Updated Jun 29, 2018

Dataminr raises new funds at $1.6 billion valuation

Kia Kokalitcheva

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.

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Coronavirus dashboard

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  1. Global: Total confirmed cases as of 7 p.m. ET: 932,605 — Total deaths: 46,809 — Total recoveries: 193,177 — Map.
  2. U.S.: Total confirmed cases as of 7 p.m. ET: 213,372 — Total deaths: 4,757 — Total recoveries: 8,474 — Map.
  3. Business updates: Very small businesses are bearing the brunt of the coronavirus job crisis.
  4. World update: Spain’s confirmed cases surpassed 100,000, and the nation saw its biggest daily death toll so far. More than 500 people were reported dead within the last 24 hours in the U.K., per Johns Hopkins.
  5. State updates: Florida and Pennsylvania are the latest states to issue stay-at-home orders — Michigan has more than 9,000 confirmed cases, an increase of 1,200 and 78 new deaths in 24 hours.
  6. Stock market updates: Stocks closed more than 4% lower on Wednesday, continuing a volatile stretch for the stock market amid the coronavirus outbreak.
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