INSUBCONTINENT EXCLUSIVE:
Google and its flagship search portal opened the door to the possibilities of how to build a business empire on the back of organising and
funding to see if it can do the same for the B2B world.AlphaSense, which provides a way for companies to quickly amass market intelligence
around specific trends, industries and more to help them make business decisions, has closed a $50 million round of funding, a Series B that
with a heavy emphasis on investment banks and related financial services companies
Stanley in a past life and understood the labor and time pain points of doing market research, and decided to build a platform to help
many factors that cause it
We can now do that with orders of magnitude more efficiency
Firms can now gather information in minutes that would have taken an hour
of the search-as-business model) for a decade, and then stayed on as chairman and ultimately board member of Google and then Alphabet (its
later holding company) until just last June.Schmidt presided over Google at what you could argue was its most important time, gaining speed
and scale and transitioning from an academic idea into a full-fledged, huge public business whose flagship product has now entered the
lexicon as a verb and (through search and other services like Android and YouTube) is a mainstay of how the vast majority of the world
As such, he is good at spotting opportunities and gaps in the market, and while enterprise-based needs will never be as prominent as those
in this round including Soros Fund Management LLC and other unnamed existing investors
Previous backers had included Tom Glocer (the former Reuters CEO who himself is working on his own fintech startup, a security firm called
BlueVoyant), the MassChallenge incubator, Tribeca Venture Partners and others
Kokko said AlphaSense is not disclosing its valuation at this point
targeted, and business-focused, search portals, from the likes of Wolfram Alpha (another alpha!) through to Lexis Nexis and others like
requests as well as set up to push information to its users based on previous search parameters
Currently these are set up to only provide information, but over time, there is a clear opportunity to build services to let the engines
