Database provider ClickHouse got $400 million at a $15 billion valuation, Bloomberg reported, representing an increase of about 2.5 times from its $6.35 billion valuation last May. The round was led by Dragoneer Investment Group, the startup said, with participation from investors including Bessemer Venture Partners, GIC, Index Ventures, Khosla Ventures and Lightspeed Venture Partners.
ClickHouse, spun off from Russian search giant Yandex in 2021, develops database software designed to process the massive data sets 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 competes directly with LangSmith, LangChain’s observability platform.
The ClickHouse database is open source and makes money by selling managed cloud services, which has seen annual recurring revenue (ARR) increase more than 250% year over year, he said. The company’s clients include Meta, Tesla, Capital One, Lovable, Decagon and Polymarket.
Source | domain techcrunch.com
