Dataminr in the News

5 Ways Social Media is Changing Corporate Security

27 Sep 2016:

Your phone chirps. It’s a text from the CEO. She is asking about the attempted coup in Ankara. How will it affect the supply chain? What is the contingency plan? Unfortunately, the incident happened about 45 minutes ago — this is the first you’re hearing about it.

Social media is transforming corporate security in fundamental ways. Dataminr’s Dillon Twombly details the five trends chief security officers, intelligence analysts and others need to consider when building a social media strategy.

Read the article from Security Magazine
 

Dataminr for News Enters Continental Europe, signing deal with France Info

6 Sep 2016:

Dataminr, the leading company that turns real time social media into actionable alerts, has announced this month that France Info, a part of the Radio France company has become the first commercial client in continental Europe.

This agreement is the first of its kind on the continent and signals a growing shift by digital media executives turning to software solutions to strengthen the newsgathering process.

The expansion into continental Europe is a natural development following the high adoption rate in newsrooms across the U.S. and other parts of the world. Journalists find having Dataminr in their workflow to be indispensable in helping them be fast, accurate and differentiated in the increasingly competitive news landscape.

Read the article
 

The watchers: Alternative-data firms are shedding new light on corporate performance

20 Aug 2016:

Early this year a local reporter tweeted that the FBI was raiding the offices of United Development Funding, a sponsor of real-estate investment trusts in Grapevine, Texas. It took other investors around ten minutes to hear the news and to push its shares down by 50%, by which time Dataminr’s clients had been able to short them.

Read the article from The Economist
 

Dataminr solves Twitter’s ‘needle in haystack’ problem for hedge funds and banks

18 Aug 2016:

Dataminr is one of the few companies able to handle the entire publicly available Twitter dataset (known as the firehose), using the platform’s wide swath of data to build smarter algorithms and better real-time alerts for its clients. Today, Dataminr says the learning curve from complete real-time data access over years is key to how it services business verticals in finance, corporate security, news gathering, and within the public space.

Read the article from International Business Times
 

From Novelty to Utility: How Dataminr and the Alternative Data Industry is Becoming Mainstream

16 Aug 2016:

As fast as news is reported now by traditional media outlets, by the time the information hits the headlines, the market has already priced it in. The key is getting ahead of the crowd.

That’s where Dataminr has essentially cornered the market. The company leverages the power of perhaps the most effective real-time user-generated content platform in the world: Twitter.

Read the article from Equities.com
 

FORTUNE: How Investors Are Using Social Media to Make Money

7 Dec 2015:

“Hedge funds are increasingly using services like Dataminr to gather lightning-quick intel on social media.”

Today, Dataminr specializes in identifying black-swan events, or “unknown unknowns,” as Bailey calls them, before the market reacts. It uses machine learning and cross-references 30 other data sets—from maps to triangulate users’ locations, to patent data, to stocks’ movement—to identify tweets and trends with impact, based on unusual patterns and “clusters” of similar tweets.

Read the article from Fortune
 

Dataminr for News: An industry-changing product that was successfully created through a direct data partnership with Twitter

29 Apr 2015:

After a little more than a year since the launch of Dataminr for News, a product jointly developed by Dataminr and Twitter, we at Dataminr are thrilled that the product has exceeded all expectations.

Read the article
 

The new super tool of journalists and hedge funds just raised $130 million

17 Mar 2015:

Dataminr, the big data analysis tool beloved by journalists and hedge funds, has raised $130 million from an array of high-profile investors. Founded in 2009, Dataminr automatically trawls social media and other information sources using complex algorithms to identify potential significant or newsworthy posts, and then flags them for its clients in real time. It’s used on Wall Street, where having the edge on market-moving news — a fire on a factory, say, or a product recall — can make all the difference.

Read the article from Business Insider
 

Dataminr raises $130M in new funding

17 Mar 2015:

Dataminr CEO Ted Bailey and Telis Demos of The Wall Street Journal discuss the social-media analysis business.

Read the article from Fox Business
 

Dataminr Confirms $130M Raise To Take Its Social Media Data Analysis To New Verticals

17 Mar 2015:

“Twitter is a performative tripwire for events that happens around the world.”

For businesses that rely on external data to help make decisions or just know what is going on, this is a potential goldmine, but one that requires a lot of refining in order to extract the most valuable nuggets and to make the nicest ingots.

And that is where Dataminr comes into the picture, with algorithms that are used to filter social media services to pick up signals for developing stories.”

Read the article from TechCrunch
 

Tweet-Analysis Firm Dataminr Raises Funding

17 Mar 2015:

Dataminr Inc., which analyzes tweets and other information streams to create alerts for traders, reporters and government agencies, has raised $130 million from banks and institutions in a new private round…

Dataminr’s new investors include mutual-fund firms Fidelity Investments, which led the round, and Wellington Management Co., along with Credit Suisse Group AG’s CS Next Fund, Goldman Sachs Group Inc. and Glynn Capital Management, the company said. Venture-capital investors Venrock and Institutional Venture Partners also added to their stakes in the company.

Read the article from Wall Street Journal
 

Twitter place where information breaks: Dataminr CEO

17 Mar 2015:

Ted Bailey, Dataminr CEO & founder, explains how his company is able to profit from Twitter’s enormous data base.

Read the article from CNBC
 

Dataminr Raises $130 Million in Growth Capital from Leading Financial Industry Investors

17 Mar 2015:

I am excited to announce today that Dataminr has raised an additional $130 million in growth capital, a significant milestone on our path to becoming the world’s leading real-time information discovery company.

