Databento, a provider of financial market data infrastructure, has secured $97 million in Series B funding. The round was led by NEA, with participation from existing investors including Redpoint Ventures, DRW, and Tribe Capital. This capital infusion will support the company's expansion of global asset coverage, regional market presence, and data infrastructure upgrades, aiming to double its data center footprint and storage capacity. AI
IMPACT Expansion of financial data infrastructure may accelerate AI model training and deployment in finance.
RANK_REASON Significant funding round for an AI-adjacent company. [lever_c_demoted from significant: ic=1 ai=0.7]
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