[March 17, 2015] |
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Dataminr Raises $130 Million in Growth Capital from Leading Financial Industry Investors
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 (News - Alert); 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 (News - Alert)-based signals nd 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."
For
more information, please click here for the company's blog post
announcing the financing
Click
here for recent case studies on Dataminr Alerts
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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.
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