News Summary

Dataminr, a New York-based analytics company, has secured $85 million through convertible financing and credit, led by NightDragon and HSBC. This funding will support Dataminr’s international expansion in Europe, the Middle East, and Asia, as well as the development of new products in various verticals. The company, founded in 2009, uses AI to monitor real-time global events, aiding response in crisis situations. Despite its success, Dataminr has faced criticism over its social media surveillance practices. The new funding aims to boost growth trajectory and enhance its AI platform.