ALPHASENSE REACHES MILESTONE OF 500 INSTITUTIONAL CLIENTS
Record year of client base growth coincides with major expansion of content coverage and product capabilities, and multiple industry acknowledgements for the popular AlphaSense search platform
December 12, 2016 – San Francisco, Calif. – AlphaSense, provider of the revolutionary AlphaSense search engine for knowledge professionals, grew its client base to more than 500 institutional clients, adding a record number of over 200 clients in the past year. Early in the year, the company raised $33 million in capital to accelerate its growth across the market, its investment in expanded repositories of searchable data and rich product functionality. The company’s achievements were recognized through winning numerous awards and rankings throughout the year.
“We’re excited and proud of the progress we made in 2016, helping a record number of new clients and users to focus on higher level analysis rather than digging for information,” said Jack Kokko, Founder and Chief Executive Officer of AlphaSense. “Knowledge professionals have long experienced painful and inefficient processes associated with searching for information before being able to act. The widespread adoption of AlphaSense will enable many more professionals in the market to take quick action and deliver results, rather than spending inordinate amounts of time to find information.”
The content library of AlphaSense expanded significantly in 2016, driven by new Chief Content Officer Robert Magri, and AlphaSense added extensively to its feature set, hiring search technology veteran Kevin Broom as EVP of Product Development to help drive key updates across all areas of the platform.
Awards and rankings for AlphaSense in 2016 included:
- Inclusion on Forbes’ Fintech 50 list for the second year in a row
- Winner of Best Mobile Product in the Hedge Fund Manager (HFM) U.S. Technology Awards for the second year in a row; and
- Winner for the third straight year of Best Big Data Analytics & Technology Provider Award in Inside Market Data Awards (Buy-Side Technology and Sell-Side Technology)
Kokko continued: “Looking into 2017, we will continue to build on this year’s momentum. We have a great team in place and the supporting capital to pursue our vision of becoming the search engine and research platform of choice for knowledge professionals worldwide. Our success in expanding our client base illustrates the broad-based demand for the solution that AlphaSense offers, and we’re better positioned than ever to fill the need in the marketplace for a powerful search engine dedicated to helping knowledge professionals act with speed and confidence.”
The company offers the ability to quickly find any data point across a vast database of content, including millions of research reports, company filings, call transcripts, real-time news and press releases, along with securely searching clients’ in-house content. AlphaSense users can research companies or themes and collaborate on research findings with colleagues. The platform is in use worldwide by financial analysts, investor relations officers and corporate intelligence professionals, and has a proven track record of meeting client needs.
For more information, visit www.alpha-sense.com or call 18.104.22.16899 or +44 (0)20 7038 8438.
About AlphaSense, Inc.
AlphaSense provides a revolutionary search engine and research platform for knowledge professionals. Our mission is to curate and semantically index the world’s investment and market research content, including the vast high-value content sets that traditional web search engines cannot reach to allow our users to rapidly search and discover key data points, track impactful new information with intelligent alerts and organize, tag and share findings with colleagues. Our clients include many of the world’s largest investment and advisory firms, global banks, law firms and corporations. The AlphaSense subscription service helps our clients become dramatically more productive, and gain an information edge by discovering critical data points and trends that others miss.