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About Databento
Industries
Fintech
Financial Services
Company Size
11-50
Company Stage
Series A
Total Funding
$66.1M
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 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 simplify the process of accessing market data, making it more accessible and affordable for everyone in the finance and fintech sectors.
Simplify's Take
What believers are saying
- Databento's pay-as-you-go model aligns with market trends towards flexible pricing.
- The launch of a free public time service enhances Databento's appeal to algorithmic traders.
- Recent funding boosts Databento's capacity for global expansion and innovation.
What critics are saying
- Upcoming pricing changes in January 2025 may lead to customer dissatisfaction.
- Increased competition from new entrants like Intrinio poses a market share threat.
- Reliance on colocation facilities could be risky if agreements change or disruptions occur.
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 strategy ensures low-latency, high-fidelity data capture directly from sources.
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Funding
Total Funding
$66.1M
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
↑ 3%Today, Databento, Inc. is introducing Vinicius "Vini" Livramento, a senior software engineer based in the coastal town of Cascais, Portugal!
Databento, Inc. is excited to announce that MEMX Memoir Depth data is now available through its Databento US Equities service, providing full order book depth for the Members Exchange (MEMX) Equities market.
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 is Hiring for 5 Jobs on Simplify!
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About Databento
Industries
Fintech
Financial Services
Company Size
11-50
Company Stage
Series A
Total Funding
$66.1M
Headquarters
Boston, Massachusetts
Founded
2019
Databento is Hiring for 5 Jobs on Simplify!
Find jobs on Simplify and start your career today