Company Research Report: Databento, Inc.
Company Overview
- Name: Databento, Inc.
- Mission of the Company: On a mission to create a better data experience by making market data simpler and faster. They aim to address the high costs and efforts required to integrate new datasets.
- Founded: February 2019
- Founders: Specific names of founders are not listed; however, Christina Qi is noted as the Co-founder and CEO.
- Key People in the Company:
- Christina Qi: Co-founder & CEO
- Zach Banks: API Engineering; Former Tech lead at Two Sigma
- Renan Gemignani: Core Engineering; Former Tech lead at Flow Traders
- Headquarters: No specific location is mentioned, but the team spans cities like New York, Chicago, San Francisco, and Sydney.
- Number of Employees: No information is available
- Revenue: No information is available
- Known For: Databento is known for providing APIs for real-time and historical market data, emphasizing pay-as-you-use data services.
Products
- Market Data APIs:
- Futures, Options, Equities Data Feeds: Offers access to a variety of products including equities and futures from CME Globex, ICE Futures Europe, and more.
- Features:
- Full order book, trades, and quotes
- Real-time, delayed, and historical data
- Usage-based pricing
- Databento Equities Basic:
- Description: A US equities prop feed consolidation that is free to license for distribution, display, and non-display.
- High-Level Features:
- Supports web apps and brokerages
- Provides granularity over SIPs including odd lots and imbalance.
- CME Globex MDP 3.0:
- Description: The primary data feed for all CME instruments.
- Key Features:
- Full order book with statistical data
- ICE Futures Europe and Endex:
- Provides crude and refined oil futures trading data from ICE's iMpact data feed.
Recent Developments
- New Product and Feature Launches:
- August 2023: Launched live data featuring real-time options and equities.
- October 2023: Introduction of Databento Equities Basic to provide detailed consolidated feeds.
- December 2024: Extended CME Globex historical data back to 2010; notable implementation updates for improved data handling of ICE market data.
- Announcements & Updates:
- October 2024: Raised $10M in Series A+ funding to drive global expansion.
- August 2024: Partnership with QuestDB to enhance data solutions.
- January 2024: Introduction of ICE Futures Europe and ICE Endex market data.
- Partnerships and Collaborations:
- Partnerships with tech and data firms like QuestDB and Napatech to enhance offerings and drive improvements in data infrastructure.
- Awards:
- Named an Inc. Magazine Best Workplace 2023
- Won the People's Choice Award at FIA Expo 2021
Summary
Databento, Inc. is disrupting the market data industry with its innovative approach to data provision, emphasizing user-friendly, scalable, and affordable solutions. The company's recent activities suggest a strong trajectory of growth and partnership-driven expansion. Their approach to pay-as-you-use pricing positions them uniquely in the market, catering to startups and large investment firms alike, providing both historical and real-time data across multiple asset classes.
