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Databento raises $97M to challenge Bloomberg in market data

By PulseAugur Editorial · [1 sources] ·

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]

Read on Fortune →

AI-generated summary · Google Gemini · from 1 sources. How we write summaries →

Databento raises $97M to challenge Bloomberg in market data

How we ranked this

Signal score
0 / 100
Composite score across the factors below. Higher = stronger signal that this story matters right now.
Newsworthiness bucket
Research
Significant funding round for a company aiming to disrupt a major market data provider. [lever_c_demoted from significant: ic=1 ai=0.7]
Source corroboration
Single-source cluster
Only one publisher covered this so far. Single-source stories can still rank when the publisher is high-authority, but they lack cross-source corroboration.
Topics
funding, product
Editorial topic classification. Feeds into how the story surfaces on /topic/<slug> hub pages and into the per-entity coverage mix.
AI-industry relevance
High
Clearly on-topic for AI-industry coverage.
Story freshness
90 days old
Aged out of breaking-news scoring windows; ranking reflects the durable signal from the full source set.

Full methodology in our editorial standards.

COVERAGE [1]

  1. Fortune TIER_1 English(EN) · Lily Mae Lazarus ·

    Christina Qi left behind a hedge fund trading $7 billion a day for a farm in Utah. Her new startup just raised $97 million to rival Bloomberg

    Databento serves everyone from student traders to the world's largest hedge funds—and counts Nvidia and OpenAI as customers.

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