AlphaSense, a market intelligence and search platform, has raised $650 million in funding, co-led by Viking Global Investors and BDT & MSD Partners, with participation from new investors J.P. Morgan Growth Equity Partners, SoftBank Vision Fund 2, Blue Owl, Alkeon Capital, and existing investors Alphabet’s CapitalG and Goldman Sachs Alternatives. This funding round brings AlphaSense’s valuation to $4 billion.

In another development, AlphaSense announced an agreement to acquire Tegus, a provider of research, private company content, and financial data and workflow tools. The transaction aims to combine Tegus’ private company data with AlphaSense’s platform to help business and financial professionals make informed decisions through AI-driven market intelligence, according to the company. The transaction is expected to close in the third quarter of 2024.

Goldman Sachs is acting as AlphaSense’s financial advisor, while DLA Piper and Paul, Weiss, Rifkind, Wharton & Garrison are acting as legal advisors. Evercore and Morgan Stanley are acting as Tegus’ financial advisors, and Latham Watkins is acting as Tegus’ legal advisor.