Twitter partner Dataminr teams up with CNN to develop ‘breaking news’ product

Dataminr is a real-time information discovery company founded in 2009 by Ted Bailey, Jeff Kinsey and Sam Hendel. Dataminr has been Twitter’s partner since 2011. It transforms the public Twitter stream into actionable alerts, identifying relevant information in real-time for clients in finance, news and the public sector. Dataminr has been working closely with CNN to develop Dataminr for News and made the announcement yesterday.

“When news breaks, it can be minutes or even hours before newsrooms begin to report. Now with the help of CNN and Dataminr, Twitter can be used to close that critical gap between the eyewitness wanting to be heard and the journalist who wants to listen,” writes Vivian Schiller, Head of news at Twitter. The same proprietary pattern-recognition algorithms behind Dataminr’s finance and public sector products is used for Dataminr for News. The product will deliver a customizable set of alerts directly into the user’s existing work flow.

Dataminr

“Dataminr’s technology represents some of the best real-time Twitter analysis we’ve seen. Its ability to identify critical Tweets almost immediately makes it a great tool for news organizations. The announcement is an exciting step not only for Twitter in the newsroom, but also for the broader Twitter ecosystem,” says Jana Messerschmidt, VP of Business Development and Platform Relations, Twitter.

Using this product, journalists will be able to set targeted alerts for certain types of breaking information which are then delivered automatically via application, email, pop-up, even instant message, depending on a user’s preference. Dataminr for News can be customized depending on a user’s particular topics of interest and regions of focus and can also be directly integrated into existing internal client systems. It is an enterprise product that will also offer a broad range of follow-on real-time analytics to contextualize and verify information. Dataminr for News will be available to all news agencies globally later in 2014.

Dataminr has offices in New York City and Washington DC with over 60 employees. Its financial product is on the desktop at over 50 financial firms with over $500B in combined assets under management. Dataminr also services a number of clients in the public sector and has raised $50M from Venrock and Institutional Venture Partners.

More about the product here

Jubin Mehta

Jubin Mehta

Jubin is an old timer at YourStory. Deeply entrenched in the Indian startup ecosystem, he has written about more than 1000 startups. With an engineering background and a keen interest in data analysis, his passion for writing and entrepreneurship makes him a perfect match for Yourstory. He operates from the mountains in Dharamshala where he also runs a hackbase. He can be reached on Twitter @jub_in and on mail at jubin@yourstory.com