The New York-based startup’s market intelligence and search platform — powered by AI and natural language processing — helps clients form corporate and investment strategies.
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’s not all
Of course, that’s not the only thing that happened Thursday in the world of generative AI.
China-based AI chip startup Enflame raised a huge round worth nearly $274 million from investors including funds linked to a government authority in Shanghai, per a Reuters report. The chip-maker is backed by Tencent.
It also was reported by the Financial Times that OpenAI is in advanced talks with former Apple designer Jony Ive and Masayoshi Son of SoftBank to launch a venture to build the “iPhone of artificial intelligence.” 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 “defense mode” as it looks to be a leader in AI.
- Startup AlphaSense Snags $100M As AI Stays Hot; Alphabet’s CapitalG Invests
- SoftBank May Slowly Be Starting To Play ‘Offense’ In AI Arms Race After Son’s Promise
Illustration: Li-Anne Dias
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