AlphaSense, the AI platform redefining market intelligence for the business and financial world, today announced at its AlphaSummit customer conference the acquisition of Carousel, an innovator in AI-powered Excel modeling. This acquisition expands AlphaSense's leadership in generative AI by adding Carousel's dynamic modeling technology to AlphaSense's generative AI suite, creating a new standard of unified intelligence – from documents to financial data, and now dynamic models, enhancing SaaS platforms for financial analysis and IT-driven decision-making tools.
For decades, Excel has been central to decision making, yet building models has required burdensome manual workflows. With Carousel added as an extension of AlphaSense's end-to-end AI platform, customers will be able to create and update financial models almost at the speed of thought. AlphaSense will uniquely combine generative Excel modeling on top of the world's most extensive premium content universe, including its fully drivable Canalyst models for 4,500 companies, incorporating historical financials and granular KPI drivers for detailed modeling of every company's financial performance.
"This acquisition extends and accelerates our efforts to automate financial workflows with Generative AI, uniquely combining Canalyst's one-of-a-kind data asset with Carousel's AI-driven modeling tool," said Jack Kokko, CEO and Founder of AlphaSense. "AlphaSense has long been the leader in AI-driven market intelligence. By incorporating what the Carousel team has built, we extend that leadership into Excel, streamlining one of the most important analytical workflows in the financial and business world."
Carousel eliminates the most tedious parts of an analyst's workflow – extracting data from PDFs and presentations, formatting models, building formulas, and explaining complex logic. Now, as Carousel's modeling velocity becomes seamlessly embedded into the AlphaSense ecosystem, it evolves from an execution tool into an iterative thought partner. Analysts can spend less time wrestling with manual tasks and more time generating strategic insights, with AI that not only builds models faster but also enables intelligent iteration – helping them sharpen their craft and deliver the high-value analysis that drives smarter, faster decisions. This integration supports advanced SaaS tools for financial modeling, enabling organizations to leverage AI for precise IT analytics across industries.
This will deliver unmatched speed, accuracy, and depth of insight by enabling customers to:
"Carousel takes care of tedious Excel work, but together with AlphaSense, we can now build toward a bigger opportunity," said Daniel Wolf, Co-Founder of Carousel. "By pairing our modeling velocity with AlphaSense's unparalleled intelligence capabilities, millions of documents, and thousands of Canalyst models, we can help analysts iterate with market insights and pursue deeper analysis they wouldn't have time for otherwise. We can make analysts better, not just faster."
These enhancements transform traditional financial tools into AI-powered SaaS solutions, providing IT infrastructure for dynamic modeling and real-time market intelligence in business operations.
This acquisition reinforces AlphaSense's position as the market's AI and intelligence leader while expanding its value proposition from research to modeling – and from insight to action. The integration of Carousel's technology ensures a seamless, in-platform experience where Excel modeling is embedded directly into AlphaSense's generative AI workflows, enabling customers to work smarter and faster than ever before.
The financial terms of the transaction were not disclosed.
AlphaSense's acquisition of Carousel at AlphaSummit marks a pivotal advancement in generative AI for financial workflows, uniting extensive content libraries with intelligent modeling to empower analysts with unprecedented efficiency and depth. As this unified platform rolls out, it promises to redefine market intelligence, driving actionable insights and strategic decisions for enterprises across sectors.
AlphaSense is the AI platform redefining market intelligence and agentic workflow orchestration, trusted by thousands of leading organizations to drive faster, more confident decisions in business and finance. The platform combines domain-specific AI with a vast content universe of over 500 million premium business documents – including equity research, earnings calls, expert interviews, filings, news, and clients' internal proprietary content. Purpose-built for speed, accuracy, and enterprise-grade security, AlphaSense helps clients extract critical insights, uncover market-moving trends, and automate complex workflows with high-quality outputs. With AI solutions like Generative Search, Generative Grid, and Deep Research, AlphaSense delivers the clarity and depth professionals need to navigate complexity and obtain accurate, real-time information quickly.
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