Market-data provider Databento announced a $100 million Series C at a $1.1 billion valuation on November 12, 2026. Early backer Fifth Down Capital led the round, and Fitch Ventures joined as a strategic investor. Source
The company says it had 39 employees when the round closed. That’s a lot of financing for a short staff directory. Source
The raise follows a $97 million Series B earlier in 2026. Databento says its revenue has more than doubled since that round while it has remained profitable. The announcements don’t disclose revenue or profit amounts. SourceSource
Co-founder and CEO Christina Qi wrote that Databento wasn’t actively fundraising. Her explanation: existing investors wanted to increase their commitments, and customers were asking the company to expand faster. Follow-on investors included NEA, DRW Venture Capital, Tribe Capital, Redpoint Ventures and Hedosophia. Source
A small team, plenty of actual hardware
Databento supplies real-time and historical financial market data across futures, options, equities and indices through a unified API: a common interface software can use to request the data. Its customers include quantitative trading firms, brokerages and asset managers, according to the company. Source
Qi wrote: “Behind every API request is a network of physical servers, specialized hardware, and systems that capture, process, and distribute enormous volumes of data around the clock.” Source
Databento also says it has signed enterprise contracts with five of the six largest frontier AI labs. The post doesn’t name the labs or explain how it defines that group. Source
What the money is meant to build
Databento plans to use the funding for continued investment in its market-data infrastructure and expansion into additional asset classes. The release doesn’t identify those new asset classes or give a delivery timetable. Source
Qi also said the company had nearly completed infrastructure buildouts at nine data centers over the preceding four months, describing that work as the first phase of a global expansion. Source
Databento’s longer-term goal is to build the world’s largest commercially available historical market-data archive. For now, “largest” belongs on the to-do list. Source
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