Dataminr secures $13m in series B funding

The company, an accredited Twitter partner, says it received new investment from several institutional investors, and also secured additional sums from existing series A investors from within the financial industry. It will now use the financing to drive new client acquisition and technology innovation.

Dataminr is staffed by former employees of Morgan Stanley, Goldman Sachs, Merrill Lynch, Reuters, the US Department of Defense and the US Department of State.

The company offers clients a set of modular web-based desktop products aimed at turning social media streams into early warning systems for market-relevant information, noteworthy events, and emerging trends.

“Dataminr effectively integrates social media into the daily investment process of the institutional financial professional,” said Ted Bailey, founder and CEO.