Dataminr Secures $100M Investment from Fortress for AI Expansion
Dataminr has announced the closing of a $100 million convertible financing from funds managed by affiliates of Fortress Investment Group, announced in a press release. This investment aims to accelerate the company's Gen AI and Agentic AI product innovation and expand its reach to enterprises and governments worldwide.
Ted Bailey, Founder and CEO of Dataminr, expressed enthusiasm about the partnership with Fortress, highlighting the potential to leverage Fortress's experience to enhance Dataminr's capabilities in providing real-time information solutions. The funding will support Dataminr's efforts to expand its enterprise sales and marketing capabilities, targeting the Global 2000 and beyond.
Dataminr's AI platform, known for its real-time event detection capabilities, is powered by over 50 proprietary large-language models and multi-modal foundation models. The company plans to use the new capital to fuel growth in its corporate enterprise business line, international expansion, and the development of new applications across additional verticals.
We hope you enjoyed this article.
Consider subscribing to one of several newsletters we publish. For example, in the Daily AI Brief you can read the most up to date AI news round-up 6 days per week.
Also, consider following us on social media:
Subscribe to Daily AI Brief
Daily report covering major AI developments and industry news, with both top stories and complete market updates
Trend report
Cybersecurity Trends Report 2025
The Cybersecurity Trends Report 2025 by Netwrix Research Lab provides insights into how organizations are adapting their cybersecurity strategies amidst growing AI adoption. The report, based on a survey of 2,150 IT professionals from 121 countries, highlights key trends such as the increase in hybrid IT environments, AI-driven security challenges, and the rising costs of security incidents.
Read more