Dataminr Raises $30M in Venture Capital Funding

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.



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