Databento, a market-data platform, raised $100 million in Series C funding at a $1.1 billion valuation, FinTech Global reported, citing the company¹.

Fifth Down Capital, an early backer, led the round, with participation from existing investors including NEA, DRW Venture Capital, Tribe Capital and Hedosophia, the outlet said¹. Fitch Ventures joined as a strategic investor¹.

The financing follows a $97 million Series B earlier in 2026¹. Databento said revenue more than doubled since that round and that it remained profitable¹. At close it employed 39 people, FinTech Global reported¹.

The company said its customers include quantitative trading firms, brokerages, asset managers, commodities businesses and digital-asset firms, and that it had enterprise agreements with five of the six largest frontier AI labs¹. Those customer and growth figures were reported by Databento and were not independently verified in the FinTech Global account¹.

Databento sells live and historical futures, options, equities and index data through an API and said it would use the capital to expand infrastructure and asset-class coverage¹.

Co-founder and chief executive Christina Qi said reaching the valuation with a small staff was unusual in market data¹. “Until now, reaching this milestone required hundreds of employees given the sheer scale of physical infrastructure involved,” Qi said, according to FinTech Global¹.

Fifth Down founder Andrew Spellman said the firm first invested when Databento was pre-revenue and increased its stake after seeing growth and profitability, FinTech Global reported¹. Independent confirmation of the round size, valuation and employee count beyond the company’s statements was not in the article¹.