Databento Secures $97 Million Series B Funding to Scale Real-Time Market Data Platform

Quick Summary

Databento has raised $97 million in Series B funding led by NEA to scale its market data platform. The investment enables the company to expand its global data coverage and enhance its pay-as-you-go infrastructure, providing financial institutions with faster, more affordable access to high-fidelity trading data.

How Does Databento Solve Market Data Fragmentation?

Databento addresses the high barrier to entry for institutional-grade financial information by offering a pay-as-you-go model. Traditionally, firms faced massive upfront costs and months of legal negotiations to access exchange feeds. Databento eliminates this by providing:

• Instant API access to real-time and historical data.
• Normalized data formats that reduce engineering overhead.
• Flexible pricing structures that scale with user consumption.

This approach allows quantitative trading firms and fintech developers to focus on alpha generation rather than data plumbing.

What Results Has Databento Delivered for the Industry?

The company has successfully democratized access to high-fidelity market data, which was previously reserved for the largest hedge funds. By leveraging a cloud-native architecture, Databento has achieved:

• 90% cost reduction for certain data procurement workflows.
• Sub-millisecond latency for real-time data delivery.
• Global asset coverage including equities, futures, and options.

The $97 million investment will specifically target the expansion of international exchange connectivity and the integration of more diverse datasets to meet the needs of a global client base.

FF NEWS TAKE:

This $97 million Series B for Databento is a clear signal that the market data platform sector is ripe for disruption. For too long, legacy providers have held a monopoly on pricing and access. Databento’s pay-as-you-go model isn't just a pricing change; it's a fundamental shift in how financial intelligence is consumed. This move definitely moves the needle by forcing transparency and efficiency into the core of the trading ecosystem.