Xignite Secures $10 M in Series B Round from StarVest to Expand Market Data Cloud


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Disruptive Cloud Technology Democratizes Financial Market Data and Increases Market Transparency

SAN MATEO, CA – September 13, 2011 - Xignite, Inc., the leading financial market data cloud provider, today announced that it has secured $10 million in Series B funding from StarVest Partners, L.P. and John L. "Launny" Steffens of Spring Mountain Capital and former vice chairman of Merrill Lynch. The equity financing, which also included participation from previous investors Altos Ventures, Startup Ventures and Peter Caswell, will be used to support the company’s rapid growth through expansion of sales and marketing operations and extension of the Xignite market data cloud platform.

Xignite Market Data Cloud Bridges the Financial Data – App Explosion Gap

Financial markets are generating exponentially increasing amounts of market data due to high-frequency trading, venue fragmentation, and an ever expanding pool of financial instruments. In turn, financial services IT departments are being crushed between these record-level volumes of market data and the need to deliver it to a rapidly growing and increasingly mobile set of applications. The Xignite market data cloud platform allows firms to push this big data to the cloud where it is available globally, on-demand to any application with an Internet connection, allowing IT departments to focus on building the next generation of apps, instead of managing mountains of data.

"Every day financial markets generate one-hundred times more data than they did just five years ago," said Stephane Dubois, CEO and founder of Xignite. "At the same time, the one-size-fits-all terminal model is breaking down as businesses drive productivity through simpler, nimbler fit-for-purpose apps. Cloud-based market data is the only solution that can bridge this gap."

Transforming the Way Firms Buy, Sell and Consume Financial Market Data

"The Xignite cloud platform has the potential to create a seismic shift in the way financial services firms buy, sell and consume the core market data required to run their businesses," said Deborah Farrington, co-founder and general partner, StarVest Partners, L.P. who led the investment round for StarVest and has joined Xignite’s board of directors. "Xignite aligns perfectly with StarVest’s investment strategy: to seek out companies with innovative business models and experienced management teams that create disruptive technologies to solve real business problems."

The Xignite market data cloud platform transforms market data infrastructure into a utility just like electricity. Businesses can buy online and plug applications into the Xignite market data cloud in minutes. Exchanges and trading venues that put their market data onto the XigniteOnDemand private-label platform, such as NASDAQ OMX and CME Group, achieve immediate, global distribution through new online channels and superior market transparency as demanded by many of the new regulations resulting from the recent financial crisis.

"Xignite puts professional-grade, big market data in everyone’s hands, leveling the playing field and bringing stronger transparency to the financial services industry," said Launny Steffens. "The cloud democratizes access to financial information for the little guys, while dramatically lowering the data management and delivery infrastructure costs for large banks, hedge funds and money managers."

About Xignite

Xignite is the leading financial market data cloud provider, offering more than 50 financial cloud APIs and fulfilling more than five billion service requests per month for real-time, historical and reference data covering global equities, commodities, currencies, options, fixed income, mutual funds, derivatives and OTC instruments. The Xignite market data cloud powers mission-critical applications for financial services front, middle and back office, financial websites, investor relations, corporate ERP and BI, e-commerce, and mobile for more than 900 clients in 47 countries, including Citi, GE, Wells Fargo, ING, BNY Mellon, Natixis,, SeekingAlpha, ExxonMobil, Starbucks, Netsuite, and Barrick Gold. The award-winning XigniteOnDemand cloud platform also provides new online channels for stock exchanges, trading venues, OTC brokers and market data originators including CME Group, NASDAQ OMX, BGCantor and Pearson. For more information, please visit or call 1-866-XML-SOAP.

About StarVest

StarVest Partners is a New York-based venture capital firm founded in 1999 that invests in technology-enabled business services companies throughout the U.S. The firm's value-added partnership focuses on four key emerging technology and services sectors: Software as a Service (SaaS), Internet Marketing Services, eCommerce Services and Data Aggregation Services. StarVest combines a sophisticated investment background with the experience to foresee opportunities for both its portfolio companies and funding partners. The firm`s general partners are Larry A. Bettino, Deborah A. Farrington, Laura B. Sachar and Jeanne M. Sullivan. StarVest was an early investor in the software-as-a-service trend: in 2000, it invested as the only venture firm in NetSuite (NYSE: N) where Deborah Farrington currently serves as lead director. Other noteworthy investments include MessageOne, acquired by Dell Computer; Connected, acquired by Iron Mountain; iCrossing acquired by Hearst; acquired by QuinStreet; and Fieldglass acquired by Madison Dearborn; Host Analytics, Accept Software and ideeli, among others. More information about StarVest is available at the company's Web site:

About John L. "Launny" Steffens

Mr. John L. Steffens is the founder of Spring Mountain Capital and a Co-Managing Member of its general partner. Prior to this, Mr. Steffens spent 38 years at Merrill Lynch & Co., Inc., where he held numerous senior management positions, including president of Merrill Lynch Consumer Markets (which was later named the Private Client Group) from July 1985 until April 1997, and both vice chairman of Merrill Lynch & Co., Inc. (the parent company) and chairman of its U.S. Private Client Group from April 1997 until July 2001. Mr. Steffens served on the board of directors of Merrill Lynch & Co., Inc. from April 1986 until July 2001. He also served as a member of the board of directors of Merrill Lynch Ventures, LLC (a U.S. $1.8 billion private equity fund for key employees.) Mr. Steffens has served as chairman of the Securities Industry Association, as a trustee of the Committee for Economic Development and is currently National Chairman Emeritus of the Alliance for Aging Research. Mr. Steffens currently serves on the advisory board of StarVest Partners, the advisory board of Wicks Communication & Media Partners, L.P., the board of directors of HealthPoint Capital, and as Chairman of the board of directors of Cicero, Inc. He also serves on the Boards of Colony Financial, Inc. and Perquest, Inc.

