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Dataminr raises $475 million t...

BIG DATA

Dataminr raises $475 million to fund big data platform expansion

Dataminr raises $475 million to fund big data platform expansion
The Silicon Review
24 March, 2021

Dataminr, a New York-based company specializing in big data analytics that provides real-time information to its customers, has announced that it has raised $475 million at a post-money valuation. The firm has said that this capital will accelerate and transform the growth of its corporate business line that spans physical safety and security, reputation risk, business intelligence, cyber threat detection, and business intelligence.

Dataminr also plans to invest across the globe, helping the firm expand its private and public sector sales footprint across Europe and the Asia Pacific regions. The firm aims to boost its marketing strategies using data analytics which is considered the science of analyzing raw data. This move will increase the company's revenue, personalize their data content from the bottom line, and will enable them to understand their customers in a better way.

The firm performs trillions of daily computations across billions of public data inputs in more than 150 languages. Now the firm aims to develop big data products targeting businesses, the public sector, and newsrooms. The firm plans to introduce robust techniques such as natural language processing, computer vision, audio processing, and anomaly detection using big data in real-time.