Databento Secures $97M to Redefine Financial Market Data Access
July 11, 2026, 3:50 am
Location: United States, California, Palo Alto
Employees: 51-200
Founded date: 1977
Location: United States, California, San Francisco
Employees: 11-50
Founded date: 2018
Databento secured $97 million in Series B funding. New Enterprise Associates led the round. This capital infusion propels the market data platform. It targets modern financial institutions. Funds will broaden asset class and geographic coverage. Global infrastructure will expand significantly. Databento provides real-time, historical data. A unified API delivers futures, options, and equities. Its end-to-end stack ensures low latency. The platform serves diverse financial firms. From individual developers to major trading houses. Databento boasts rapid growth and profitability. This investment solidifies its market position. It streamlines crucial market data access. The company aims to redefine data acquisition in finance worldwide.
Databento announced significant funding. A Series B round secured $97 million. New Enterprise Associates (NEA) led the investment. The round saw strong participation. DRW Venture Capital joined. Redpoint Ventures also contributed. Tribe Capital was another key investor. Strategic and existing investors participated. Investor demand exceeded $300 million. The round was significantly oversubscribed. This signals strong market confidence.
The investment brought board changes. Rick Yang of NEA joined the board. He takes a director position. Danielle Lay, also from NEA, is a board observer. Their expertise will guide strategy. New perspectives will benefit Databento. This strengthens corporate governance.
Databento provides a market data platform. It serves modern financial institutions. The platform simplifies access to data. Institutional-grade market data becomes available. Real-time information is offered. Historical data is also accessible. It covers futures markets. Options trading data is included. Equity data completes the offering. A unified API delivers all this information. This streamlines data integration. It replaces complex procurement processes. Databento eliminates manual data tracking.
Databento operates its entire technology stack. It owns the market data infrastructure end-to-end. This design ensures high performance. Reliability is a core outcome. It also provides a superior developer experience. Low-latency data flows directly from exchanges. This direct connection minimizes delays. It is crucial for high-frequency trading. Quantitative developers benefit immensely. Data integrity remains paramount.
Market data access has long been a challenge. It represented a significant industry bottleneck. Traditional methods involved lengthy processes. Months of procurement were common. Complex integration efforts followed. Databento was built to eliminate this friction. Its founders came from quant trading. High-frequency market making shaped their vision. They understood the pain points firsthand. On-demand data access became the goal. The platform delivers on this promise. It solves a decades-old problem.
Databento launched three years ago. Since then, it has achieved rapid growth. The company reached profitability. It did so with a lean team. Only 24 employees were on staff. Its active API user base doubled recently. Revenue surged by 6.65 times. This growth occurred year-over-year. Enterprise customer retention is strong. It stands at over 97 percent. This metric reflects high satisfaction. The platform serves a broad user base. Individual quantitative developers utilize it. Major trading firms also rely on Databento. These firms manage trillions in daily volume. Its widespread adoption confirms market fit.
The new capital fuels ambitious expansion. Databento will broaden market data coverage. Additional asset classes are targeted. New geographic markets will be entered. The company will scale its infrastructure. Exchange-colocated infrastructure will grow. It plans to exceed 20 global data centers. This represents a significant physical expansion. Storage capacity will also double. Over 100 petabytes of storage are secured. This vast capacity supports massive data needs. It ensures future scalability. Global reach is a clear objective.
Databento drives a fundamental shift. It changes how teams acquire market data. The industry expects on-demand solutions. Modern data workflows are becoming standard. High-quality data is paramount. Reliable tooling supports innovation. Developer-friendly libraries shorten development cycles. Ideas move to production faster. Automated workflows gain traction. Agent-driven research is emerging. Databento positions itself at the forefront. It supports these evolving trends. Its platform is critical for future finance. It delivers best-in-class data infrastructure.
Databento demonstrates clear market leadership. It builds the modern foundation finance needs. Trust earned spans from students to top desks. This indicates universal value. The company accelerates global expansion. It maintains its commitment to innovation. Market data access will become seamless. Inefficiencies will be further reduced. Databento aims to lead this transformation. Its impact will reshape financial operations. The future of finance relies on data. Databento provides that crucial edge. Its trajectory points to continued dominance in financial technology.
Databento announced significant funding. A Series B round secured $97 million. New Enterprise Associates (NEA) led the investment. The round saw strong participation. DRW Venture Capital joined. Redpoint Ventures also contributed. Tribe Capital was another key investor. Strategic and existing investors participated. Investor demand exceeded $300 million. The round was significantly oversubscribed. This signals strong market confidence.
The investment brought board changes. Rick Yang of NEA joined the board. He takes a director position. Danielle Lay, also from NEA, is a board observer. Their expertise will guide strategy. New perspectives will benefit Databento. This strengthens corporate governance.
Databento provides a market data platform. It serves modern financial institutions. The platform simplifies access to data. Institutional-grade market data becomes available. Real-time information is offered. Historical data is also accessible. It covers futures markets. Options trading data is included. Equity data completes the offering. A unified API delivers all this information. This streamlines data integration. It replaces complex procurement processes. Databento eliminates manual data tracking.
Databento operates its entire technology stack. It owns the market data infrastructure end-to-end. This design ensures high performance. Reliability is a core outcome. It also provides a superior developer experience. Low-latency data flows directly from exchanges. This direct connection minimizes delays. It is crucial for high-frequency trading. Quantitative developers benefit immensely. Data integrity remains paramount.
Market data access has long been a challenge. It represented a significant industry bottleneck. Traditional methods involved lengthy processes. Months of procurement were common. Complex integration efforts followed. Databento was built to eliminate this friction. Its founders came from quant trading. High-frequency market making shaped their vision. They understood the pain points firsthand. On-demand data access became the goal. The platform delivers on this promise. It solves a decades-old problem.
Databento launched three years ago. Since then, it has achieved rapid growth. The company reached profitability. It did so with a lean team. Only 24 employees were on staff. Its active API user base doubled recently. Revenue surged by 6.65 times. This growth occurred year-over-year. Enterprise customer retention is strong. It stands at over 97 percent. This metric reflects high satisfaction. The platform serves a broad user base. Individual quantitative developers utilize it. Major trading firms also rely on Databento. These firms manage trillions in daily volume. Its widespread adoption confirms market fit.
The new capital fuels ambitious expansion. Databento will broaden market data coverage. Additional asset classes are targeted. New geographic markets will be entered. The company will scale its infrastructure. Exchange-colocated infrastructure will grow. It plans to exceed 20 global data centers. This represents a significant physical expansion. Storage capacity will also double. Over 100 petabytes of storage are secured. This vast capacity supports massive data needs. It ensures future scalability. Global reach is a clear objective.
Databento drives a fundamental shift. It changes how teams acquire market data. The industry expects on-demand solutions. Modern data workflows are becoming standard. High-quality data is paramount. Reliable tooling supports innovation. Developer-friendly libraries shorten development cycles. Ideas move to production faster. Automated workflows gain traction. Agent-driven research is emerging. Databento positions itself at the forefront. It supports these evolving trends. Its platform is critical for future finance. It delivers best-in-class data infrastructure.
Databento demonstrates clear market leadership. It builds the modern foundation finance needs. Trust earned spans from students to top desks. This indicates universal value. The company accelerates global expansion. It maintains its commitment to innovation. Market data access will become seamless. Inefficiencies will be further reduced. Databento aims to lead this transformation. Its impact will reshape financial operations. The future of finance relies on data. Databento provides that crucial edge. Its trajectory points to continued dominance in financial technology.