AlphaSense raised $180 million in a Series C round led by Goldman Sachs and Viking Global.

AlphaSense, a Helsinki, Finland and San Francisco, USA-based company providing software services for the financial industry, announced the completion of a $180 million series C funding round.

The money was raised from investors led by Goldman Sachs and Viking Global, the $25 billion hedge fund run by billionaire Andreas Halvorsen, and joined by Citi, Morgan Stanley, Bank of America, and Wells Fargo.

Proceeds will be used to make strategic moves in two key areas: content availability and intelligent search features. The startup is seeking to diversify its content in terms of geography and language, as well as offering more industry-specific content through distribution deals and company acquisitions. The funding will also be used to finetune search features such as “trending themes” and recommendations, AI that compiles trending topics specific to clients’ interests and recommends further reading catered to them.

AlphaSense, founded in 2008 and led by CEO Jaakko Kokko, built a search engine tailored to the needs of enterprises to gather market intelligence around specific trends and industries. The company works with more than 1000 clients, mostly investment banks and related financial services companies. Many of its investors including Goldman and Morgan Stanley are also AlphaSense customers. Citi is a client but also provides unique content to the platform for AlphaSense’s corporate clients as part of an exclusive partnership. Market intelligence companies are not particularly novel but partnerships that provide unique data are what help AlphaSense stand apart from the competition, clients say.

Prior to this round, AlphaSense raised around $85 million, with a last round announced in 2019 and closed at $50 million.