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Databento Raises $97.0

Recently funded · $97.0M Series bTechnology, Information and MediaUSView source

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Databento, a platform simplifying access to vast troves of market data, has secured $97.0M in Series b funding. The round saw participation from a mix of new and existing investors, including New Enterprise Associates (NEA), DRW, Redpoint, and Tribe Capital.

The company, which launched three years ago, offers a self-service model allowing users to instantly pick up live exchange feeds and terabytes of historical data, paying only for what they use. This approach has attracted over 40,000 customers, ranging from early-stage startups to the world's largest financial institutions, leveraging the team's deep experience from high-frequency trading desks.

I'm excited to announce Databento's $97M Series B led by New Enterprise Associates (NEA), with participation from DRW, Redpoint, Tribe Capital, and more. When we launched 3 years ago, people warned us that data is a saturated market - that there isn't much room to innovate.

But if you've touched any dataset in our industry, you'll likely disagree. The industry is broken. It's just that someone with a *very specific background* needs to fix it. Before Databento, I started a hedge fund, but it wasn't just any hedge fund: It was one of the few HFT firms built from scratch: colocation, bare-metal networking, nanosecond timestamping, custom feed handlers, low-latency sy

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