Dataminr Secures $475 Million at $4.1 Billion Valuation Ahead of 2023 IPO
Dataminr raises a massive $475 million Series F round to expand its real-time public data insights platform, pushing its valuation to $4.1 billion as it prepares for a 2023 public listing.
Dataminr raises $475 million in a Series F funding round that values the real-time data analytics company at $4.1 billion. The New York-based startup ingests information from 100,000 public data sources to provide critical event insights to its clients. This massive investment brings the company's total outside funding to over $1 billion and represents a significant increase from its previous $1.6 billion valuation in 2018.
A prominent group of investors participates in this round, including Eldridge, Valor Equity Partners, MSD Capital, and Reid Hoffman's Reinvent Capital. Founder and CEO Ted Bailey states that the company plans to use the new capital to add more corporate customers, expand international sales, and grow its AI platform. The company ultimately secures a higher valuation than recent rumors predict as it prepares for a likely IPO in 2023.
Dataminr experiences a massive surge in business as global events create urgent demand for its services. Its enterprise customer base currently includes half of the Fortune 50 and various large public sector organizations, with this segment doubling in revenue growth over the past year. Clients rely on the platform for physical safety, reputation risk management, crisis response, business intelligence, and cybersecurity.