AlphaSense valued at $4 billion in latest funding, agrees $930 million deal for rival Tegus

AlphaSense logo is seen near computer motherboard in this illustration taken January 8, 2024. REUTERS/Dado Ruvic/Illustration

(Reuters) -Market intelligence platform AlphaSense said on Tuesday it had notched a valuation of $4 billion in a fresh funding round and agreed to buy privately held Tegus in a deal valuing the rival at $930 million.

The $650 million capital raise was co-led by investment firm Viking Global Investors and merchant bank BDT & MSD Partners. It included participation from existing investors Alphabet's CapitalG and Goldman Sachs Alternatives.