Acquisition extends AlphaSense's leadership in market intelligence by embedding AI-driven financial modeling directly into analyst workflows

NEW YORK, Oct. 7, 2025 /PRNewswire/ -- 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.

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 will deliver unmatched speed, accuracy, and depth of insight by enabling customers to:

• Build and iterate on models informed by market intelligence: Carousel can both build first drafts and iteratively refine models with natural language. With AlphaSense integrated, analysts can incorporate insights from earnings calls, research reports, and competitive filings to drive their modeling assumptions and explore new strategic angles, all without leaving Excel.
• Ingest unstructured sources from anywhere into Excel: Carousel already extracts data from user-provided PDFs, CSVs, and presentations. With AlphaSense integrated, analysts can also search across thousands of filings for specific line items buried in footnotes or across multiple 10-Ks, pulling precise data points directly into models without manual hunting.
• Understand, explain, and check models: Model Walkthrough breaks down cell-level formulas into plain language, while Carousel's chat interface helps users understand how models are architected and laid out. Senior team members can quickly get comfortable with junior team members' work, simplifying reviews, ensuring accuracy, and accelerating onboarding.
• Work with context-aware AI directly in Excel: Carousel understands your model's context to help analysts test more scenarios, pursue alternative hypotheses, and stress-test assumptions thoroughly. Analysts gain leverage to pursue deeper insights that would otherwise require days of manual work.

"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."

A Unified Vision
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.

About AlphaSense
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. For more information, visit www.alpha-sense.com.

Media Contact
Pete Daly for AlphaSense
Email: media@alpha-sense.com

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SOURCE AlphaSense