US-based Dataminr has secured $130m in a series D round led by financial services group Fidelity that also included financial services firm Credit Suisse, TechCrunch has reported.
Fidelity and Credit Suisse, which invested through its Credit Suisse Next Investors subsidiary, were joined by Wellington Management Company, Venrock, Institutional Venture Partners (IVP) and angel investors John Mack, Vikram Pandit, Tom Glocer, Noam Gottesman and Nicolas Berggruen.
Founded in 2009, Dataminr’s technology studies content posted on social media platforms like Twitter in real time, sourcing data that can inform it about developing trends or stories.
Ted Bailey, co-founder and CEO of Dataminr, said: “This capital will enable our company to meet the tremendous global demand for our products, expand into a number of new markets, and integrate valuable new datasets into our algorithmic engine to enhance our Twitter-based signals and broaden our offerings.”
Dataminr has now raised approximately $180m in total, having received $30m in 2013 from Venrock, IVP, GSV Capital, Deep Fork Capital and Wharton Equity Partners. Its other investors include WorldQuant Ventures, Glynn Capital and Goldman Sachs.