Dataminr, a New York-based real-time information discovery company, raised $30m in venture capital funding.
The round was led by Venrock and Institutional Venture Partners (IVP), which provided $25m in total, with participation from existing investors GSV Capital Corp, Deep Fork Capital, and Wharton Equity Partners, which committed $5m.
Led by Ted Bailey, Founder and CEO, Dataminr provides enterprise clients with a real-time analytics engine that is designed to transform raw social media streams into actionable signals, delivering a warning system for relevant information, noteworthy events, and emerging trends.
In the financial services sector, the company offers a web-based desktop application to buy-side and sell-side clients that delivers early and differentiated information directly into the work-flow of professionals.
Dataminr intends to use the capital to accelerate growth in their current markets and to expand into new verticals.