Dataminr Secures $100M from Fortress to Boost AI Innovation and Global Expansion

Whats Happening:

Dataminr, a leading AI company, has secured a $100 million convertible financing from Fortress Investment Group. This investment will fuel Dataminr's development of Gen AI and Agentic AI capabilities, as well as expand its reach to enterprises and governments worldwide. The funding comes on the heels of strong company growth and recent AI innovations.

Key Moves:

• Dataminr secures $100 million convertible financing from Fortress Investment Group

• Funding to accelerate Gen AI and Agentic AI product innovation

• Investment aims to expand Dataminr's reach to enterprises and governments globally

By The Numbers:

• Dataminr is approaching $200M in ARR

• Customers include two-thirds of the Fortune 50 and half of the Fortune 100

• Dataminr's AI platform is powered by over 50 proprietary LLMs and multi-modal foundation models

Key Quotes:

• "We are excited to welcome Fortress as a new investor, and excited by the experience the firm brings as a lifecycle investor," said Ted Bailey, Founder and CEO of Dataminr.

• "Through this investment, we are excited to partner with Dataminr and support the company's development of Agentic AI capabilities," said Rishi Doshi, Managing Director at Fortress.

• "Dataminr is leading the way on AI innovation and helping the world's leading organizations and governments make smarter, more informed decisions in real-time," said Dave DeWalt, Founder and CEO of NightDragon.

Bottom Line:

Dataminr's $100 million investment from Fortress underscores the growing demand for real-time AI solutions in enterprise and government sectors. With its innovative AI platform and expanding capabilities, Dataminr is well-positioned to capitalize on the opportunities in the Gen AI and Agentic AI space, potentially reshaping how organizations handle real-time information and decision-making.

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