INQDATA
INQDATA operates a fully managed, cloud-native market data workloads platform for capital markets clients such as hedge funds, investment banks, and trading firms, running the full data stack from vendor integration through quality, storage, APIs, and ongoing support on a subscription and cloud pass-through basis.
- Company typePrivate
- Founded2023
- HeadquartersBelfast, United Kingdom
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What INQDATA does
INQDATA is a Belfast-headquartered data infrastructure company that operates a fully managed, cloud-native market data workloads platform for capital markets clients including investment banks, hedge funds, and trading firms. The platform runs the complete data stack end-to-end: vendor integration and feed handling, bespoke data quality checks at per-asset-class and per-instrument granularity, dynamic multi-tier storage optimised for access patterns and budget, server-side processing APIs exposed via Python SDKs and REST endpoints, and a quality of service layer delivering a 99.9% availability SLA. Underlying infrastructure is built on time-series databases engineered for market data scale, with cloud costs passed through to clients at zero markup via cloud provider marketplaces.
INQDATA serves three overlapping segments: capital markets firms needing outsourced market data infrastructure; quantitative teams, researchers, and trading developers who need clean, accessible data for analytics and model development; and financial data vendors (Bloomberg, BMLL, Cboe, viaNexus) who use the platform to make their datasets easier to consume at scale. The company positions itself as a fully managed service rather than a reseller of market data, leaving vendor commercial relationships between clients and providers.
The business model combines an annual platform licence fee (subscription, quote-based, determined after a discovery phase) with usage-based cloud infrastructure costs passed through via marketplace billing, plus managed services for ongoing operation. Go-to-market is enterprise field sales out of London targeting CTOs, Heads of Data, Quants, and Researchers, supplemented by a channel partner motion with data vendors and API-first product access. The company is venture-backed, having closed a £750,000 seed round in September 2024 led by Clarendon Fund Managers (Investment Fund for Northern Ireland), with Iona Star Capital and Techstart Ventures. Leadership includes veterans from JP Morgan, FD Technologies/KX, and serial founders of TIBCO, NEON, KX, Privitar, Reuters, and First Derivatives.
INQDATA firmographics
Firmographics- Name
- INQDATA
- Legal name
- INQDATA
- Website
- https://inqdata.ai
- Company type
- Private
- Founded year
- 2023
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- INQDATA operates a fully managed, cloud-native market data workloads platform for capital markets clients such as hedge funds, investment banks, and trading firms, running the full data stack from vendor integration through quality, storage, APIs, and ongoing support on a subscription and cloud pass-through basis.
- Ownership category
- akta.pro rank
INQDATA industry classification
Industry- Product category
- Financial Market Data Infrastructure
- NAICS
- Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (51821)
- SIC
- Services-Computer Programming, Data Processing, Etc. (7370), Services-Computer Processing & Data Preparation (7374), Services-Computer Programming Services (7371)
- akta.pro primary industry
- Database Tools & Ecosystem (Replication, Backup/Recovery, HA/DR, Monitoring) (HDAEAAAO)
- akta.pro secondary industry
- Managed Databases (Relational/NoSQL/In-Memory DBaaS) (HDABAAAE)
Keywords
Where INQDATA is headquartered
LocationHeadquarters
- HQ city
- Belfast
- HQ country
- United Kingdom
- HQ region
- Europe
Offices2 records
Markets served
INQDATA business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Infrastructure, Personnel, Operations, Marketing or Sales
Revenue model
- Annual Platform License Fee: Fixed annual fee covering service costs. Pricing based on specific datasets and workloads, determined during discovery phase. Includes all service costs with transparent, fixed pricing for platform services.
- Cloud Costs Pass-Through: Compute and storage costs passed through directly via chosen cloud provider's marketplace. Clients maintain full visibility and control over infrastructure spend with no markup.
- Managed Services: INQDATA operates and manages infrastructure and data workloads for clients, providing ongoing support, monitoring, incident response, and continuous optimization.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Annual License Fee - fixed annual subscription covering all service costs |
| Usage-based | Pay-as-you-go | Cloud Costs Pass-Through - usage-based compute and storage |
Go-to-market motion3 records
Distribution channels2 records
Marketing channels4 records
INQDATA product offering
Product offeringCore offering
INQDATA provides a fully managed market data workload platform for capital markets, operating the complete data stack end-to-end. The service covers vendor feed integration, data validation, time-series storage, quality of service, dynamic scalability, APIs, Python libraries, and ongoing support. Clients retain direct vendor relationships while INQDATA manages the infrastructure and operational burden of running production market data workloads.
Product overview
INQDATA offers a single unified platform—a Managed Market Data Workloads Runtime Execution Platform—rather than separate modular products. The platform encompasses all components as an integrated whole: Integration & Feed Handlers, Data Quality services, Timeseries Infrastructure, Dynamic Storage, APIs & Server-Side Processing, Flexible Endpoints, Quality of Service Layer, and Ongoing Support. All of these are constituent capabilities of the unified INQDATA platform, not standalone products. The company does not offer sub-brands, add-on modules, or separately named product lines.
Differentiator
Problem solved
Functional benefit
Products and services
- INQDATA Platform A fully managed market data workload platform that operates the complete data stack end-to-end for capital markets clients, including vendor integration, feed handling, data quality, time-series storage, dynamic scalability, APIs, Python libraries, custom integrations, and ongoing support. Built for investment banks, hedge funds, trading firms, and other financial institutions that need market data infrastructure managed as a service rather than built in-house.
