Database supplier ClickHouse has crossed $250 million in annualized income run fee, tripling its enterprise from final yr, Yury Izrailevsky, co-founder and president of product and expertise, informed TechCrunch. Israilevsky expects the income determine to achieve the excessive 9 figures by the tip of the yr.
ClickHouse was valued at $15 billion in January following a $400 million Sequence D funding spherical led by Dragoneer Funding Group. The most recent valuation implies a steep ahead a number of of over 60 occasions annualized income.
The quick income development and premium valuation place the less-than-five-year-old firm for an IPO throughout the subsequent few years, in accordance with Izrailevsky (pictured left). ClickHouse joins a small, however growing list of tech startups signaling plans to go public because the IPO window is anticipated to be flung huge open by SpaceX’s historic June debut, adopted by extremely anticipated listings from OpenAI and Anthropic later this yr.
Final fall, the startup employed Jimmy Sexton, who beforehand ran investor relations at Snowflake, one in every of ClickHouse’s primary opponents, as chief monetary officer. Bringing on a CFO is usually seen as a sign that an organization is getting ready for public markets.
The corporate has already acquired six startups, together with Langfuse, which helps builders observe and consider AI agent efficiency. Izrailevsky indicated that ClickHouse plans to stay acquisitive, trying to scoop up “comparatively younger, however exhibiting very promising expertise” startups, usually open-source, that complement its core product suite.
The expertise behind ClickHouse was initially developed inside Russian search big Yandex 17 years in the past, however spun out as an impartial startup in 2021.
ClickHouse has over 4,000 clients, together with Anthropic, Meta, Capital One, and Decagon.
The startup’s open-source database is designed to course of the large datasets required by AI brokers. ClickHouse generates income by promoting managed cloud companies. Izrailevsky claimed that this industrial providing finally prices purchasers lower than self-managing the open-source model. It “is one thing that’s a little bit counterintuitive, however it additionally has been a giant tailwind for us,” he mentioned.
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