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§ Private Profile · Salt Lake City, UT, USA
Market data platform for institutional-grade historical & real-time options, equities, and financial market data via API. Pay-as-you-go.
Databento has raised $10.0M across 1 funding round.
Key people at Databento.
Databento has raised $10.0M in total across 1 funding round.
Databento is a Salt Lake City, Utah-based financial technology company that provides a pay-as-you-go platform for accessing institutional-grade market data via APIs. The platform aggregates historical, real-time, and full order book feeds across equities and options from more than 60 global trading venues, streamlining data acquisition for financial institutions. Operating on a usage-based pricing model, the enterprise has raised over $27 million in initial funding rounds and scaled its platform to serve more than 24,000 customers. Its client roster ranges from early-stage quantitative startups to large asset managers and high-frequency trading firms managing billions in assets under management. The organization is supported by a leadership team with prior professional experience at prominent corporations, including Two Sigma, Tower Research Capital, Goldman Sachs, and Google. Databento was founded in 2019 by Christina Qi and Roberto Mesado.
Key people at Databento.
Databento is a technology company providing real-time and historical market data APIs with a self-service, pay-as-you-go model that enables instant access to live exchange feeds and terabytes of data without opaque pricing or annual licenses.[1][2][3] It serves trading firms, startups, AI/ML companies, universities, hedge funds, and fintech institutions by solving the high costs and complexity of traditional market data acquisition, powering applications from backtesting to live trading across equities, futures, options, and more.[1][3][4][5] With thousands of users including those managing $295B+ in AUM, Databento has shown strong growth since its 2023 public launch, raising over $27M in Series A funding and expanding to cover venues like CME Group with low-latency, normalized data.[3][5]
Databento was founded in February 2019 by a team with deep experience at top trading firms like Virtu Financial, Flow Traders, Two Sigma, and Tower Research Capital, as well as tech giants including Google, Stripe, Pico, and Amazon Web Services.[3] The idea emerged from their firsthand frustration with the massive costs and efforts required to integrate hundreds of trading venues and data providers into production systems, leading to a radical pay-per-use model.[1][3] Key milestones include a Series A round in November 2021 raising over $27M, public launch of pay-as-you-go historical data in April 2023, and release of real-time options and equities data in August 2023, quickly gaining traction with thousands of users from startups to billion-AUM firms.[3]
Databento rides the trend of democratizing financial market data amid rising demand for AI/ML-driven trading, backtesting, and fintech apps, where traditional vendors' high barriers exclude startups and researchers.[1][2][3] Timing is ideal post-2023 launches, aligning with cloud-native finance and low-latency needs in a market projected to grow with algorithmic trading and real-time analytics.[4][5] Market forces like colocation tech advancements and PTP synchronization favor its direct-from-source feeds, reducing hops and costs while enabling smaller players to compete with institutions managing billions in AUM.[3][5] It influences the ecosystem by powering 400+ developers at $1B+ startups and 80+ emerging managers, fostering innovation in quant finance and self-tuning systems.[2][5]
Databento is poised to expand real-time coverage to more global venues and asset classes, potentially integrating deeper AI tools for data analytics as its user base scales beyond thousands.[3][5][6] Trends like edge computing, automated trading, and regulatory pushes for transparent data will amplify its growth, evolving it from a "vending machine" for data to a core infrastructure layer for next-gen finance tech.[1][7] With backing from investors like Differential Ventures and trust from top firms, its influence could reshape vendor lock-in, tying back to its founding mission of making high-quality market data instantly accessible to all.[2][3]
Databento has raised $10.0M across 1 funding round. Most recently, it raised $10.0M Series A Extension in October 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Oct 30, 2024 | $10M Series A Plus | — | — | Announced |
Databento has raised $10.0M in total across 1 funding round.
