How to invest in Dataminr stock pre-IPO
While a lot of AI attention has been paid to how companies are racing to build the most powerful models for widespread usage, there's plenty of smaller AI-focused companies that have carved out their own niches.
One example is Dataminr, which focuses on real-time event, threat, and risk intelligence. Long before AI became so mainstream, Dataminr had been incorporating AI into its platform, having filed a patent in 2010 for using natural language processing and machine learning to detect events in micro blogs.4
Founded in 2009, the company reached unicorn status in 2018 and hit a peak primary funding round valuation of $4.1 billion in 2021.5 At that time, Dataminr was gearing up to IPO in 2023.6 However, the tech IPO market has faced some difficult conditions in recent years,7 and 2023 came and went without a Dataminr IPO.
In fact, Dataminr laid off about 20% of its staff in 2023, with TechCrunch reporting an internal memo citing the reasons being a mix of the economy, operational efficiency, and AI advances.8
Still, the company has plans to go public. In 2024, the company's then-recently-hired COO, Brian Gumbel, told CRN that he thinks there will be an opportunity to go public when the time is right.9 Also, when announcing the hiring of Tiffany Buchanan as CFO in June 2025, Dataminr noted that she will help accelerate public market readiness and has a history of doing so, having helped to take cybersecurity company CrowdStrike public.10
That said, no specific IPO date has been announced. And while conditions could change, Dataminr's valuation has seemed to tumble in recent years, with Forge data suggesting a current valuation of just under $1 billion.11
Yet interested, qualified investors may have their own optimistic views on the company’s future prospects and may be able to explore potential opportunities to transact in Dataminr shares pre-IPO on a private marketplace such as Forge (subject to availability and applicable eligibility requirements). Unaccredited investors may also be able to get indirect exposure through other assets, as we'll examine in this post.
Dataminr: Company background
Dataminr, based in New York,12 was founded in 2009 by Yale alumni Ted Bailey, Jeff Kinsey, and Sam Hendel.13 Bailey was influenced by the events of 9/11, noticing that there were gaps in real-time information that might have helped more people evacuate. So, he wanted to create a system that would provide that critical information.14
The company then rose to fame by claiming to send out the first alert in the financial industry on the death of Osama Bin Laden — a market-moving event15 — based primarily on Twitter activity, before official confirmation came in.16
Since then, Dataminr has continued to incorporate AI into the platform in new ways, such as with a ReGenAI capability that uses generative AI to automatically regenerate briefs as new information comes in.17 And the platform's ability to pull in real-time signals has vastly expanded, now leveraging over one million unique public data sources.18
In addition to serving customers such as newsrooms, public sector agencies, and large enterprises looking for corporate physical security alerts, Dataminr has made a big push in recent years to provide cybersecurity solutions.19 In October 2025, the company agreed to acquire cyber threat intelligence platform ThreatConnect for $290 million.20
Dataminr stock and funding history
Forge Data as of 02/04/2026
Dataminr has raised over a billion in primary round funding since its founding in 2009. That started with a Series A in 2010 that raised around $3.4 million at an $11.4 million valuation and a $0.50 stock price.21
About two and a half years later, in 2012, the Dataminr Series B raised around $11.3 million at almost a $66 million valuation and a $2.21 stock price. The following year, Dataminr's valuation more than doubled to about $156.5 million, from its Series C that raised about $34.7 million at a $3.65 price per share.22
In 2015, Dataminr took an even bigger step forward, raising over $114 million for its Series D, bringing its valuation to over $704 million and its stock price to $12.75. Its next round came over three years later in 2018, but this Series E propelled Dataminr into unicorn status. This round raised about $396.5 million at a $1.6 billion valuation and brought Dataminr's stock price to $19.90.23
Nearly three years later, Dataminr held its most recent primary funding round in 2021, when its Series F raised $475 million, bringing its valuation all the way to $4.1 billion and its stock price to $44 per share.24
However, Dataminr's Forge Price has since stumbled to $8.93, implying a valuation of around $832.2 million — less than its 2018 Series E level.25
Forge Data as of 02/04/2026
Forge Price is a derived data point that reflects the up-to-date price performance of venture-backed, late-stage companies, and is calculated based on a proprietary model incorporating pricing inputs from primary funding round information and secondary market transactions on Forge.
Dataminr has also raised some funding outside of these primary funding rounds.
For one, in March 2025, Dataminr announced raising $85 million in convertible financing and credit at an undisclosed valuation. The funding was led by NightDragon and HSBC in what CEO Bailey told TechCrunch was "pre-IPO convertible financing."26 The agreement also included NightDragon creating a special-purpose vehicle (SPV) that could invest up to $100 million more in convertible financing that would be available to third-party investors.27
About a month later, Dataminr announced it also raised $100 million in convertible financing from funds managed by affiliates of Fortress Investment Group.28
Over the years, Dataminr has also raised money from a wide range of venture capital firms and other asset managers such as GSV Capital, Venrock, IVP, Valor Equity Partners, Eldridge, Credit Suisse, Goldman Sachs, and Morgan Stanley.29
How to buy Dataminr stock
While Dataminr has expressed interest in going public eventually, for now its stock is not for sale to the general public. However, accredited investors may be able to identify potential trading interest in Dataminr stock through Forge's next-generation marketplace for private market trades, subject to availability.
Forge's technology and relationships help facilitate the trading of private company shares in companies like Dataminr, along with other private market tech companies.
