Dataminr Secures $85M Funding for AI-Driven Expansion Amidst Economic Volatility

Dataminr, a data analytics company, has secured $85 million in funding, primarily for international expansion and product innovation. The investment will enable Dataminr to diversify its offerings, leverage its AI engine in new industries, and potentially prepare for an IPO. Founded in 2009, Dataminr monitors real-time events and provides actionable intelligence in critical situations, with applications in security, defense, news, and media sectors.

Dataminr, a leading data analytics company, has announced the successful completion of a $85 million funding round, primarily intended for international expansion and product innovation [1]. This latest investment will enable Dataminr to diversify its offerings, leverage its AI engine in new industries, and potentially pave the way for an initial public offering (IPO) [2].

Founded in 2009, Dataminr has established itself as a prominent player in the data analytics space by monitoring real-time events and providing actionable intelligence in critical situations [1]. Its applications span various sectors, including security, defense, news, and media [1]. The company's success is evident in its consistent inclusion in the Forbes Cloud 100 list for the past five years [2].

Dataminr's funding history reflects its impressive growth trajectory. In 2018, the company raised $392 million, bringing its valuation to $1.6 billion [2]. Its most recent fundraising round, which concluded in March 2021, brought in $475 million and gave Dataminr a valuation of $4.1 billion [2]. Notable investors in this round include Eldridge, Michael Dell's MSD Capital, Marc Pincus and Reid Hoffman's Reinvent Capital, ArrowMark Partners, IVP, and Eden Global [2].

The funds from this latest investment will be utilized to accelerate Dataminr's growth in its corporate customer base, expand international sales, and enhance its AI platform [1]. With its AI engine capable of analyzing data from over 100,000 public sources, Dataminr is poised to make significant strides in various industries [2].

While Dataminr has not yet made any firm declarations regarding an IPO, speculation suggests that the company is likely to go public in 2023 [2]. Founder and CEO Ted Bailey has confirmed these plans, stating that the funds will be used to prepare for the eventual IPO [1].

References:

[1] Dataminr Announces $85 Million Financing Round. (2021, October 27). Retrieved November 2, 2021, from https://www.dataminr.com/press/dataminr-announces-85m-financing-round/

[2] When Will Dataminr Go Public (IPO)? (n.d.). Retrieved November 2, 2021, from https://marketrealist.com/p/when-will-dataminr-go-public-ipo/