Dataminr to Discuss Funding at Over $3.6 Billion Valuation
- Morgan Stanley, Goldman, Credit Suisse backed company
- Firm has also raised funds from Fidelity, IVP, Declaration
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Dataminr, an artificial-intelligence platform that makes use of sources such as Twitter to send breaking news alerts, is in talks to raise new funding at a valuation of more than $3.6 billion, according to people with knowledge of the matter.
The New York-based company is poised to more than double its 2018 valuation of $1.6 billion in the new funding round, which is set to feature participation from some existing investors, the people said. Terms, including the size of the capital raise, haven’t been finalized and it’s possible they could change.