Dataminr to acquire cybersecurity firm ThreatConnect for $290 million
Dataminr, a New York-based company specializing in real-time threat intelligence, announced plans Tuesday to acquire ThreatConnect, a cybersecurity threat intelligence provider, for $290 million.
The acquisition will combine Dataminr’s AI-powered analysis of public data with ThreatConnect’s internal threat management capabilities, creating what the companies describe as “Client-Tailored intelligence” that adapts to individual customer needs. The merged technology would analyze both external public information and internal client data to provide context-specific threat assessments.
“The future of Dataminr’s real-time intelligence will be more relevant and actionable than ever before — enabling our clients to not just understand what is happening, but what it means to them, and how they should respond,” Ted Bailey, founder and CEO of Dataminr, said in a release.
The deal represents a significant expansion for Dataminr, which has built its business on monitoring real-time events across text, images, video, audio, and sensor data from roughly 1 million public sources. The company processes information in 150 languages and serves more than 800 customers, including one-third of the Fortune 50 companies and 1,500 newsrooms.
Dataminr’s customer base includes more than 100 U.S. government agencies and 20 international governments. Earlier this year, it finished a five-year, $258 million contract with the U.S. Department of Defense and counts NATO and OpenAI among its clients.
Dataminr also announced in March that it raised $85 million through convertible financing and credit, led by NightDragon and HSBC, which the company characterized as pre-IPO funding.
ThreatConnect serves approximately 250 enterprise and government clients, including four of the world’s five largest technology companies and organizations such as Nike, Wells Fargo, and Wyndham Hotels. Government agencies in the United States, United Kingdom, and Australia also use the platform. The Arlington, Va.-based company, founded in 2011 as Cyber Squared Inc., employs 170 people.
The combined platform will initially focus on cybersecurity applications, merging Dataminr’s Pulse for Cyber Risk product with ThreatConnect’s threat prioritization and response automation capabilities. The companies indicated they plan to expand the technology beyond cybersecurity into physical and operational risk management.
The company recently added former CISA Director Jen Easterly as chair of its corporate advisory board.
