Database provider ClickHouse secures $400 million in $15 billion valuation, Bloomberg reports reported, representing about a 2.5x increase from the $6.35 billion value last May. The round was led by Dragoneer Investment Group, the beginning saidwith participation from investors including Bessemer Venture Partners, GIC, Index Ventures, Khosla Ventures, and Lightspeed Venture Partners.
ClickHouse, which will spin out of Russian search giant Yandex in 2021, is developing database software designed to process the large data sets needed 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 AI agents. Langfuse competes directly with LangSmithLangChain observation platform.
ClickHouse’s database is open-source, and it makes money by selling managed cloud services, which have seen annual recurring revenue (ARR) grow by more than 250% year over year, he said. The company’s customers include Meta, Tesla, Capital One, Lovable, Decagon, and Polymarket.