Dataminr Raises $30 Million In Series C
Dataminr is a real-time social media analeptics company that helps extract value from clients in the government and finance sectors. Dataminr services the buy-side and sell-side financial firms along with municipal and federal clients in the government sector. Dataminr created a suite of modular desktop and API products that can turn social media streams into actionable signals.
Dataminr has raised $30 million in a Series C round of funding. This round of funding was led by Venrock and Institutional Venture Partners (IVP). Dataminr has raised a total of $46.5 million in funding.
Dataminr runs through millions of tweets per day and then pinpoints important tweets from notable sources.
Founded in 2009, Dataminr was founded by former Yale University classmates Ted Bailey, Sam Hendel, and Jeff Kinsey. These data scientists, engineers, and PhDs previously worked at large data companies like IBM, Bloomberg, Google, and Motorola.