Finance1 min read

Databento, which offers market data APIs and says it has contracts with five of the six largest frontier AI labs, raised a $100M Series C at a $1.1B valuation (FinTech Global)

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In short

Databento has secured a $1.1 billion valuation following the completion of its latest $100 million Series C funding round. The milestone formally establishes the enterprise as a major unicorn within the fintech sector. Backing this growth is the company's market data API business, which serves five of the six largest frontier artificial intelligence laboratories.

Key points

  • The new financing round solidifies Databento's position as a prominent fintech unicorn.: The new financing round solidifies Databento's position as a prominent fintech unicorn.
  • Frontier artificial intelligence developers represent a major customer base for Databento…: Frontier artificial intelligence developers represent a major customer base for Databento's API services.
  • Substantial capital continues to flow into companies that provide core financial market i…: Substantial capital continues to flow into companies that provide core financial market infrastructure.

Sources checked by our analysis pipeline: 1

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Kara Carlson / Bloomberg: |

Lucinda Shen / Axios: |

Reuters: |

Jessica Hagen / MobiHealthNews: |

Nathan Lambert / Interconnects AI: |

FinTech Global: |

Financial Times: |

George Hammond / Financial Times: |

Alice Tecotzky / Business Insider: |

John Reynolds / Tech.eu: |

Financial Times: |

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