NY-based AlphaSense nearly doubles valuation to $1.7 bln after $225 mn fundraise AlphaSense, the market intelligence and search platform, raised $225 million in its Series D round led by the Growth Equity business within Goldman Sachs Asset Management (Goldman Sachs) and Viking Global Investors, it announced in a statement on Thursday. After this round, the New York-based company is valued at $1.7 billion, nearly double the valuation from its $180 million Series C funding in September 2021, also led by the same two venture capital (VC) firms. This round also includes a “substantial” debt investment from BlackRock. The fresh capital will be further invested for product development and content expansion and other operations. The company also plans to grow its offices globally, including innovation hubs in Pune, Mumbai and Delhi. Further, its annual recurring revenue (ARR) now exceeds $100 million. AlphaSense’s user and customer base both of which grew by over 100% in the past year, the statement claimed. “We are excited to upsize our investment in AlphaSense,” said Holger Staude, a managing director within the Growth Equity business at Goldman Sachs. “Achieving high organic growth and strong business fundamentals while exceeding $100 million in ARR is a substantial accomplishment and demonstrates the team’s focus on building an enduring business in a large market.” Raj Neervannan, chief technology officer and co-founder, AlphaSense, said, “With this financing round, we also plan to expand our innovation hubs in Pune, Mumbai and Delhi.