Twitter Analytics Firm Dataminr Raises $30m

Dataminr, a Twitter analytics firm serving the financial and government sectors, has raised $30m, which it plans to use both to accelerate growth in its current markets and to expand into new verticals.

Founded in 2009 and based in New York, the firm offers a suite of proprietary products to analyze Twitter data, and alert clients of relevant information, events and emerging trends. Its multi-year partnership with Twitter includes real-time access to the full Twitter Firehose, and its analytics engine detects real-time linguistic and propagation patterns across the site's more than 400 million public tweets each day.

New funding consists of $25m from Venrock and IVP and $5m from existing investors, including GSV Capital Corp, Deep Fork Capital, and Wharton Equity Partners. This adds to $13m secured in a Series B round last September.

Ted Bailey (pictured), founder & CEO, comments: 'We are extremely pleased to have secured this new round of capital and the endorsement of such prestigious firms as Venrock and IVP. Dataminr's world-class team of PhDs and data scientists has spent years mastering the new science of information discovery in social media and has developed highly sophisticated algorithms that break new ground.'

Web site: www.dataminr.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.