Databento Secures $100 Million Series C Funding at $1.1 Billion Valuation
Databento, a market data platform for modern finance, has raised $100 million in a Series C financing round led by Fifth Down Capital. The funding brings the company's valuation to $1.1 billion. This follows a successful Series B earlier this year, during which the company more than doubled its revenue while maintaining profitability. The platform provides real-time and historical data via API for quantitative trading firms, asset managers, and digital asset companies. Notably, Databento has expanded into the artificial intelligence sector, securing enterprise contracts with five of the six leading frontier AI labs. The new capital is earmarked for infrastructure investment and expansion into new asset classes.