Databento selected as a World Economic Forum 2022 Technology Pioneer
BOSTON, MA, May 10, 2022 – Databento, a fully remote fintech startup founded in Boston, was selected as a World Economic Forum 2022 Technology Pioneer. Databento was started by former quantitative hedge fund founders who were determined to redefine financial data access by removing time and cost barriers that interfere with market participation.
The World Economic Forum’s Technology Pioneers are early to growth-stage companies from around the world that are involved in the use of new technologies and innovation that are poised to have a significant impact on business and society.
As a Technology Pioneer, Databento will further its mission of increasing global access to data by resolving the price, speed, and quality issues that many users face with incumbent data providers. Its pay-as-you-go model drastically cuts costs on institutional-quality data, which the company hopes will help facilitate greater market involvement and bolster trading communities around the world.
With their selection as Technology Pioneer, Databento will be invited to participate at the World Economic Forum and contribute to Forum initiatives over the next two years, working with global leaders to help address key industry and societal issues.
“After spending a decade dealing with data vendors, we decided to overhaul many of the industry’s practices that people complain about the astronomical prices, lengthy sales process, and more,” said Databento’s Christina Qi. “We’re excited to contribute to the World Economic Forum and achieve our goal of bringing the cost of data exploration down to zero.”
“We’re excited to welcome Databento to our 2022 cohort of Technology Pioneers,” says Saemoon Yoon, Community Lead, WorldEconomic Forum. “Databento and its fellow pioneers are at the forefront of industries that are critical to solving some of our world’s most complex issues today. We look forward to their contribution to the World Economic Forum.”