Databento Raises $97 Million as Investor Demand Tops $300 Million

3 articles · Updated · SiliconANGLE News · Jul 9

$97 million in new funding will help Databento widen market-data coverage across asset classes and push internationally, the startup said.
Investor demand exceeded $300 million, while Databento said revenue grew 6.65 times year over year, active API users more than doubled, and enterprise retention has stayed above 97%.
Founded in 2019, the company sells real-time and historical futures, options and equities data through a single API, capturing feeds at the source rather than through redistributors.
More than 20 data centers and over 100 petabytes of added storage are planned as Databento scales against incumbents such as Bloomberg and London Stock Exchange Group.
New Enterprise Associates led the round, joined by DRW Venture Capital, Redpoint Ventures and Tribe Capital, bringing Databento's total funding to $127 million.