Acquisition Brings Generative Excel Modeling into AlphaSense’s AI-Powered Market Intelligence Platform

AlphaSense, the AI platform transforming market intelligence for business and finance, has announced the acquisition of Carousel, a leader in AI-powered Excel modeling. This acquisition integrates Carousel’s dynamic modeling technology into AlphaSense’s generative AI suite, creating a unified workflow that spans documents, financial data, and now dynamic models.

Excel has long been central to financial decision-making, but building models has traditionally required labor-intensive manual processes. With Carousel integrated into AlphaSense’s platform, users can create and update financial models at unprecedented speed. This integration leverages AlphaSense’s extensive premium content universe, including fully drivable Canalyst models for 4,500 companies, providing historical financials and detailed KPI drivers for precise modeling of company performance.

“This acquisition extends and accelerates our efforts to automate financial workflows with Generative AI, combining Canalyst’s unique data assets with Carousel’s AI-driven modeling tool,” said Jack Kokko, CEO and Founder of AlphaSense. “By incorporating Carousel, we expand our leadership into Excel, streamlining one of the most critical analytical workflows in finance and business.”

Transforming Analyst Workflows

Carousel removes tedious manual tasks such as extracting data from PDFs, formatting models, building formulas, and explaining complex logic. Embedded into the AlphaSense ecosystem, Carousel evolves into an iterative thought partner, enabling analysts to focus on strategic insights and high-value analysis.

Capabilities Delivered Through Integration

  • Build and Iterate Models with Market Intelligence: Analysts can create and refine models using natural language and integrate insights from earnings calls, research reports, and filings directly into Excel.
  • Ingest Unstructured Data: Extract data from PDFs, CSVs, presentations, and thousands of filings, automatically populating models without manual effort.
  • Understand and Verify Models: Model Walkthrough translates cell-level formulas into plain language, and Carousel’s chat interface simplifies reviews and accelerates onboarding.
  • Context-Aware AI in Excel: Carousel understands model context to test scenarios, pursue alternative hypotheses, and stress-test assumptions efficiently.

“Carousel handles tedious Excel work, and combined with AlphaSense, analysts can iterate faster and pursue deeper insights with market intelligence,” said Daniel Wolf, Co-Founder of Carousel. “Our integration helps analysts not just work faster, but work smarter.”

A Unified Vision

This acquisition strengthens AlphaSense’s position as a leader in AI-driven market intelligence, extending its value proposition from research to modeling, and from insight to action. With Carousel embedded into AlphaSense’s generative AI workflows, Excel modeling becomes a seamless, in-platform experience, enabling customers to operate smarter and faster than ever.

For more updates on AI, IoT, cybersecurity, and industry insights, explore Itech360hub.com.