Singapore-based technology investor EDBI has made a strategic investment in AlphaSense, a US artificial intelligence-enabled market intelligence and search platform that is expanding into the Asia-Pacific region.

The investment is part of the company’s US$150 million Series E financing round, which raised its valuation to US$2.5 billion. The fundraise was led by San Francisco-based tech investor BOND, and joined by existing investors, including Alphabet's CapitalG, Viking Global Investors, and Goldman Sachs Asset Management.

“EDBI’s partnership with [AlphaSense] highlights our commitment to attracting innovative tech companies that enhance business capabilities in Singapore and across the region, contributing to the nation’s digital transformation movement and enhancing workforce productivity,” says EDBI partner Charmaine Kng.

AlphaSense, which has recently established a regional hub in Singapore, has also appointed Mark Leadercramer as director for Asia-Pacific. Based in Singapore, he will lead the strategic direction and local execution of the company’s enterprise growth in the region.

Leadercramer was previously head of enterprise sales for Southeast Asia at payments platform Stripe, and served as general manager of South APAC at market intelligence agency Mintel.

According to AlphaSense, more than 4,000 enterprise customers worldwide now use its platform, including Grab, ByteDance, Woodside Energy, BHP Group, and GIC Private Limited.