Pandit, Mack Among Investors as Dataminr Raises $130 Million

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Vikram Pandit and John Mack, the former chief executive officers of Citigroup Inc. and Morgan Stanley, are among investors who provided $130 million in capital to Dataminr, a company that analyzes Twitter posts to provide clients with news.

Goldman Sachs Group Inc., Fidelity Management and Research Co., GLG Partners’ Noam Gottesman, billionaire Nicolas Berggruen and Tom Glocer, former CEO of Thomson Reuters Corp., also are investors, the New York-based company said Tuesday in a statement.

Dataminr serves Wall Street customers looking for an investing edge and also government clients seeking early warnings on disasters. The company was founded in 2009 and has more than 150 newsrooms, Chief Executive Officer Ted Bailey said in a blog post.

“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,” Bailey said in the statement.

Dataminr competes with Bloomberg LP in providing real-time news to financial companies.

(Updates with CEO comment in fourth paragraph.)
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