Dataminr, a data analytics company with clients such as NATO and OpenAI, raised $85 million in convertible financing and credit. This new funding, announced in March 2025, will help the company expand its international market presence and develop additional products for various industries. It follows a previous $475 million round in 2021, which valued the company at $4.1 billion, although Dataminr has faced setbacks, including laying off 20% of its staff in late 2023.
The raised funds come from a pre-IPO financing round led by security-focused venture capital firm NightDragon and HSBC.
These funds will be used to support Dataminr’s growth trajectory and expand its market reach in Europe, the Middle East, and Asia. NightDragon also created a special-purpose vehicle (SPV) for another $100 million in funding from affiliates and partners, which allows multiple investors to pool resources for larger investments.
Founded in 2009, Dataminr provides real-time event monitoring services for crisis management, offering tools that process text, images, audio, and sensor data. The company serves over 800 customers, including Fortune 50 companies, newsrooms, and the U.S. Department of Defense, and is approaching $200 million in annual recurring revenue. Despite its success, Dataminr has faced controversy, including reports that it provided social media surveillance to U.S. Marshals and police departments during protests.
Dataminr has been accused of using its technology for surveillance during protests like Black Lives Matter and providing inaccurate information in the past. However, the company defends its technology, stating that it doesn’t allow customers to pinpoint an individual’s location on a map. Dataminr continues to improve its AI technology to enhance security across various sectors, including federal government and humanitarian missions at the United Nations.
