AlphaSense Hits $2.5B Valuation In Busy Day For AI Funding

AI-driven market intelligence platform locked up a $150 million Series E led by at a $2.5 billion valuation 鈥� an increase of nearly 30% from its raise just in April.

The New York-based startup鈥檚 market intelligence and search platform 鈥� powered by AI and natural language processing 鈥� helps clients form corporate and investment strategies.

Bond was joined in the round by existing investors including 鈥� 鈥檚 independent growth fund 鈥� and .

The raise comes just about five-and-a-half months after the company raised a $100 million round at a $1.8 billion valuation.

In total, the company has now raised more than $770 million since its founding.

The company said it will use the cash infusion to grow its collection of searchable business content and make strategic acquisitions.

That鈥檚 not all

Of course, that鈥檚 not the only thing that happened Thursday in the world of generative AI.

China-based AI chip startup raised a huge round worth nearly $274 million from investors including funds linked to a government authority in Shanghai, . The chip-maker is backed by .

It also was 听迟丑补迟 is in advanced talks with former designer and of to launch a venture to build the 鈥渋Phone of artificial intelligence.鈥� The venture could involve an investment of more than $1 billion in funding from SoftBank.

The investment would come just months after SoftBank CEO Masayoshi Son told investors that the multinational investment holding behemoth would again shift from 鈥渄efense mode鈥� as it looks to be a leader in AI.

It has slowly started to make good on that promise.