Media Contact:

Maria Canul

Xignite Inc.

mcanul [at]



In the foreign metal market and the world of international rates, currencies play the crucial role of acting as the medium of exchange in the transactions that take place.

Currencies like the United States dollar, the Euro, or the British Pound are commonly used around the world in order to get a metal rate. Some companies that offer precious metal live and historical rates have exposed their APIs (Application Programming Interfaces) to allow developers to integrate current and historical metal rates, currency conversion, or other capabilities into their applications.

In order to know about precious metals live and historical rates, there’s a lot of APIs available online, and if you want to try one, Barchart is going to be one of your first options. But if you take a look at what else is in the market, you’ll find alternatives so many great alternatives:

Xignite Market Data Cloud Platform

Xignite Market Data as a Service was one of the first market data services built to run in AWS and they are one of the few vendors that is an AWS Advanced Technology Partner with a Financial Services Competency.

With more than a decade of cloud expertise in building, scaling and operating cloud-based market data technology, it is no surprise that leading financial services and capital markets firms rely on this company to empower their journey to the cloud. Their Metals API Service offers real-time prices and quotes for metals including Gold, Silver, Palladium, Platinum and other base metals. In addition to real-time precious metals prices, the service provides daily London Fixing prices as well as historical precious metal prices and metal news. 

Xignite Cloud APIs are sourced from leading providers such as FactSet and Morningstar as well as Xignite’s own curated, high-quality data.

Read the article Top 3 Alternatives for Barchart Precious Metals Rates


Each year, Bobsguide asks the market to vote for fintech companies they believe stand out from the competition – those who have gone the extra mile in terms of development and servicing their clients. Xignite is proud to be listed as the "Best API Management" vendor on the Bobsguide 2020 Rankings.

Read article on Bobsguide


Web services data provider Xignite captured the AFTAs judges’ attention on the infrastructure front with its release of Xignite Enterprise Microservices in July 2020, a suite of cloud-based microservices for data management, storage and distribution in the cloud, designed to help financial firms migrate from monolithic legacy data architectures to more agile and less expensive cloud services and data sources.

Requires subscription to read the article on WatersTechnology


Xignite, Inc., a provider of market data distribution and management solutions for financial services and technology companies, today revealed the results of its collaboration with StockCharts, a leading technical analysis and financial charting platform for online retail investors. The collaboration involved a move from an on-premise market data provider to Xignite’s cloud-native technology hosted in Amazon Web Services (AWS). Download the case study containing the full results.

StockCharts requires vast quantities of financial data to power its visualization, charting and tracking tools, which investors use to analyze the markets to help with investment decisions. The company was frustrated by the limits of its on-premise market data center, which was forcing the team to make architectural decisions based on what its data center could handle in terms of speed and storage, not on their technology. Its previous market data provider was just starting to build out some cloud offerings, but they were far away from what the business required. StockCharts decided to migrate its infrastructure to the AWS cloud and partner with Xignite to gain access to endlessly scalable market and financial data delivered through innovative cloud APIs.

The collaboration made an immediate impact as StockCharts was able to expand its offerings and customer base by pursuing growth strategies enabled by Xignite’s cloud-based approach, which provides easy access to data and eliminates architectural limits on storage and speed.

The pandemic provided further validation. Seattle-based StockCharts was in one of the first areas hit by COVID-19 and was forced to quickly shut down its office. Pandemic-driven market volatility followed and StockCharts customers wanted to visualize what was happening. The company’s ability to scale quickly and accommodate a high volume of new requests would not have been possible without Xignite.

“The move to the AWS cloud and Xignite has unlocked tremendous new potential for us in a lot of architectural ways, and has given us a lot of data options that we could not even consider before,” said Grayson Roze, Vice President of Operations at StockCharts. “It relieved us of the burden of figuring out how to source things. Instead, we know exactly where we need to go to get the data and can access it instantly. That is a huge, huge benefit for our business.”

“We are proud to have played a role in transforming how StockCharts approaches data,” said Stephane Dubois, CEO and Founder of Xignite. “The events of this year unleashed a massive spike in retail trading and a host of other unexpected forces that reinforced the need for financial services firms to leverage the cloud. Despite the disruption of this year, StockCharts was positioned for success, and we look forward to continuing to deliver our financial and market data solutions to the industry at large.”


Xignite has been disrupting the financial and market data industry from its Silicon Valley headquarters since 2006 when it introduced the first commercial REST API. Since then, Xignite has been continually refining its technology to help fintech and financial institutions get the most value from their data. Today, more than 700 clients access over 500 cloud-native APIs and leverage a suite of specialized microservices-delivered modules to build efficient and cost-effective enterprise data management solutions. Visit or follow on Twitter @xignite