Databento Raises $100 Million at $1.1 Billion Valuation to Expand Market Data Platform
Databento Raises $100 Million in Series C Financing Databento financial market data platform has closed $100 million in Series C funding to accelerate product development and GTM. Led by early The post Databento Raises $100 Million at $1.1 Billion Valuation to Expand Market Data Platform appeared first on Ventureburn .
Databento, a financial market data platform, has raised $100 million in Series C funding led by Fifth Down Capital, with Fitch Ventures and previous investors NEA, DRW Venture Capital, Tribe Capital, and Hedosophia joining as well. The company valued at $1.1 billion aims to expand its infrastructure, market data coverage, and connect more financial exchanges through a growing network of data centers.
Databento's unified API offers real-time and historical information for various customers, including institutional firms, AI companies, and asset management firms. The company's infrastructure consists of nine data centers linked to major exchanges, including ASX, HKEX, JPX, London Stock Exchange, Nasdaq Väsby, Aruba IT3, and London, New York, and Zurich Equinix data centers.
Databento's CEO, Christina Qi, emphasized the company's efficiency and ability to achieve institutional-grade quality with a small team.
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