Databento
Databento is a technology company.
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Financial History
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Leadership Team
Key people at Databento.
Databento is a technology company.
Key people at Databento.
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]
