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SatiricTech

Dataminr Cashes In Another $85M, Because Apparently Money Grows on Data Trees

AI, Enterprise, Security, dataminr, HSBC Ventures, NightDragon

In a shocking turn of events that has absolutely no one surprised, Dataminr, the data analytics behemoth that somehow convinced NATO and OpenAI to pay for their services, has secured yet another $85 million. This time, the money comes in a dazzling mix of convertible financing and credit, because who doesn't love a good financial cocktail?

This latest cash injection is but a drop in the ocean for Dataminr, which, in 2021, decided to casually close a $475 million funding round like it was no big deal. With a valuation that soared past $4.1 billion, Dataminr has been riding the wave of data analytics like a pro surfer, except instead of waves, it's riding on the tears of competitors who can't figure out how to turn data into gold.

What does one even do with $85 million? Buy an island? Launch a space program? Or, in Dataminr's case, probably just add another zero to their already incomprehensible valuation. The company, known for its cutting-edge AI that can predict trends faster than a psychic with a crystal ball, has not disclosed specific plans for the new funds. But we can only assume they're going to invest in something groundbreaking, like a coffee machine that uses AI to predict when you'll need your next caffeine fix.

Critics of the funding round have been quick to point out that Dataminr's latest cash grab might be a sign of the apocalypse. 'First, they convince the world that data is the new oil, and now they're just printing money. What's next? A Dataminr-branded cryptocurrency?' asked one anonymous analyst, who probably works for a competitor.

Despite the naysayers, Dataminr continues to grow at a pace that would make even the most ambitious tech startups blush. With a client list that reads like the guest list for a G7 summit, the company shows no signs of slowing down. So, here's to Dataminr, the unstoppable juggernaut of the data world, proving once again that in the land of tech, cash is king, and data is the queen.

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