Quantifiable outcome
- 50%+ reduction in costs for customers
- +3 more outcomes
Companies that use INQDATA
Customer profileNamed customers1 record
Segments3 records
Ideal customer profiles2 records
INQDATA technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Feature8 records
INQDATA partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core.
- BloombergcoreBloomberg is a trusted data vendor whose datasets are managed and provided access to through INQDATA's platform on behalf of clients. Part of INQDATA's vendor partner ecosystem.
- BMLLcoreBMLL is a trusted data vendor whose datasets are managed and provided access to through INQDATA's platform on behalf of clients. Part of INQDATA's vendor partner ecosystem.
- CboecoreCboe is a trusted data vendor whose datasets are managed and provided access to through INQDATA's platform on behalf of clients. Part of INQDATA's vendor partner ecosystem.
- viaNexuscoreviaNexus is a trusted data vendor whose datasets are managed and provided access to through INQDATA's platform on behalf of clients. Part of INQDATA's vendor partner ecosystem.
Scale indicators6 records
Recent moves6 records
Expansion highlights5 records
INQDATA competitors and assessment
Company assessmentEmerging players
- BMLL: BMLL is a market data analytics vendor providing normalised Level 2/3 order book data. It is both a vendor partner of INQDATA and an emerging player whose delivery and managed offerings partially overlap with INQDATA's value proposition for quant and analytics buyers.
- Crux Informatics: Crux Informatics operates a managed data delivery platform that ingests, transforms and delivers alternative and market datasets to financial firms. It is an emerging peer with a similar managed-service, vendor-neutral data operations value proposition.
- Databento: Databento provides a managed market data platform with simple APIs and Python SDKs for accessing historical and live market data. It is an emerging peer targeting similar quant and developer buyers with an API-first managed approach.
- Denodo: Denodo provides a data virtualization and integration platform used by financial institutions to unify data sources without moving data. It is an adjacent emerging player whose integration and virtualization capabilities overlap with parts of INQDATA's orchestration and feed-handling stack.
Direct peers
- KX (FD Technologies): KX provides the kdb+ time-series database and managed market data infrastructure that INQDATA's CTO Patrick Dooher helped build at FD Technologies. Both target capital markets with time-series-native data platforms and overlapping buyer personas (quant teams, trading firms).
- OneMarketData: OneMarketData provides the OneTick market data management platform for tick data capture, storage and analytics. Directly comparable to INQDATA's managed time-series infrastructure offering for capital markets quant and trading workflows.
- Alveo: Alveo provides market data management software for financial institutions, focused on data quality, mastering and integration of reference and market data. It competes with INQDATA's data quality and integration layer for capital markets data operations teams.
Broad incumbents
- Snowflake: Snowflake is the leading cloud data platform increasingly used by capital markets firms for market data warehousing and analytics. It is a broad incumbent whose cloud-managed data infrastructure competes with INQDATA's managed workload value proposition at a higher level of the stack.
- Databricks: Databricks provides a unified data and AI platform used by financial institutions for large-scale data engineering and analytics. It competes with INQDATA for budget allocated to managed data infrastructure in capital markets, though at a broader, more general-purpose level.
- Confluence Technologies: Confluence is an established provider of investment data management, performance and analytics solutions for asset managers and hedge funds. It is a broad incumbent in the operational data layer that overlaps with INQDATA's managed infrastructure value proposition.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
INQDATA social profiles
Digital presenceINQDATA financial estimates
Financial estimateRevenue estimate
Valuation estimate
INQDATA leadership team
Management profileNumber of profiles
Profiles6 records
INQDATA funding detail
Funding detailFunding overview
Funding rounds1 record
Investors3 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
INQDATA M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about INQDATA
What does INQDATA do?
INQDATA provides a fully managed market data workload platform for capital markets, operating the complete data stack end-to-end. The service covers vendor feed integration, data validation, time-series storage, quality of service, dynamic scalability, APIs, Python libraries, and ongoing support. Clients retain direct vendor relationships while INQDATA manages the infrastructure and operational burden of running production market data workloads.
Is INQDATA a public or private company?
INQDATA is a private company. It is classified as venture growth investor backed and is currently operating.
When was INQDATA founded?
INQDATA was founded in 2023. It employs 11 to 50 people.
Where is INQDATA based?
INQDATA is headquartered in Belfast, United Kingdom, in the Europe region.
How does INQDATA make money?
Three revenue lines are on record. Annual Platform License Fee is the primary driver. The others are cloud Costs Pass-Through and managed Services.
Who are INQDATA's main competitors?
Emerging players on record are BMLL, Crux Informatics, Databento and Denodo. Direct peers are KX (FD Technologies), OneMarketData and Alveo. Broad incumbents are Snowflake, Databricks and Confluence Technologies.
Does INQDATA have an API?
Yes. INQDATA provides APIs and Python libraries for flexible endpoint access to market data. Custom server-side functionality runs as part of their APIs, allowing users to access data windows in the required format when needed. The platform supports custom integrations to adapt to client systems.
What industry is INQDATA in?
INQDATA's product category is Financial Market Data Infrastructure. Its primary akta.pro industry code is HDAEAAAO, Database Tools & Ecosystem (Replication, Backup/Recovery, HA/DR, Monitoring), with a secondary code of HDABAAAE, Managed Databases (Relational/NoSQL/In-Memory DBaaS). Its NAICS code is 518 and its SIC code is 7370.