Dataminr, a Twitter analytics firm serving the financial and government sectors, has raised $13m in a Series B round of financing. These new funds will be used to secure new clients, while further developing the firm's technology.
Founded in 2009, New York-based Dataminr offers a suite of products powered by proprietary algorithms, to analyze social media data across Twitter, and alert clients of relevant information, events and emerging trends.
The company's 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 more than 400 million public tweets shared on Twitter daily.
This latest round of funding, which comes from several institutional investors and existing Series A investors, adds to the $3.5m initially raised.
Founder and CEO Ted Bailey (pictured) comments: 'Dataminr effectively integrates social media into the daily investment process of the institutional financial professional. Our products empower financial professionals with an informational advantage.'
Web site: www.dataminr.com .
All articles 2006-22 written and edited by Mel Crowther and/or Nick Thomas unless otherwise stated.