Databento has raised $100 million in Series C funding at a $1.1 billion valuation, giving the financial market data company additional resources to expand its products and infrastructure.
The financing reflects growing demand from trading firms, financial institutions, fintech companies, and developers for market data that is easier to purchase, normalize, and integrate. Traditional market data systems frequently require lengthy contracting processes, specialized infrastructure, and complex usage agreements.
Databento offers historical and real-time data through APIs and cloud-based delivery. Its platform is designed to let customers access institutional-grade information without maintaining the same level of proprietary data infrastructure required by conventional vendors.
The company provides data spanning multiple exchanges and asset classes. Its technology normalizes information into consistent schemas, helping quantitative researchers and software developers work with data from different venues using a common interface.
Databento can use the Series C capital to broaden exchange coverage, improve delivery performance, expand its workforce, and serve larger institutional customers. The investment also positions the company to compete more directly with established financial information and infrastructure providers.
The company’s growth illustrates how cloud delivery and usage-oriented pricing are changing the market data industry. Financial organizations increasingly want programmable access that can scale with research, backtesting, risk management, and production trading workloads.
By reducing implementation complexity, Databento aims to shorten the time required for firms to move from evaluating a dataset to using it in live applications.
KEY QUOTES
“This funding gives us the resources to continue building market data infrastructure that is simpler, faster, and more transparent for firms of every size.”
Databento Leadership
