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DevelopingBusiness

Databento raises $100M Series C at $1.1B, says five of six top AI labs are customers

Databento, a market data API company, announced a $100M Series C at a $1.1B valuation on Nov. 12, led by Fifth Down Capital with Fitch Ventures and NEA, DRW Venture Capital and others. It says it has signed enterprise contracts with five of the six largest frontier AI labs and that revenue more than doubled since its Series B. It has just under 40 employees.

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