Databento, a financial data infrastructure company founded by former hedge fund trader Christina Qi, has secured $97 million in Series B funding. The startup aims to provide institutional-grade market data more efficiently and affordably than existing providers like Bloomberg and LSEG. Databento plans to use the new capital to expand its data center footprint and storage capacity, serving a diverse clientele including financial institutions, AI labs, and students. AI
IMPACT This funding could accelerate the availability of high-quality, affordable data for AI development and trading strategies.
RANK_REASON Significant funding round for a company aiming to disrupt a major market data provider. [lever_c_demoted from significant: ic=1 ai=0.7]
- Abu Dhabi Investment Authority
- Bloomberg
- Christina Qi
- Databento
- DRW Venture Capital
- LSEG
- Microsoft
- NEA
- Nvidia
- OpenAI
- Redpoint Ventures
- Refinitiv
- Tribe Capital
- UC Berkeley
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