Dataminr to Discuss Funding at Over $3.6 Billion

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Date: 23.03.2021

Dataminr, an artificial-intelligence platform that makes use of sources such as Twitter to send breaking news alerts, is in talks to raise new funding at a valuation of more than $3.6 billion, according to people with knowledge of the matter.

The New York-based company is poised to more than double its 2018 valuation of $1.6 billion in the new funding round, which is set to feature participation from some existing investors, the people said. Terms, including the size of the capital raise, haven’t been finalized and it’s possible they could change.

A Dataminr spokeswoman declined to comment.

The company, led by founder and Chief Executive Officer Ted Bailey, previously received backing from Morgan Stanley’s Tactical Value Fund, MSD Capital, Valor Equity Partners, Goldman Sachs Group Inc and others.

The company touts its ‘First Alert’ product, used by first responders, as helping to provide aid during natural disasters and other events.

Dataminr competes with Bloomberg LP, the parent of Bloomberg News, in providing real-time alerts.

The article was prepared based on the information: Bloomberg

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