The world is changing bit by bit every single day, and some of those changes are more drastic than others. Private tech company Dataminr is working to keep people informed and notified of high-impact events — such as the emergence of the COVID-19 pandemic — as soon as they happen. The company announced the completion of its Series F funding round, bringing it up to a $4.1 billion valuation.
Dataminr’s AI-powered info discovery platform scrounges for information across more than 100,000 publicly available data sources. It provides customers with real-time insights on new developments and ongoing events by detecting digital patterns and information from public data signals as new events emerge. Dataminr offers solutions for enterprises, news outlets and the public sector.
Its enterprise offering, Dataminr Pulse, has grown to serve businesses across several industries, including physical safety and security, risk mitigation, crisis management, business intelligence and cyber threat detection. Now, as it’s seen increased demand for its product, Dataminr is looking to expand its international presence and further private and public-sector sales. The company is also preparing to file an IPO in 2023, as reported by TechCrunch.
“This pre-IPO financing round will allow us to rapidly expand our public data sources, broaden the scope of our pioneering AI platform, and grow our sales and marketing operations to keep up with increasing product demand worldwide,” Ted Bailey, Dataminr’s founder and CEO, told Built In via email. “A primary focus will be on the corporate market, which has doubled in revenue growth three years in a row and is poised to continue this trend.”
Investors in the company’s Series F raise include Eldridge, Valor Equity Partners, MSD Capital, Reinvent Capital, ArrowMark Partners, Eden Global Partners and others.
Currently, Dataminr is hiring across all departments across its seven global offices, Bailey said. Its site lists availability for remote and in-person roles in sales, marketing, information technology, engineering, artificial intelligence and more.