For indirect exposure, accredited investors could also explore other alternatives such as looking at private market shares in other types of data/AI companies like:
- SambaNova Systems: Provides a holistic AI platform across areas like hardware, software, and models
- SandboxAQ: Uses large quantitative models (LQMs) instead of LLMs to try to tackle problems in scientific contexts like healthcare and cybersecurity
- DataRobot: Provides a platform for implementing enterprise AI, such as for building and managing AI agents
- ThoughtSpot: Offers an AI-powered alternative to traditional business intelligence (BI) tools
Who can invest in Dataminr pre-IPO?
Investment in a non-public company like Dataminr is typically limited to accredited investors, due to U.S. regulations that generally restrict the offer and sale of private company securities to such investors.
Some large accredited investors, such as VC funds and certain high-net-worth individuals, may be able to invest in Dataminr if selected to participate in primary funding rounds or strategic investment partnerships. Smaller accredited investors may choose to purchase Dataminr stock through a private stock marketplace like Forge, subject to the availability of shares.
Where to buy pre-IPO Dataminr stock
While pre-IPO Dataminr stock is not for sale to the general public, accredited investors may be able to find shares for sale through a private marketplace such as Forge for private market trading.
Through Forge, you can access Dataminr's Forge Price, which provides real-time transparency by synthesizing data from various sources, including secondary market transactions, recent funding rounds and active bids and asks on Forge.
These contextual pricing insights are intended to provide private market investors with additional background when reviewing or negotiating an existing ask, or see if they would like to create a new bid for Dataminr shares.
Potential indirect exposure for Dataminr for non-accredited investors
While retail investors may be able to invest in Dataminr if it eventually goes public, for now, direct pre-IPO investment in Dataminr is generally limited to accredited investors. However, there are publicly available investment options that may provide exposure to broader trends in the AI or broader tech sectors, which could, in turn, impact companies like Dataminr.
The following are general categories of publicly traded companies that operate in areas related to Dataminr:
1. Publicly Traded AI Companies
There are many publicly traded AI companies, ranging from chipmakers like Nvidia and AMD, to software companies like Palantir Technologies and UiPath. There's also more diversified tech giants that are heavily involved in building out AI capabilities, such as Alphabet and Meta. So, the level of overlap with Dataminr varies based on which companies you might decide to invest in, but in general, there could be some correlation based on how the AI market performs overall. Still, performance may vary significantly in some cases, depending on whatever market conditions and internal operational choices unfold.
2. Publicly Traded Cybersecurity Companies
Given Dataminr's push into cybersecurity, and considering the real-time alerting nature of many cybersecurity platforms, there could be some overlap with Dataminr. Some examples of publicly traded companies that you could explore include CrowdStrike, Fortinet, and Palo Alto Networks. Still, these types of companies may only partially overlap with Dataminr. Even those that share more similarities may have differing performance depending on factors like how these companies fare in competing for customers and optimizing capital.
3. Broader Tech Sector Funds
In addition to investing in AI or cybersecurity companies, retail investors might look for broader tech exposure by allocating to ETFs or mutual funds that hold a range of companies in areas like AI, cloud computing, and other innovative areas like robotics and quantum computing. These funds might have varying degrees of overlap with Dataminr, so investors have to weigh what level of indirect exposure to Dataminr they want vs. more diversified tech exposure.
How to analyze Dataminr stock
Private companies generally do not face the same disclosure requirements as public companies, which can make analyzing Dataminr stock challenging.
However, you can look at the financial data that has been publicly disclosed, such as with COO Gumbel telling CRN in 2024 that Dataminr was approaching a $200 million revenue run rate and expressing his view that the company could eventually be a multi-billion-dollar revenue company.
So, investors might compare this data to similar types of companies involved in areas like AI and real-time alerts. That, combined with reviewing Dataminr's valuation data across its funding rounds and its current Forge Price, could help investors determine how Dataminr's stock compares to similar private companies listed on Forge's private stock marketplace.
In addition to looking at real-world market signals informing Dataminr's current Forge Price, investors can discover other available investments and review market interest signals in real time. Seeing how other AI-, data-, and/or cyber-related companies are trading on Forge which could be used as context to determine what seems like a fair valuation for Dataminr. There also might be some parallels to draw with public market tech companies.
Still, even when looking at what Dataminr has disclosed and the real-time pricing insights on Forge, private market stocks are generally more opaque than public market ones. So, there can be more subjectivity involved in analyzing Dataminr stock, along with the valuations of other private market companies (while recognizing the limitations inherent in private market data).
Get started investing Dataminr on Forge
To explore investing in Dataminr pre-IPO, if and when shares become available, start by creating a free Forge account. Forge operates a leading marketplace that seeks to connect accredited investors with shareholders of private company stock.
After verifying your accreditation, you may gain access to tools and insights intended to support your experience in the private market, including active private market opportunities and a platform experience designed for independent investors. If you're unfamiliar with the process, our buyer’s guide aims to offer a helpful starting point. And should you need additional support, Forge’s knowledgeable team is available to assist.
Sample of active market opportunities available on Forge marketplace as of 02/04/2026
FAQs about investing in Dataminr
Where do I buy Dataminr stock?
For now, Dataminr remains a private company, so its stock is generally limited to accredited investors. If eligible, however, you may be able to buy and sell Dataminr stock through a private marketplace such as Forge.
Who can invest in Dataminr?
Typically, only accredited investors can invest in private market companies like Dataminr. This can include institutional investors such as VC firms that might participate in primary funding rounds, as well as high-net-worth individuals who may qualify to trade private market stocks in companies like Dataminr, subject to availability, through a secondary marketplace such as Forge. If it eventually conducts an IPO, then the general public would be able to invest in Dataminr.
Who are Dataminr's competitors?
Dataminr has different types of competitors for the various market segments it serves, but some examples of other companies providing certain types of real-time alerts include AlertMedia, Everbridge, Genasys, and Palantir Technologies.
