Cohesion vs WithAI
WithAI holds a slightly steadier position than Cohesion because it faces less direct competitive pressure and shows a touch more product differentiation, even though its financial base is thinner.
Cohesion
AI agents that automate equity research for institutional investors using public data
WithAI
Builds AI agent tools (Multiplier) for mid-market hedge funds, $250M-$5B AUM
Dimension by dimension
| Dimension | Cohesion | WithAI |
|---|---|---|
| Staying power of the core product | Cohesion's agents automate equity research using public data, a task large platforms are already folding into their own tools. | WithAI's Multiplier automates similar agent workflows for hedge funds, facing the same absorption risk from bigger platforms. |
| Exposure to AI absorbing the product | Research automation is a natural feature for large data platforms to add in-house, making absorption likely for Cohesion. | Agent orchestration for fund research also fits naturally into what large platforms already build in-house, making absorption likely for WithAI as well. |
| How easily a giant could copy them | Cohesion's research automation relies on public-data processing techniques that larger platforms already use, offering little technical barrier to replication. | WithAI's agent orchestration for hedge funds rests on similarly replicable techniques, though it targets a narrower workflow than Cohesion's, offering marginally more room before a bigger player duplicates it. |
| Pressure from rivals | Faces AlphaSense, generating roughly $500M in annual recurring revenue and claiming 88% penetration in the S&P 100, plus Bloomberg's ASKB, putting Cohesion under heavier direct pressure. | Faces Hebbia and Rogo, both better funded, but WithAI faces lighter direct pressure than Cohesion does. |
| Financial footing | No revenue or funding figures are disclosed for Cohesion itself, only the scale of its dominant competitor. | WithAI reports over $100,000 in annual recurring revenue, four live clients, and $500,000 in accelerator funding, all still small. |
| Scale of the competitive gap | The gap between Cohesion and AlphaSense is stark, with AlphaSense's Tegus acquisition alone valued near $930M. | WithAI's rivals are better funded too, but no comparable acquisition or revenue gap of that size is on record. |
Questions people ask
- Is Cohesion's business likely to be absorbed by AI?
- Yes, Cohesion is marked 'Likely' to be absorbed, the same rating WithAI carries. Both companies automate tasks that larger platforms are actively building into their own products.
- Which company faces tougher competition, Cohesion or WithAI?
- Cohesion faces tougher competition. It competes against AlphaSense, which generates around $500M in annual recurring revenue and claims 88% penetration in the S&P 100, alongside Bloomberg's ASKB.
- Do Cohesion or WithAI have solid financial backing?
- Neither shows solid financial backing. Cohesion discloses no revenue figures at all, while WithAI reports just over $100,000 in annual recurring revenue and $500,000 in accelerator funding.
- What would change the outcome between Cohesion and WithAI?
- If AlphaSense or Bloomberg release a free version of their agentic search tools, Cohesion's position would weaken further. If Hebbia or Rogo cut pricing sharply, WithAI's mid-market niche could erode just as fast.
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