Database company ClickHouse has raised $400 million in funding, pushing its valuation above $15 billion, TechCrunch reported on Thursday.
Dragoneer Investment Group led the round, with Bessemer Venture Partners, GIC, Index Ventures, Khosla Ventures and Lightspeed Venture Partners participating. ClickHouse's valuation rose 2.5 times from $6.35 billion last year.
ClickHouse was spun off from Russian search company Yandex and is developing database software to analyse large datasets handled by AI agents. Alongside the funding, it acquired Langfuse, a startup that tracks and evaluates AI agent performance, and has moved into the AI performance optimisation market. Langfuse offers a platform to increase visibility into AI models and competes with LangSmith, an observability platform for LangChain.
ClickHouse generates revenue by offering cloud services based on an open-source database, and its annual recurring revenue grew by more than 250 percent from a year earlier. Its customers include Meta, Tesla, Capital One, Lovable, Decagon and Polymarket, and it is also proceeding with steps to establish a U.S. corporation.
Chi-gyu Hwang
delight@d-today.co.kr