Database provider ClickHouse secures $400 million at $15 billion valuation, Bloomberg reported, That represents a nearly 2.5x increase from its $6.35 billion valuation last May. The round was led by Dragoneer Investment Group, The startup saidWith participation from investors including Bessemer Venture Partners, GIC, Index Ventures, Khosla Ventures and Lightspeed Venture Partners.
ClickHouse, which spun out of Russian search giant Yandex in 2021, develops database software designed to process the large datasets required by AI agents. The company competes with Snowflake and Databricks.
The company also announced the acquisition of Langfuse, a startup that helps developers track and evaluate the performance of their AI agents. Langfuse is a direct competitor langsmithLangchen’s observation platform.
The ClickHouse database is open-source, and it makes money by selling managed cloud services, which has seen annual recurring revenue (ARR) grow by more than 250% year-over-year. The company’s customers include Meta, Tesla, Capital One, Lovable, Decagon and Polymarket.
