Dataminr , the information discovery company Raises $130 M

What does Dataminr do?

Dataminr, is a leading real time information discovery company. It transforms the real time data from public sources such as twitter into actionable signals, identifying the most relevant info in real time for customers in finance, news, security, public sector, crisis management etc.

The startup’s groundbreaking technology identifies, classifies and determines the importance of real time info and delivers relevant signals and contextual analytics through high value apps and APIs.

How much Dataminr was funded?

Dataminr has raised $130 M in Series D on March 17th, 2015 by Institutional Venture Partners (IVP), Nicolas Berggruen, Noam Gottesman, Venrock, Vikram Pandit and Tom Glocer.

Previous funding

$2M  in Venture round on Aug 17, 2010 by Andreas Wuerfel

$1.1M in  Series A on Jul 26, 2011 by Andreas Wuerfel and BoxGroup

$16.5M  in Series B on Sep 24, 2012

$30M in  Series C on Jun 12, 2013 by Institutional Venture Partners (IVP), Deep Fork Capital, Venrock and GSV Capital

What is next for Dataminr?

The series D funding of $130 M is to be used to expand the startup into new enterprise verticals, with risk management being concentrated upon. It also plans to take the U.S. based service to more countries around the globe.

It is going to enable the startup meet the huge global demand for the company’s products and expand it into many new markets and integrate the new datasets into the company’s algorithmic engine to enhance its twitter based signal and broaden its offerings.

More about Dataminr

Dataminr was founded in 2009 by Jeff Kinsey by  Ted Bailey, former Yale undergraduate roommates, with a combination of their experience in social media signals, finance and technology.

Dataminr has its headquarters in New York and offices in Washington DC, San Francisco, Montana and London. It currently has 150 employees.

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