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Co-Founder and CEO of Dataminr Ted Bailey. Photo: Noam Galai/Getty Images for TechCrunch
Dataminr, a New York City-based startup that analyzes public data about events in real time, has closed a $392 million funding round at a $1.6 billion valuation, more than twice its 2015 valuation of $680 million.
Why it matters: Tools like Dataminr are increasingly in demand as an inundation of data and information makes it harder to cut through the noise. Dataminr's customers include companies in finance, media and government.
Investors in this round: Morgan Stanley’s Tactical Value Fund, Valor Equity Partners, MSD Capital, Declaration Partners, Moore Strategic Ventures, Vulcan Capital, the Pritzker Family Business Interests, and existing investors Fidelity Investments, Institutional Venture Partners, and Goldman Sachs.