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Analytics company Dataminr secures $85M to fund growth
Dataminr, a data analytics company, has raised $85 million in a combination of convertible financing and credit.
“The new capital will allow Dataminr to accelerate its growth trajectory, [and] provide investors with a discount to the IPO price or subsequent round of financing,” CEO Ted Bailey told TechCrunch. Bailey added that the new tranche, which was led by security-focused VC NightDragon and HSBC, is “pre-IPO convertible financing” and doesn’t set a valuation. Image Credits: DataminrDataminr, which Bailey founded in 2009 alongside fellow Yale graduates Sam Hendel and Jeff Kinsey, monitors real-time events around the world.
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