Participated · Series C · Oct 2021

Founded in 2015, Fabric builds and operates dozens of compact, automated storage facilities that hold fast-moving inventory for retail partners. Orders placed through a partner’s app are routed to the nearest Fabric site, where robots pick items and couriers handle last-mile delivery, allowing customers to receive goods in as little as an hour. The company emphasizes its proprietary automation technology, claiming it is the core differentiator behind its rapid fulfillment capabilities. While Fabric initially targeted general e-commerce items such as electronics and household goods, it now concentrates on groceries and other edibles where delivery speed is critical. The startup reported a peak throughput of 600 orders per day from a single location. In its most recent fundraising, Fabric raised $200 million, bringing its valuation to approximately $1 billion. These funds give the company significant capital to expand its micro-fulfillment network across additional U.S. metropolitan areas and further develop its robotics platform.

Participated · Equity · Jun 2013

Dataminr develops real-time, AI-powered intelligence products designed to help governments and corporations navigate physical, digital, and cyber threats. Its technology includes a ReGenAI capability and a focus on Agentic AI to derive actionable intelligence from public data. The company plans to use new capital to advance its corporate enterprise business line, support international expansion, and build new applications across additional verticals. Dataminr has made recent senior hires—naming Brian Gumbel President and COO and Matthew Harrell Chief Partner Officer—to scale sales, customer success, and its partner ecosystem. In March 2025 Dataminr announced $85 million in convertible and credit funding from NightDragon and HSBC, and it has since closed a separate $100 million convertible financing from funds managed by affiliates of Fortress Investment Group. Company statements emphasize growing demand from governments and corporations for accurate, real-time information and the opportunity to commercialize Agentic AI capabilities. Dataminr operates an AI-driven platform that crawls text, images, video, audio and sensor data to generate real-time event briefs and alerts for corporate and government customers. The company serves over 800 customers, including two-thirds of the Fortune 50 and 1,500 newsrooms, and is approaching $200 million in annual recurring revenue. Dataminr holds a five-year, $282 million contract with the U.S. Department of Defense. Management said the firm “doubled down” on AI after a November 2023 round of layoffs that cut about 20% of staff. The new capital is intended to accelerate growth, expand international go-to-market efforts in Europe, the Middle East and Asia, and fund additional products in new verticals. Dataminr was founded in 2009 by Ted Bailey, Sam Hendel and Jeff Kinsey and is based in New York. Dataminr operates a real-time information discovery platform that detects digital patterns of emerging events and critical information from public data signals. Its products include Dataminr Pulse for corporate customers, First Alert for first responders, and Dataminr for News, used in more than 650 newsrooms by over 30,000 journalists. The company’s AI Platform performs trillions of daily computations across billions of public data inputs from over 100,000 unique public data sources. Dataminr plans to use the financing to accelerate growth of its corporate enterprise business line and to invest in internationalization, expanding private and public sector sales across Europe and the Asia-Pacific region. It also intends to continue expanding public data sources (global and regional social media, blogs, web forums, audio and radio, the deep and dark web, cyber signals, and public IoT sensors) and to broaden its AI capabilities into multi-modal event detection, multi-modal fusion AI, and dynamic human-AI feedback loops with domain experts. The company is led by Founder and CEO Ted Bailey and has 650 employees across seven global offices. Dataminr uses proprietary algorithms to instantly analyze all public tweets and other publicly available data to surface breaking news, real-world events, off-the-radar content, and emerging trends. The company delivers relevant signals and contextual analytics to clients through high-value applications and customizable APIs. Dataminr serves customers in finance, the public sector, news, security, and crisis management. CEO Ted Bailey said the new capital will enable Dataminr to meet global demand, expand into new markets, and integrate valuable new datasets into its algorithmic engine. The company plans to enhance its Twitter-based signals and broaden its product offerings using the added resources. Dataminr positions itself as a front line of real-time information discovery across geographies and fields of human activity. Dataminr operates a real-time analytics engine that turns raw social media streams into actionable signals for enterprise customers. Through a strategic relationship with Twitter, it accesses Tweets in real time and uses proprietary multivariable algorithms developed by a team of PhDs and data scientists to cross-correlate public Tweets with other data sets. One core market vertical is financial services, where Dataminr’s web-based desktop application delivers early, market-moving information into buy-side and sell-side workflows. The company’s software provides contextual analytics and integrates directly into enterprise systems. Dataminr says it will deploy the new funding to accelerate growth in current markets and to expand into new verticals. The company is based in New York.