ClickHouse Secures $400 Million at $15 Billion Valuation
Database provider ClickHouse recently announced that it has secured $400 million at a valuation of $15 billion, according to a report by Bloomberg. This valuation represents a significant increase from its previous valuation of $6.35 billion last May. The funding round was led by Dragoneer Investment Group and included participation from investors such as Bessemer Venture Partners, GIC, Index Ventures, Khosla Ventures, and Lightspeed Venture Partners.
ClickHouse, a company that spun out from Russian search giant Yandex in 2021, specializes in developing database software tailored for processing large datasets required by AI agents. It competes in the market with companies like Snowflake and Databricks.
In addition to the funding news, ClickHouse also announced its acquisition of Langfuse, a startup focused on helping developers track and evaluate the performance of their AI agents. Langfuse competes directly with LangSmith, LangChain’s observability platform.
ClickHouse’s database software is open source, and the company generates revenue by offering managed cloud services. Its annual recurring revenue (ARR) has seen impressive growth, with a more than 250% increase year-over-year. Some of ClickHouse’s notable customers include Meta, Tesla, Capital One, Lovable, Decagon, and Polymarket.
