NEW YORK--(BUSINESS WIRE)--Dataminr today announced that it has raised $130 million in growth capital in a financing round led by Fidelity Management and Research Company, with additional institutional investments from Wellington Management Company LLP, Credit Suisse NEXT Investors, as well as existing Dataminr investors Venrock and Institutional Venture Partners.
Among the many high-profile new individual investors in the financing are John Mack, former CEO of Morgan Stanley; Vikram Pandit, former CEO of Citigroup; Tom Glocer, former CEO of Reuters; Noam Gottesman (TOMS Capital LLC), founder of the hedge fund GLG; and Nicolas Berggruen, founder of the Berggruen Institute on Governance. Additional institutional investors include WorldQuant Ventures, Glynn Capital and Goldman Sachs.
Ted Bailey, CEO and Founder of Dataminr said, "We are very pleased to have secured $130 million in growth capital from such a prestigious set of institutions and individual investors. This capital will enable our company to meet the tremendous global demand for our products, expand into a number of new markets, and integrate valuable new datasets into our algorithmic engine to enhance our Twitter-based signals and broaden our offerings."
“Dataminr has become the front line of real-time information discovery in most geographies and fields of human activity,” said Dataminr Board Member Nick Beim of Venrock. “It has the potential to transform the ever-increasing number of industries that rely on real-time information."
About Dataminr: Dataminr is the leading real-time information discovery company. Using powerful, proprietary algorithms, Dataminr instantly analyzes all public tweets and other publicly available data to provide its clients with the earliest warning for breaking news, real-world events, off the radar content, and emerging trends. It has pioneered a groundbreaking technology that identifies, classifies, and determines the significance of real-time information and delivers relevant signals and contextual analytics to its clients through high-value applications and customizable APIs. Dataminr currently serves customers in finance, the public sector, news, security, and crisis management.