Dataminr, a venture backed data analytics firm that analyzes Twitter posts and other public sources to provide real time information to news sources, investment banks and the government, recently announced that it has raised an additional $130M, adding to its initial funding of $180M.
Founded in 2009 by two Yale roommates, Dataminr started offering its services to the investment world, providing real-time information to assist with investment decisions. It has expanded to news organizations and governments which need real time information about potential disasters.
Monetizing social media data has exploded in recent years, which underscores the value of the data. This trend will only continue as new and advanced technology is developed to mine and analyze datasets to repurpose it in the market. We will continue to report on significant deals and funding in the data analytics and technology spaces.