Total amount raised
$1.1 Billions
Latest funding date
Location
Dataminr has successfully raised $85 million in funding, with notable investors including NightDragon and HSBC. The company's AI platform specializes in real-time event and risk detection, offering solutions across corporate security, cyber risk, public sector, and newsrooms.
Keep reading to explore the intricacies of Dataminr's fundraising journey and the investors backing this innovative platform.
What Is Dataminr?
Founded in 2009, Dataminr is a New York-based company specializing in real-time event and risk detection using AI technology. The company was established by Jeffrey Kinsey, Sam Hendel, and Theodore Bailey.
Dataminr's AI platform identifies early signals of high-impact events and emerging risks from publicly available information, including social media, blogs, and information sensors. This technology is utilized across various sectors, including corporate security, cyber risk, and newsrooms.
With a workforce of 501-1000 employees, Dataminr continues to expand its global presence, offering innovative solutions to enhance organizational safety and resilience.
How Much Funding Has Dataminr Raised?
- Series C
- Amount Raised: $33.9M
- Date: June 2013
- Lead Investors: IVP, Venrock
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand Dataminr's AI capabilities and enhance its real-time event detection platform.
- Series D
- Amount Raised: $130M
- Date: March 2015
- Lead Investors: Fidelity
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and increase market penetration in the corporate and public sectors.
- Series E
- Amount Raised: $391.6M
- Date: June 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: $1.6B
- Motivation Behind the Round: To expand Dataminr's AI platform and increase its global footprint.
- Series F
- Amount Raised: $475M
- Date: March 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: $4.1B
- Motivation Behind the Round: To accelerate growth in corporate business lines and expand international sales.
- Secondary Market
- Date: September 2015
- Investor Count: 2
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity for early investors and employees.
- Secondary Market
- Date: July 2017
- Investor Count: 1
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To offer liquidity options for stakeholders.
- Secondary Market
- Date: June 2018
- Investor Count: 3
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To facilitate liquidity for early investors and employees.
- Secondary Market
- Date: January 2020
- Investor Count: 3
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity for existing shareholders.
- Secondary Market
- Date: July 2023
- Investor Count: 1
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To offer liquidity options for stakeholders.
- Secondary Market
- Date: April 2024
- Investor Count: 2
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity for early investors and employees.
Total Amount Raised: $1.03B. Current Valuation: $4.1B.
Key Investors
- HSBC
- Details: HSBC is a global banking and financial services organization headquartered in London. It operates in over 60 countries and serves more than 40 million customers worldwide.
- Investment Focus Areas: Financial services, banking, investment.
- Notable Investments: Various financial technology and banking startups.
- NightDragon
- Details: NightDragon is a venture capital firm focused on cybersecurity, safety, security, and privacy industries. It was founded by Dave DeWalt, a former CEO of FireEye and McAfee.
- Investment Focus Areas: Cybersecurity, safety, security, privacy.
- Notable Investments: Various cybersecurity firms and technology companies focused on safety and security.
- Fidelity
- Details: Fidelity is a multinational financial services corporation based in Boston. It offers investment management, retirement planning, portfolio guidance, and brokerage services.
- Investment Focus Areas: Financial services, technology, healthcare.
- Notable Investments: Tesla, Uber, Airbnb.
- IVP (Institutional Venture Partners)
- Details: IVP is a later-stage venture capital and growth equity firm based in Menlo Park, California. It has invested in over 400 companies since its inception in 1980.
- Investment Focus Areas: Technology, media, internet, enterprise IT.
- Notable Investments: Twitter, Slack, Snap.
- Venrock
- Details: Venrock is a venture capital firm originally established as the venture arm of the Rockefeller family. It focuses on early-stage and growth investments.
- Investment Focus Areas: Healthcare, technology, energy.
- Notable Investments: Apple, Intel, Gilead Sciences.
What's Next for Dataminr?
Dataminr stands at the cusp of significant growth opportunities, driven by the expansion of its corporate business line and international sales footprint. The global data analytics market, projected to exceed $132 billion by 2026, offers a vast arena for Dataminr to enhance its AI capabilities and broaden its client base across Europe and the Asia Pacific regions.
Future fundraising efforts, including a potential IPO in 2023, could provide the necessary capital to fuel these expansions. However, the company must navigate challenges such as privacy concerns and regulatory scrutiny, particularly given its controversial use by law enforcement. Balancing growth with ethical standards will be crucial for sustaining public trust and long-term success.
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