The New York-based startup uses complex algorithms to sift and comb through real time public data. As a strategic partner of Twitter, Dataminr has direct access to the company's data firehose, and uses it to spot relevant information that it delivers to clients. Most of its investors are Financials or People with a financial background indicating where it makes its revenues from.....
Dataminr, a startup that parses and crawls the vast glut of real-time informatio posted on social media sites like Twitter to extract key developments for public safety, bankers and news organizations, has confirmed that it’s raised another $130 million in funding. The funding — a Series D led by Fidelity — will be used to expand into new enterprise verticals, with risk management being a key new area. The company also plans to take the U.S.-based service to more geographies. “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-based signals and broaden our offerings,” Bailey, CEO and co-founder of Dataminr said in a statement.
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