New Funds for Dataminr

In New York, Dataminr, whose real-time AI platform detects events, flags risks and derives business information from public data, has raised $85m in a combination of convertible financing and credit. The funds will fuel international growth, continued development of GenAI products and expansion into new verticals.

The firm began as a Twitter analytics specialist, then broadened out to provide predictive insights on high-impact global events and news to clients in the government, financial services, media and other business sectors. It has raised larger sums previously - $130m in 2015 and $475m in 2021, the latter at a valuation of $4.1bn - but took a breath in 2023 with around 150 redundancies, while refocusing its efforts on AI development.

Today Dataminr's platform tracks public data from more than one million unique sources, synthesizing data spanning text, image, video, sound and sensor signals for real-time event detection across the world. Next month it plans to launch Context Agents, an Agentic AI capability that dynamically adds real-time context around breaking events, risks and threats.

The new funding comes from NightDragon and HSBC, and will help the company expand in Europe, the Middle East and Asia. Dataminr says it is approaching $200m in ARR, with 'strong growth across the enterprise, government and defense markets'. Founder and CEO Ted Bailey comments: 'We are excited to welcome esteemed investors NightDragon and HSBC, and thrilled to have security industry luminary Dave DeWalt join the Dataminr board as Vice Chairman, as we seek to turbocharge our go-to-market efforts and meet growing global demand for our products. The era of Gen AI and Agentic AI holds immense new opportunities for Dataminr. We look forward to using this capital to continue pioneering trailblazing AI capabilities that solve tangible real-world problems for our customers'.

The firm is online at www.dataminr.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.