Databento, a Salt Lake City, UT-based financial data company, raised $10M in additional funding, increasing its total Series A round to $30M.
Backers included Belvedere Trading, Clear Street, Lightscape Partners, and others.
The company intends to use the funds to expand operations and its development efforts.
Led by CEO Christina Qi, Databento provides APIs and a no-code browser platform, which allows users to instantly access petabytes of market data, and only pay for what they use. As an official distributor of data from over 45 exchanges, its servers are hosted in the colocation facilities of each trading venue for low-latency and high-fidelity data capture directly from the source.
Both real-time and historical data are available in over 15 formats, including L1, L2, and L3, with nanosecond-resolution timestamps.
Looking ahead, the company is set to introduce a series of product enhancements. Upcoming releases will extend data history and expand its coverage of European markets and global indices. As Databento strengthens its international footprint and makes further performance upgrades, it is also adding new pricing plans to provide flexibility for its customer base.
FinSMEs
30/10/2024