New York based real time information discovery company Dataminr has secured just over $221 million fresh funding in equity financing. The total raised amount by the firm now is a whopping $400 million in a total of 9 funding round. However, the firm hasn’t released any official statement from their end about the fresh funding.
In March 2015, It was Fidelity Investments which had led the Series D round funding of $130 million. Apart from Fidelity, the other investors includes Venrock, BoxGroup, Fabrice Grinda, IVP (Institutional Venture Partners), Credit Suisse, Wellington Management, Fidelity Investments, Jose Marin, SharesPost Investment Management, GSV Capital, Deep Fork Capital, Thomas Glocer, Nicolas Berggruen, WorldQuant Ventures LLC, EquityZen, Richmond Global Ventures, Vikram Pandit, John Mack, Noam Gottesman, Wharton Equity Partners, Viceroy Ventures, and Andreas Wuerfel.
Dataminr uses artificial intelligence and machine learning techniques to analyze and discover events and breaking information for a number of clients ranging across various sectors. The company was founded by Jeff Kinsey and Ted Bailey in 2009. The firm’s solutions are being utilized by a huge number of clients across the globe.
The company products are good enough to capture real-time breaking information. A number of companies from media, security, government, and finance depends heavily on Dataminr's platform to understand important news and details as soon as it occurs.The company might well invest heavily in order to keep the privacy of their clients intact.