Tegus, an AI research startup that was valued at $3 billion in 2021, is close to a deal to sell itself to AlphaSense, according to five banking and venture capital executives. The financial terms were not immediately available, but the combined companies will be valued at roughly $4 billion, one of the VC execs said.
Tegus has been up for sale since last fall when it hired advisors, one of the bankers said. Based on the executive’s comment about the combined value of the firms, the sale price for Tegus is around $1 billion—though this is only an estimate and has not been confirmed.
