Databento provides market data infrastructure and APIs for financial services firms to access real-time and historical trading data.
$97MSeries B
Investor undisclosed
A $97M Series B for market data APIs signals that financial infrastructure is still venture-scale—likely because regulatory complexity and data licensing create defensible moats that VCs believe can support 10x+ outcomes. Databento probably uses this to expand data coverage (more exchanges, asset classes), build out compliance/audit tooling, and hire sales to move upmarket into tier-1 banks. If you're building any B2B infrastructure that touches regulated data or requires real-time feeds, watch how they handle the compliance tax—it's the unsexy thing that actually determines who wins.