the top asset management firms

largest pharmaceutical companies

85%

of the S&P 100

FAQs

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:

Stream expert transcript library – 30,000+ 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

AlphaSense vs. Bloomberg

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.

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AlphaSense clients include respected leaders in every sector:

Frequently Asked Questions

Why do users choose AlphaSense over PitchBook?

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.

How do financial services firms use AlphaSense?

Financial services firms use AlphaSense to make investment decisions with speed, accuracy, and confidence.

With access to exclusive content sources (such as broker research and an expert call transcript library), AlphaSense users have an insider perspective on competitors and market trends—meaning they stay ahead of the pack when it comes to smart investment strategies.

High-value investment research applications include:

Asset Management – Pinpoint critical company metrics by analyzing earnings reports.
Alpha Generation – Find and capitalize on opportunities faster with AI.
Equity Research – Accelerate due diligence with Smart Search and trend analysis.
Venture Capital Auditing – Aggregate financial metrics across public and private competitors to validate target companies.
Sell-side Research – Accelerate earnings and company analysis by recognizing sentiment shifts and important market events earlier.

How do corporate development and/or competitive strategy teams use AlphaSense?

Wall Street research, once considered exclusive to the financial services industry, is now used by corporations to plan and execute smart market intelligence strategies that give them an edge over competitors.

Corporations can maximize revenue potential through:

Strategic Planning – Identify growth opportunities with insight from top analysts.
Competitive Intelligence – Maintain a clear understanding of the competitive landscape and monitor specific competitor performance as needed.
Trend Tracking – Stay ahead of emerging trends to capitalize on revenue opportunities.
Market Monitoring – Confidently navigate market shifts by being the first to know of important news and updates.

How do IR teams use AlphaSense?

Earnings season has always been demanding, and advancements in technology have only leveled up the expectations for speed, accuracy, and real-time insight. IR teams use AlphaSense to keep pace with industry demands, all while delivering exceptional reports to stakeholders and executives.

With tools like sentiment analysis, Snippet Explorer (instantly showing the quarter-over-quarter history of keywords and KPIs), and Topic Modules (summarizing key trends from earnings at the company and industry level), earnings analysis becomes faster, more accurate, and more streamlined than ever before.

AlphaSense helps IR teams to:

Maintain Continuity – Easily access and scan previous earnings call transcripts and other company documents to maintain consistent narratives quarter over quarter.
Monitor Sentiment Shifts – Recognize significant sentiment changes when they occur and frame them in the most effective way to stakeholders.
Track Trends – Monitor market trends and understand how they impact your business.
Prepare for Presentations and Earnings Calls – Never miss an important insight and be prepared for every potential stakeholder question.

“The time saved by using AlphaSense is enormous. It easily saves us several hours a week. Requested information can be prepared in a timely, precise and efficient manner. For our daily work, this is essential.”

— Michael Otto, Director of Investor Relations and Sustainability

How do consultants use AlphaSense?

Consultants use AlphaSense to access the insights they need to deliver smart strategic services and win more business. Using the AlphaSense platform, consultants across industries can:

Achieve stronger proposal alignment – Get smart on a company’s strategy and performance faster with access to broker research, expert call transcripts, earnings transcripts, and more.
Deliver higher-quality market research – Easily analyze 10 years worth of earnings transcripts and get the full picture faster with advanced AI capabilities.
Build deeper client relationships – Act as a confident thought leader with insights easily surfaced for you.
Discover the next great M&A opportunity – Get smart on companies and the market landscape quickly, so you can deliver the very best recommendations to your clients.

How much does PitchBook cost?

An annual PitchBook license costs $25,000 for three users and $7,000 per user for additional seats. PitchBook is one of the pricier options in the market, although it comes loaded with plenty of useful features for financial professionals.

How much does AlphaSense cost?

As an AlphaSense user, you can access more information, smarter features, and an extensive content library at a more reasonable price. With Alphasense, you’ll either pay by the enterprise or per seat. Contact us for more information on pricing options.

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Experience the AlphaSense Difference

Whether you are conducting financial research or building a market and competitive landscape, you want to be confident that you are detecting and discovering your research blindspots to ensure nothing slips through the cracks.

That’s why it’s crucial to select a market intelligence and search platform powered by proprietary AI technology that intuitively understands your needs and precisely surfaces the results you need to maximize ROI.

If you’re ready to level up your research and intelligence strategies, the AlphaSense team is here to help you get started.

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