Dataminr Raises $30M in New Funding Round Led by Venrock and IVP
Social media analytics company Dataminr in New York announced today it raised $30 million in a funding round led by Institutional Venture Partners and Venrock.
Dataminr, founded in 2009, uses Twitter’s firehose of public tweets to analyze events happening around the world and identify trends on behalf of customers in financial services and government. The company said it plans to use the new funding to grow in its current markets and for expansion into new segments.
Web monitoring and analytics has become a crowded and competitive field, with companies such as Palantir, Recorded Future, Quid, Crimson Hexagon, and Lexalytics all making significant progress.
Last September, Dataminr raised $13 million in a Series B round from Deep Fork Capital, GSV Capital, Wharton Equity Partners, Viceroy Capital, and others.