Real-time artificial intelligence (AI) firm Dataminr said it closed a $100 million convertible financing from funds managed by affiliates of Fortress Investment Group.
The New York-based firm said the proceeds, which follow an $85 million convertible and credit facility secured in March from NightDragon and HSBC, will be used to accelerate sales to Global 2000 corporations and government agencies, expand its international footprint and develop new applications across additional verticals.
Ted Bailey, Dataminr’s founder and chief executive officer, said Fortress’s experience as a lifecycle investor would help the company “turbocharge” its Gen AI and Agentic AI capabilities to enhance real-time information services for enterprise and government clients.
Rishi Doshi, a managing director at Fortress, highlighted Dataminr’s ReGenAI feature, which automatically refreshes live event briefs, and said the firm’s Agentic AI products can extract actionable intelligence from public data to support mitigation strategies.
Eric Spector, another Fortress managing director, added that Dataminr’s fast, accurate alerts are increasingly “table-stakes” for organisations responding to physical, digital, and cyber threats.
Dataminr, which approaches $200 million in annual recurring revenue, counts two-thirds of the Fortune 50, half of the Fortune 100, and more than 100 U.S. government agencies among its customers.
The platform employs over 50 proprietary large language and multi-modal models to fuse text, image, video, sound, and sensor data across millions of sources in real time.
In 2024, the company launched ReGenAI and plans to roll out Context Agents, which dynamically add client-specific context around breaking events, and PreGenAI, a predictive intelligence tool, in the coming months.
Over the past year, Dataminr appointed Brian Gumbel, formerly of Armis, as president and chief operating officer to oversee sales and marketing, and Matthew Harrell, ex-Cloudflare and Google channels lead, as chief partner officer to expand its partner ecosystem.
Dave DeWalt, founder and CEO of NightDragon, welcomed Fortress as a new partner, noting its resources will help broaden enterprise adoption of Dataminr’s AI platform amid rising geopolitical tensions, economic instability, and cybersecurity risks.