Accenture (NYSE: ACN) announced an investment through Accenture Ventures in AlphaSense, an artificial intelligence platform focused on market intelligence for business and financial sectors. The companies also formed a partnership to integrate market intelligence into enterprise workflows.

The collaboration aims to combine Accenture's industry expertise with AlphaSense's platform to help organizations make data-driven decisions. AlphaSense operates a content library containing more than 500 million business documents and billions of data points, including public company filings, earnings materials, and expert interviews.

AlphaSense's platform uses AI to analyze financial and market intelligence, delivering search capabilities, analysis, and alerts. The company was named a leader in Gartner's Magic Quadrant for Competitive and Market Intelligence Platforms, ranking highest in both ability to execute and completeness of vision.

The partnership will focus on integrating AlphaSense capabilities into client offerings across industries including financial services, life sciences, healthcare, technology, and energy. The companies plan to develop AI-powered transformation solutions for enterprise clients.

"By integrating AlphaSense's 'always-on' market intelligence with Accenture's deep AI and industry expertise, we are empowering our clients to move beyond information processing to true enterprise intelligence," said Manish Sharma, Chief Strategy and Services Officer at Accenture.

AlphaSense serves over 7,000 enterprises, including 90% of S&P 100 companies, all major global investment banks, and 92% of the world's 50 largest pharmaceutical companies. The company recently reported surpassing $600 million in annual recurring revenue and completed a $350 million funding round at a $7.5 billion valuation.

Investment terms were not disclosed. The announcement was made through a press release statement.