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Dataminr Raises $475m in New Funding Round

The Telegraph reports on Dataminr's $475 million financing round at a $4.1 billion valuation
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Dataminr, a US firm that uses artificial intelligence to detect high-impact events, has raised $475m (£344.45m) in a new funding round that values the company at $4.1bn.

Eldridge, Valor Equity Partners, MSD Capital, and Reinvent Capital were among the backers. The new funds will be used to expand into Europe and the Asia Pacific region.

Ted Bailey, the chief executive of Dataminr, said the company had an "unparalleled ability" to predict breaking events.

“Today, more than half of the Fortune 50 rely on Dataminr, and this additional capital will enable the company to accelerate client growth, both in the US and abroad, as organisations seek to equip themselves with the fastest, most comprehensive, and most accurate real-time information," he said.

“Dataminr will use this new capital to pursue its mission of integrating all available public data signals to create the leading event and information discovery platform for the world’s businesses and public sector organisations.”

-- This article was originally published by The Telegraph --