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About Databento
Industries
Fintech
Financial Services
Company Size
11-50
Company Stage
Series A
Total Funding
$64.3M
Headquarters
Boston, Massachusetts
Founded
2019
Overview
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 appealing to 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 simplify the process of accessing market data, making it more accessible and affordable for all types of users.
Simplify's Take
What believers are saying
- 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.
What critics are saying
- 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.
What makes Databento unique
- 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.
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Funding
Total Funding
$64.3M
Above
Industry Average
Funded Over
2 Rounds
Industry standards
Benefits
Health Insurance
Dental Insurance
Life Insurance
Disability Insurance
401(k) Company Match
Remote Work Options
Growth & Insights and Company News
6 month growth
↓ -3%1 year growth
↓ -6%2 year growth
↑ 0%Databento, Inc. is introducing major updates to its pricing plans, effective January 13, 2025, to support the launch of its new Databento US Equities service.
Databento, developer of a colocation platform designed to provide simpler and faster historical data to receive market data, raised $10 million of Series A1 venture funding from Clear Street, Lightscape Partners and Belvedere Trading.
Databento, one of the fastest-growing companies in the financial data industry, today announced the successful close of $10 million in additional funding, increasing its total Series A round to $30 million. This caps off an extraordinary year that saw a 985% surge in revenue and over 7,000 new customers.
Databento, Inc. is excited to announce the launch of its BBO on interval (BBO) schemas, which provide the latest best bid and offer on one-second (BBO-1s) or one-minute intervals (BBO-1m), along with the last sale price.
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Databento is Hiring for 6 Jobs on Simplify!
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About Databento
Industries
Fintech
Financial Services
Company Size
11-50
Company Stage
Series A
Total Funding
$64.3M
Headquarters
Boston, Massachusetts
Founded
2019
Databento is Hiring for 6 Jobs on Simplify!
Find jobs on Simplify and start your career today