Country for PR: United States
Contributor: PR Newswire New York
Tuesday, March 23 2021 - 23:00
AsiaNet
Dataminr Announces $475M Financing Round, Raising its Valuation to $4.1B
NEW YORK, March 23, 2021 /PRNewswire-AsiaNet/ --

  -- The new funding will accelerate growth of the company's corporate business
     line, international sales, and AI Platform expansion 

Dataminr, the leading real-time information discovery platform, today announced 
the close of a $475 million financing round at a $4.1 billion valuation. 
Investors in the financing include Eldridge, Valor Equity Partners, MSD 
Capital, Reinvent Capital, ArrowMark Partners, IVP, Eden Global and investment 
funds managed by Morgan Stanley Tactical Value. 

Logo - https://mma.prnewswire.com/media/1275676/DTMRSymRGB_Logo.jpg  

The infusion of new capital will fuel growth of the company's corporate 
enterprise business line, which has doubled in revenue three years in a row as 
clients have expanded use of Dataminr's platform across physical safety & 
security, reputation risk & crisis management, business intelligence, and cyber 
threat detection. The company will also make further investments in 
internationalization, expanding its private and public sector sales footprint 
across the Europe and Asia-Pacific regions to meet the growing global demand 
for its product. 

"We live in an increasingly unpredictable world, where Dataminr's unparalleled 
ability to detect breaking events and critical information far in advance of 
other sources is more relevant than ever for the world's public and private 
sector organizations," said Dataminr Founder and CEO Ted Bailey. "Today, more 
than half of the Fortune 50 rely on Dataminr, and this additional capital will 
enable the company to accelerate client growth, both in the US and abroad, as 
organizations seek to equip themselves with the fastest, most comprehensive, 
and most accurate real-time information." 

Since its founding in 2009, Dataminr has created the world's leading real-time 
information discovery platform which detects digital patterns of emerging 
events and critical information from public data signals. Today, Dataminr's 
leading AI Platform performs trillions of daily computations across billions of 
public data inputs from over 100,000 unique public data sources. 

The company will use this new capital to continue its rapid public data source 
expansion across global and regional social media platforms, blogs, web forums, 
audio and radio transmissions, the deep and dark web, cyber signals, and public 
IoT sensors. Additionally, Dataminr will continue to broaden the scope of its 
AI Platform through deeper investment in fields of AI that the company has 
pioneered, spanning multi-modal event detection, multi-modal fusion AI, and 
dynamic human-AI feedback loops with domain experts. 

"We are only at the beginning of the explosion of public digital data that 
describes the world's real-time events," said Bailey. "Dataminr will use this 
new capital to pursue its mission of integrating all available public data 
signals to create the leading event and information discovery platform for the 
world's businesses and public sector organizations." 

The company has been recognized for its groundbreaking AI Platform and rapid 
revenue growth and by Forbes AI 50 ( 
https://c212.net/c/link/?t=0&l=en&o=3105445-1&h=3482079235&u=https%3A%2F%2Fwww.dataminr.com%2Fpress%2Fdataminr-ranked-number-5-on-the-forbes-ai-50-list&a=Forbes+AI+50 
) and Deloitte Fast 500 ( 
https://c212.net/c/link/?t=0&l=en&o=3105445-1&h=230933041&u=https%3A%2F%2Fwww.dataminr.com%2Fpress%2Fdataminr-ranked-number-176-fastest-growing-company-in-north-america-on-deloittes-2020-technology-fast-500&a=Deloitte+Fast+500 
). In late 2019, Dataminr delivered the first digital warning ( 
https://c212.net/c/link/?t=0&l=en&o=3105445-1&h=1066590235&u=https%3A%2F%2Fwww.dataminr.com%2Fresources%2Fdataminr-delivered-the-earliest-alert-on-covid-19&a=first+digital+warning 
) on COVID-19 ( 
https://c212.net/c/link/?t=0&l=en&o=3105445-1&h=480497033&u=https%3A%2F%2Fwww.businessinsider.com%2Fsocial-media-may-show-where-virus-will-strike-next-2020-4&a=COVID-19 
) and provided a valuable leading indicator on impending COVID-19 case count 
growth as the pandemic swept across the world. Alongside Dataminr's corporate 
product, Dataminr Pulse, the company provides public sector organizations with 
First Alert for first response, including the United Nations ( 
https://c212.net/c/link/?t=0&l=en&o=3105445-1&h=326647946&u=https%3A%2F%2Fwww.dataminr.com%2Fpress%2Fthe-un-and-dataminr-partner-to-use-ai-in-support-of-humanitarian-response&a=United+Nations 
), which uses First Alert in over 100 countries. Dataminr for News is relied on 
in more than 650 newsrooms and by over 30,000 journalists around the world.

Eden Global Partners served as strategic partner for the Series F capital 
round, and J.P. Morgan served as the company's placement agent with respect to 
investments made by J.P. Morgan's private banking clients.

ABOUT DATAMINR
Dataminr is the world's leading real-time information discovery platform, 
delivering the earliest warnings on high impact events and critical information 
far in advance of other sources. Recognized as one of the world's leading AI 
businesses, Dataminr enables faster response, more effective risk mitigation, 
and stronger crisis management for public and private sector organizations 
spanning global corporations, first responders, NGOs, and newsrooms. Dataminr 
is one of New York's top private technology companies, with 650 employees 
across seven global offices.

Contact: Dataminr@kwtglobal.com 

SOURCE: Dataminr