Market data platform startup Databento closes $97M round after drawing $300M in investor demand
Market data platform startup Databento Inc. today revealed that it has raised $97 million in new funding to broaden its data coverage across asset classes and expand internationally.
Investor demand ran past $300 million, according to the company, more than three times what the round finally took.
Founded in 2019, the company sells real-time and historical data on futures, options and equities through one application programming interface. Rather than taking feeds from a redistributor, Databento captures data at the source. Databento puts its own servers inside exchange data centers and pulls the data at the source, a setup it now plans to run across more than 20 data centers. Storage is expanding as well, by more than 100 petabytes, which more than doubles what the company had.
Databento was started by Christina Qi, who previously ran high-frequency trading firm Domeyard LP. At its peak, Domeyard traded as much as $7.1 billion a day.
