Dataminr raises $221 million to analyze public information
Dataminr co-founder and CEO Ted Bailey. Photo by Noam Galai/Getty Images.
Dataminr, a startup that analyzes public data about events in real time, has raised $221 million in new funding, according to an SEC filing.
Why it matters: The New York-based company is capitalizing on a growing need for businesses to cut through the noise created by an ever-increasing amount of data and information to make decisions.
Its customers include companies in sectors like finance, media and government.
Dataminr previously raised around $180 million, including a $130 million round in 2015 led by Fidelity. Other shareholders include IVP, Venrock, Wellington Management and Goldman Sachs. No new investor information was disclosed in the filing, and Dataminr has not yet returned a request for comment.