AlphaSense announced the acquisition of Carousel at its AlphaSummit customer conference in New York on October 7, 2025, adding artificial intelligence-powered Excel modeling to its market intelligence platform. The company says the move expands its generative artificial intelligence suite and advances a unified intelligence strategy that spans documents, financial data, and dynamic models. Financial terms were not disclosed.
By integrating Carousel, AlphaSense positions Excel modeling as a native extension of its end-to-end platform so analysts can create and update models far more quickly. The combined offering layers generative Excel modeling on top of AlphaSense’s content universe and Canalyst’s fully drivable models for 4,500 companies, including historical financials and granular KPI drivers. AlphaSense’s CEO Jack Kokko said the acquisition accelerates efforts to automate financial workflows with generative artificial intelligence by uniting Canalyst’s data with Carousel’s modeling tool, extending the company’s leadership in market intelligence into Excel-based workflows.
Carousel targets the most time-consuming parts of modeling by extracting data from PDFs and presentations, formatting spreadsheets, building formulas, and explaining complex logic. Embedded within AlphaSense, the tool is positioned as an iterative thought partner rather than a simple execution utility, enabling analysts to spend less time on manual tasks and more time refining assumptions and producing strategic insights. Carousel’s co-founder Daniel Wolf said pairing the company’s modeling velocity with AlphaSense’s intelligence capabilities, document corpus, and Canalyst models helps teams iterate with market insights and pursue deeper analysis they would not otherwise have time to complete.
The integrated solution is designed to let users build first drafts and iteratively refine models using natural language, while pulling in insights from earnings calls, research reports, and competitive filings without leaving Excel. It also supports ingestion of unstructured sources like PDFs and CSVs and can search across thousands of filings to surface specific line items or footnotes directly into models. To improve transparency and review, features such as a model walkthrough translate cell-level formulas into plain language and a chat interface explains model architecture. Context-aware artificial intelligence within Excel enables robust scenario testing, alternative hypotheses, and stress-testing of assumptions.
AlphaSense frames the acquisition as a step from research to modeling and from insight to action, embedding Excel modeling into its generative artificial intelligence workflows for a seamless in-platform experience. The company highlights its broader capabilities, including access to over 500 million premium business documents and solutions such as Generative Search, Generative Grid, and Deep Research, with a focus on speed, accuracy, and enterprise-grade security.
