The $930m acquisition will provide customers with a comprehensive combined public and private content offering, further cementing AlphaSense’s leadership in market intelligence

Market Data Firm AlphaSense Valued at $4 Billion in Fundraise – Bloomberg
AI research firm AlphaSense confirms its buy of rival Tegus—only months after filing patent lawsuit – Fortune

AlphaSense, the leading market intelligence and search platform, today announced an agreement to acquire Tegus, a leading provider of expert research, unique private company content, and financial data and workflow tools. This transaction will bring Tegus’ breadth of private company data to AlphaSense’s platform, further delivering on the companies’ shared mission to empower business and financial professionals to make smarter decisions through AI-driven market intelligence. As part of this deal, AlphaSense has raised $650 million in funding, co-led by Viking Global Investors and BDT & MSD Partners, and joined by new investors, J.P. Morgan Growth Equity Partners, SoftBank Vision Fund 2, Blue Owl, Alkeon Capital, as well as existing investors Alphabet’s CapitalG and Goldman Sachs Alternatives. This raise brings AlphaSense’s valuation to $4 billion.

Today, Tegus has an extensive and fast-growing library of high-quality expert research, which includes coverage of 35,000+ public and private companies across TMT, consumer goods, energy and life sciences sectors. Additionally, Tegus’ financial data offering, which includes financials, KPIs, and fully drivable models on more than 4,000 public companies, as well as its BamSEC self-serve solution to search and access securities filings, adds new and unique offerings to AlphaSense’s extensive product suite and datasets. Users will benefit from the addition of this content with AlphaSense’s market-leading AI and search capabilities, enabling its combined user base to continue easily extracting proprietary insights.

Michael Elnick, Co-Founder and Co-CEO at Tegus, said, “This is a significant moment for Tegus. For nearly a decade we’ve worked to transform how companies and investors conduct research. By joining forces with AlphaSense, we’re going to empower clients in new and more powerful ways. AlphaSense and Tegus are like-minded companies, with a shared vision, and I couldn’t be more excited to continue pursuing our mission of modernizing research for businesses, together.”

For over a decade, AlphaSense has been transforming the research process with the latest innovations in AI technology, while also building its vast collection of top-tier, trustworthy business content. Together, AlphaSense and Tegus will accelerate growth, innovation, and content expansion, bringing their complementary product and content capabilities together to enable users to unearth even more comprehensive insights from thousands of content sets.

This agreement follows a series of recent company milestones for AlphaSense, including being named to the 2024 CNBC Disruptor 50 listexceeding $200 million in ARR and doubling revenue in less than two years, the opening of a new Singapore hub to fuel expansion in the APAC region, a $100 million Series D investment led by Alphabet’s CapitalG, and the close of a $150 million Series E funding round led by BOND.

The transaction is expected to close in the third quarter of 2024. Goldman Sachs & Co. LLC is acting as AlphaSense’s financial advisor, and DLA Piper LLP and Paul, Weiss, Rifkind, Wharton & Garrison LLP are acting as AlphaSense’s legal advisors. Evercore is acting as Tegus’ lead financial advisor and Latham Watkins is acting as Tegus’ legal advisor. Morgan Stanley also acted as financial advisor to Tegus.

About AlphaSense
The world’s most sophisticated companies rely on AlphaSense to remove uncertainty from decision-making. With market intelligence and search built on proven AI, AlphaSense delivers insights that matter from content you can trust. Our universe of public and private content includes equity research, company filings, event transcripts, expert calls, news, trade journals, and clients’ own research content. Our platform is trusted by over 4,000 enterprise customers, including a majority of the S&P 500.

Founded in 2011, AlphaSense is headquartered in New York City with over 1,300 people across the globe and offices in the U.S., U.K., Finland, India, and Singapore. For more information, please visit

About Tegus
Tegus is an end-to-end research platform that seamlessly combines expert insights, company filings and comprehensive KPIs and financial data, empowering investors to find critical insights quickly, easily create comparables and update models, and develop powerful perspectives to inform their investment decisions. Tegus’ proprietary content set now includes more than 100,000 expert call transcripts, financial coverage of more than 4,000 public companies and industry comps and analysis on more than 50 sectors. Tegus acquired BamSEC and then Canalyst, bringing two beloved investment research tools into the Tegus platform to combine powerful quantitative and qualitative data together in a single suite.

Founded in 2016, Tegus is headquartered in Chicago, Illinois and employs more than 550 team members across the globe, including in its offices in Vancouver, B.C. and Waterford, Ireland. For more information, please visit

Media Contact

“This transaction marks a pivotal moment for AlphaSense in our mission to help businesses and investors make better decisions with confidence and speed,” said Jack Kokko, CEO and Founder at AlphaSense. “I am thrilled to join forces with the Tegus team as a significant leap forward in furthering our mission, adding top-quality content on public and private companies, and enhancing our ability to deliver even more comprehensive insights to our customers around the world.”