Waters Rankings 2017: Best Artificial Intelligence (AI) Technology Provider—AlphaSense
AlphaSense has been working toward broadening its product base after a $33 million round of funding.
AlphaSense offers a financial search engine that helps analysts and portfolio managers to find information that’s buried in dense text documents, from Securities and Exchange Commission (SEC) filings (including footnotes) to broker research reports, pieces of news and conference transcripts.
One of the key aspects of AlphaSense’s offering—which the San Francisco-based firm describes as “the Google for company research”—is its ability to take a sea of data and narrow it down to specifically what users are looking for, and also alert them to key words that they might not have considered. The vendor has its own financial-world-specific dictionary and thesaurus to help direct portfolio managers and traders toward information that they might have otherwise missed. One portfolio manager told Waters that the platform has cut his search times down on an individual company from four or five hours to 30 or 45 minutes. According to the vendor, two-thirds of the top 50 largest equity-focused hedge funds in the world use AlphaSense’s platform.
In March this year, AlphaSense announced that it had raised $33 million in funding, which includes new investors in the form of Tribeca Venture Partners, Triangle Peak Partners and Quantum Strategic Partners, as well as individual investors, including former Thomson Reuters chief executive Tom Glocer, who had previously acted as an advisor to the vendor prior to his investing.
In the wake of its fundraising, AlphaSense made a number of key hires. First, to expand its content library, it added Bob Magri as the firm’s chief content officer. It also hired Kevin Broom to serve as executive vice president of product development in order to drive updates across the platform. “We’ve also made significant increases to our sales team to build into new verticals, including corporate intelligence,” notes a spokesperson. Using the funding, AlphaSense will continue to look to build out its platform, including the additions of new languages.
Earlier this year, AlphaSense won the best analytics product at the Sell-Side Technology Awards, and took home the same award in 2015 at the Buy-Side Technology Awards.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Awards & Rankings
Witad Awards 2024: EDM professional of the year—Neslihan Yegul, S&P Global Market Intelligence
Neslihan Yegul, vice president, head of EDM and thinkFolio at S&P Global Market Intelligence, wins EDM professional of the year in the 2024 Women in Technology and Data Awards.
Witad Awards 2024: Technology innovator of the year (end-user)—Laura Hamilton, Bank of America
Laura Hamilton, global head of corporate treasury, credit risk, climate risk, and financial forecasting technology at Bank of America, wins technology innovator of the year (end-user) in the 2024 Women in Technology and Data Awards.
Witad Awards 2024: Vendor professional of the year (data and operations)—Joanna Davies, OSTTRA
Joanna Davies, head of trade processing at OSTTRA, wins vendor professional of the year (data and operations) in the 2024 Women in Technology and Data Awards.
Sell-Side Technology Awards 2024: Best sell-side front-office platform—Bloomberg
Product: Bloomberg TOMS
Most read
- Chris Edmonds takes the reins at ICE Fixed Income and Data Services
- Deutsche Börse democratizes data with Marketplace offering
- Sell-Side Technology Awards 2024: Best implementation at a sell-side firm—FlexTrade Systems