In securing new investments from leading members of the financial industry, institutions that range from Fidelity, to Wellington, to Credit Suisse, to legendary financial industry veterans like John Mack, former CEO of Morgan Stanley and Vikram Pandit, former CEO of CitiGroup, Tom Glocer, former CEO of Reuters; Noam Gottesman, founder of the hedge fund GLG; and Nicolas Berggruen, founder of the Berggruen Institute on Governance, and additional financial institutions including WorldQuant Ventures, Glynn Capital and Goldman Sachs; our company has the backing of some of the world’s premiere institutional and individual investors.

Read the article
 

Startups Mine Market-Moving Data From Fields, Parking Lots—Even Shadows

20 Nov 2014:

Dataminr’s systems categorize and analyze every single tweet in real time, weeding out spam and comparing information against news feeds, market prices, weather patterns and other data to determine its significance. The systems also check if a particular user has been reliable on certain topics in the past.

On Sept. 2, when independent journalist Brian Krebs tweeted that Home Depot “may be latest credit card breach victim,” Dataminr’s systems rapidly identified it as a “Notable Signal” for its clients.

The alert went out to subscribers—which include 60 banks and hedge funds—a full 15 minutes ahead of financial news wires and before a 2% decline in Home Depot’s share price.

“There is no way to ignore social media as a data set anymore,” said Ted Bailey, Dataminr’s chief executive. “A feed like Twitter has so much information, and there is certainly value hidden within it.”

Read the article from Wall Street Journal
 

Dataminr Announces the North American Launch of Dataminr for News

23 Sep 2014:

Dataminr, the leading real-time information discovery company, announced today the North American commercial launch of Dataminr for News, a product first announced earlier this year with CNN and Twitter. The Dataminr for News commercial release provides journalists with the most sophisticated technology for detecting and verifying breaking information on Twitter in real-time, and includes the launch of a new mobile application which delivers alerts to journalists wherever they happen to be. Dataminr for News also includes an integration into TweetDeck, a Twitter product widely used by many journalists across the industry, enabling Dataminr for News users to seamlessly receive their alerts in a dedicated TweetDeck column.

Read the article
 

Dataminr Scours Social Media for Hot News Tips

23 Sep 2014:

Earlier this year, several producers at CNN received an alert from a new digital news gathering tool that they were testing: A teenager in Los Angeles had posted a tweet saying that the pop music heartthrob Justin Bieber had been arrested.

CNN’s Los Angeles bureau followed up on the tip by calling the appropriate local precinct. The police confirmed that Mr. Bieber had just been arrested on burglary charges, but wanted to know how the cable news network could possibly have known that.

The answer is Dataminr, a software tool designed specifically to analyze billions of Twitter postings for patterns that could indicate breaking news. On Tuesday, Dataminr becomes commercially available to news organizations, some of which — like CNN and Gannett — have already been testing the software.

Read the article from NYT
 

An Infinitely Valuable Tweet

27 Aug 2014:

A passerby notices a fire at a refinery in Louisiana and tweets a picture. Eleven minutes before the news hits the wires, a tech startup called Dataminr fires off an alert to subscribers in the finance industry, who trade ahead of the news.

One client is known to have made legendary amounts of money trading on two alerts—one about the Boston Marathon bombing and another indicating that an AP tweet of a bombing at the White House, which had sent the market tumbling, was a hoax. Many of Mr. Bailey’s clients say his service pays for itself in a single trade. And, yes, it’s easy to see how a tweet that alerts a trader to an event that shortly will cause a big market move could be almost infinitely valuable.

Dataminr is dependent on its deal with Twitter providing live access to the Twitter “fire hose” of tweets going back to when Twitter’s service started.  Mr. Bailey admits to hearing from people who say of Dataminr, “What a great idea. What a great company, but if Twitter dies, who cares?”

“Twitter is not going to die,” he says. Dataminr is daily evidence of the value hidden in its data stream, a value not appreciated in the Facebook-style user-engagement metrics that Wall Street applies to the company.  “What makes Twitter Twitter that other data sets aren’t?” he asks. The ability to “surface unknown unknowns”—to bring to light new and unpredicted facts about the world, tapping users’ willingness to serve as on-the-ground “sensors” for breaking events.

Dataminr is already a success. The company’s clients represent more than $500 billion of assets under management. But its business model suggests almost infinite possibilities.

Read the article from Wall Street Journal
 

Dataminr has been named to the 2014 AlwaysOn Global 250 Top Private Companies List

8 Jul 2014:

This year’s AlwaysOn Global 250 winners represent leadership in global innovation, developing software and hardware solutions that are ushering in a new era of global prosperity. Each company was selected based on a set of five criteria: innovation, market potential, commercialization, stakeholder value, and media buzz.

Read the article from AlwaysOn
 

Wall Street’s Secret Weapon: Dataminr

20 Jun 2014:

At the intersection of big data and real-time information, Dataminr Chairman and CEO Ted Bailey told CNBC Friday that his start-up aims to make sense of the disparate Twitterverse to give finance clients a profitable edge…Using the recent siege on Iraq’s largest oil refinery by militants as an example, Bailey said: “We were able to detect that and alert our clients on Wall Street to that conflict and its potential disruption over six hours ahead any single other source they had access to.”

Read the article from CNBC
 

Dataminr is #13 on the 2014 CNBC Disruptor 50 Company List

17 Jun 2014:

In the second annual Disruptor 50 list, CNBC features private companies in 27 industries—from aerospace to enterprise software to retail—whose innovations are revolutionizing the business landscape. These forward-thinking upstarts have identified unexploited niches in the marketplace that have the potential to become billion-dollar businesses, and they rushed to fill them. In the process, they are creating new ecosystems for their products and services. Unseating corporate giants is no easy feat. But we ranked those venture capital–backed companies doing the best job. Already it’s hard to think of the world without them.

Read more about Dataminr: 13. Dataminr, Data-mining Twitter.

 

Read the article from CNBC Disruptor