SHORTList
Databento logo
AI/ML
Data/Analytics

Databento

A simpler, faster way to get market data

CORE INFO

$97M
Total Funding
Series B
Round
2019
Founded
Salt Lake City, United States
Headquarters

Databento is a market data platform that provides real-time and historical financial data across various asset classes, such as equities, futures, and options, through APIs. It caters to financial firms seeking institutional-grade data with a flexible, usage-based pricing model.

  • Databento raised $97 million in a Series B funding round led by New Enterprise Associates (NEA), with participation from DRW Venture Capital, Redpoint Ventures, and Tribe Capital.prnewswire.com
  • Fortune highlighted Databento's recent $97 million funding round and its challenge to Bloomberg's market data services.fortune.com

WHY WE WOULD WORK AT DATABENTO

Diversity and Inclusion

With 60% of the team comprising women and minorities, Databento fosters an inclusive culture that values diverse perspectives in the tech and finance sectors.

Innovative Technology

Utilizing cutting-edge technologies like APIs and high-frequency data feeds, Databento empowers clients with institutional-grade market data tailored for modern financial needs.

Recognized Workplace

Named an Inc. Magazine Best Workplace in 2023, Databento prioritizes employee satisfaction and a positive work environment.

Rapid Growth

Achieving a 4.2× increase in GAAP revenue and 187% growth in user base over the past year, Databento is on an exciting trajectory in the financial data industry.

Usage-Based Pricing

The flexible, usage-based pricing model allows clients to pay only for the data they use, simplifying procurement and making high-quality data accessible.

Global Impact

By serving a diverse range of clients from startups to billion-dollar investment firms, Databento is reshaping the financial data landscape on a global scale.

MARKET AND TRACTION

GROWTH TACTICS

✦ KEY METRIC
  • Databento achieved a 4.2× increase in GAAP revenue over the past year leading up to November 2025.

  • The company reported a 985% surge in revenue in October 2024, indicating rapid growth in its market presence.

  • Databento's user base grew by 187% during the same period, reflecting strong demand for its services.

    • NOTABLE CUSTOMERS

  • A major quantitative hedge fund selected Databento as its primary market data provider for options trading, expected to generate millions in revenue.

  • Databento serves a diverse range of clients, from pre-product startups to established investment firms managing billions in assets.

    • KEY METRICS

    ✦ KEY METRIC
  • Databento has raised a total of $97 million in its Series B funding round, led by New Enterprise Associates (NEA).

  • The Series B round was significantly oversubscribed, attracting over $300 million in total demand from investors.

    • COMPETITIVE ADVANTAGE

  • Databento's usage-based pricing model allows clients to pay only for the data they use, simplifying procurement and integration for financial firms.

  • The platform offers a variety of data services, including normalized data feeds and raw packet captures (PCAPs), tailored to modern financial needs.

    • MARKET POSITION

  • Founded in 2019, Databento is positioned as a disruptor in the financial market data industry, focusing on accessibility and on-demand data solutions.

  • The company emphasizes diversity within its workforce, with 60% of its team comprising women and minorities, enhancing its innovative approach to market data.

    • PRODUCT AND TECH

    Real-time Data APIs

    Databento provides APIs that deliver real-time and historical financial data across various asset classes, enabling clients to access institutional-grade market data on demand.

    Normalized Data Feeds

    The platform offers normalized data feeds that simplify the integration process for financial firms, allowing them to easily access and utilize market data without compatibility issues.

    Raw Packet Captures (PCAPs)

    Databento supplies raw packet captures, which are essential for clients needing detailed network traffic analysis and data integrity verification in their trading operations.

    Usage-based Pricing Model

    The company employs a usage-based pricing model, allowing clients to pay only for the data they consume, which enhances cost efficiency and flexibility in data procurement.

    Client Libraries for Multiple Languages

    Databento supports client libraries in Python, C++, and Rust, catering to a diverse range of developers and ensuring robust integration with various trading systems.

    COMPANY CULTURE

    Values

  • Commitment to diversity and inclusion

  • Focus on innovation and disruption in financial data

  • Emphasis on accessibility of institutional-grade data

  • Strong background in science and technology

  • Customer-centric approach to service delivery

    • Operating Principles

  • Usage-based pricing model for flexibility

  • Agile response to client needs and market changes

  • Data-driven decision-making processes

  • Continuous improvement in product offerings

  • Collaboration across teams to enhance service quality

    • Benefits

  • Opportunity to work with cutting-edge technology

  • Supportive environment for professional growth

  • Inclusive workplace with diverse perspectives

  • Competitive compensation and equity options

  • Flexible work arrangements to promote work-life balance

    • Learning & Growth

  • Encouragement of continuous learning and skill development

  • Access to resources for professional certifications

  • Regular workshops and training sessions

  • Mentorship programs for career advancement

  • Exposure to real-time financial data challenges

    • Team Cadence

  • Regular team meetings to align on goals

  • Open communication channels for feedback

  • Collaborative project-based work structure

  • Emphasis on cross-functional teamwork

  • Celebrations of team achievements and milestones