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.