: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.
The company's clients include German software firm SAP SE, U.S. industrial giant 3M and Alphabet's Google. New York-based AlphaSense, which surpassed $200 million in annual recurring revenue in April, raised $150 million last year in a Series E financing round that valued the company at $2.5 billion.AlphaSense's deal will help the company bring Chicago, Illinois-based Tegus' breadth of data on public and private companies to its platform.
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