Dataminr raises $85M in new funding round

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7 hours ago

Summary

Dataminr raises $85M, uses AI algorithms for data analysis, and provides real-time insights to customers including two-thirds of Fortune 50 companies

Key Points

Dataminr monitors real-time events around the world using AI algorithms
The company serves over 800 customers, including two-thirds of Fortune 50 companies, and has a five-year contract with the U.S. Department of Defense
Dataminr has raised $1.1 billion in venture capital and debt prior to this new funding round

Why It Matters

The funding will enable Dataminr to expand its international presence and accelerate its growth trajectory, making it a significant development in the data analytics industry.

Author

Kyle Wiggers

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