Dataminr, a NYC-based social media analytics company, has raised $13m in Series B funding.
The company intends to use the capital for technology development and new client acquisition.
Backers include new investment from several institutional investors, as well existing Series A investors from the financial industry.
Formed in 2009 by CEO Ted Bailey, Dataminr provides a broad suite of modular desktop products designed to transform social media streams into actionable signals. It currently services both buy-side and sell-side financial firms, as well as municipal and federal clients in the government sector,