Databento

Self-service platform for market data access

Boston, Massachusetts, United States

About Databento

Databento provides a self-service platform that allows users to access market data quickly and easily. Users can obtain live exchange feeds and large amounts of historical data, only paying for what they actually use. This flexibility makes it suitable for a wide range of clients, from large financial institutions to small startups. Unlike many competitors, Databento operates on a pay-as-you-go model, which helps users manage costs effectively. The company's goal is to streamline the process of accessing market data, making it more efficient and affordable for all types of users.

Boston, MassachusettsHeadquarters

2019Year Founded

$64.3MTotal Funding

SERIES_ACompany Stage

Fintech, Financial ServicesIndustries

11-50Employees

Benefits

Health Insurance

Dental Insurance

Life Insurance

Disability Insurance

401(k) Company Match

Remote Work Options

Risks

Upcoming pricing changes in 2025 may lead to customer dissatisfaction.

Increased competition from established providers like Bloomberg and Refinitiv.

Free public time services could increase operational costs without direct revenue benefits.

Differentiation

Databento offers a unique self-service model for financial market data access.

The company provides zero license fee US equities bundles, a first in the industry.

Databento's colocation in trading venues ensures low-latency, high-fidelity data capture.

Upsides

Databento's pay-as-you-go model aligns with the trend towards transparent pricing.

The launch of zero license fee bundles could increase Databento's market share.

Growing demand for low-latency data services benefits Databento's offerings.

Funding

Total raised$64.30 M

Latest valuation$50.00 M

StageSERIES_A

SERIES A

9/30/2024

$10

$50.00 M

EARLY VC

11/30/2022

$32

$159.00 M