"AI isn't replacing analysts, it's giving them superpowers."
"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,"
"hypergrowth"
AlphaSense acquired Carousel to integrate an AI assistant that generates financial spreadsheets and builds models in Excel. Carousel's team will join AlphaSense to develop AI-powered spreadsheet generation tools that automate extracting data from PDFs and presentations, formatting models, building formulas, and explaining complex logic. AlphaSense reported $500 million in annual recurring revenue, 6,500 corporate clients, and a $4 billion valuation per PitchBook. Carousel was founded in 2023, participated in Y Combinator Winter 2024, and will support AlphaSense's push to automate modeling work following a shift toward financial services after acquiring Tegus for $930 million.
Read at Business Insider
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