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AlphaSense, an AI market intelligence and search platform, has announced that it has doubled its annual recurring revenue (ARR) to more than $200m in less than two years. In addition to this significant milestone, AlphaSense has also confirmed the appointment of Heather Zynczak as the company's Chief Marketing Officer. The rapid progress of AlphaSense, which achieved a valuation of $2.5bn after a successful $150m Series E funding round last year, is indicative of its growing presence within the industry. At present, the platform is utilised by a staggering 85% of the S&P 100.
Zynczak brings to AlphaSense over 25 years of experience leading marketing at high-growth and pre-IPO technology and SaaS companies. She is especially noted for having previously played a prominent role in corporate IPOs. Her insights and strengths are bound to be a major asset to the company as it continues on its rapid growth trajectory. As the new CMO, Zynczak will lead AlphaSense's global marketing activities, with a prime focus on customer engagement, brand awareness, and revenue growth through a close alliance with the revenue department.
Jack Kokko, CEO and Founder at AlphaSense, heralded her appointment stating that "Heather's incredible track record in supporting rapid revenue growth at IPO-scale companies will be invaluable to AlphaSense as we expand our marketing programs to meet the global demand for AI-driven market intelligence". He continued, praising Zynczak's combination of experience and strategic mindset as they head towards their next growth chapter.
Zynczak's success includes previous CMO stints at Domo, where she launched the brand and helped grow revenue from $0 to 100 million, and at Pluralsight, where she played a key role in the company's IPO and sustained 50% year-on-year growth. Additionally, Zynczak held senior roles at Oracle and SAP and began her career as a business consultant at notable firms, including Accenture, The Boston Consulting Group, and Booz Allen Hamilton.
In response to her appointment, Zynczak said, "AlphaSense is a powerful platform that I wish I had access to in my past roles in product strategy and consulting. The company's unique product, innovative AI tech stack, strong executive talent, blue-chip customer base, and remarkable revenue trajectory are why I am excited to be a part of this next phase of growth". She expressed her belief in AlphaSense's mission to remove uncertainty from decision-making and her eagerness to help drive growth in cooperation with the revenue team, whilst building a brand renowned by businesses globally.
AlphaSense's surge beyond $200M ARR is a testament to the rapid acceptance of its novel AI and search functionalities by more than 4,000 enterprise customers, including the majority of the S&P 500. This impressive development comes in the wake of a robust year for the company, encompassing the launch of a new hub in Singapore to boost APAC region expansion, a $100 million Series D investment led by Alphabet's CapitalG, and the completion of a $150M Series E funding round led by BOND. The series E round boosted AlphaSense's valuation to its current $2.5 billion standing.
