Dataminr raises $130M in new funding

Dataminr raised $130 million in growth capital as new institutional investors and former corporate chiefs joined the ranks of those backing the company that analyzes Twitter posts to provide news to its clients.

Goldman Sachs, WorldQuant Ventures, Glynn Capital, Wellington Management, and Credit Suisse NEXT Investors were among the institutional backers who invested, New York-based Dataminr said in a statement Tuesday.

High-profile individual investors included former Citigroup CEO Vikram Pandit, former Morgan Stanley CEO John Mack, former Reuters CEO Tom Glocer and Noam Gottesman, founder of the GLG hedge fund, the company said.

The new backers joined previous Dataminr investors Venrock and Institutional Venture Partners.

"This capital will enable our company to meet the tremendous global demand for our products, expand into a number of new markets and integrate valuable new datasets into our algorithmic engine to enhance our Twitter-based signals and broaden our offerings," Dataminr CEO and founder Ted Bailey said in a statement issued with the funding announcement.

Founded in 2009, Dataminr uses proprietary algorithms to analyze the billions of tweets posted by Twitter users and identify breaking news, emerging trends and other happenings. The company checks the results against market prices and news feeds and provides updates to its clients in government, finance and media organizations, including Paste BN.

"Twitter really is the nervous system of the Internet ...the place where information breaks," Bailey said during a Tuesday interview on CNBC's Squawk Box morning news program.