ClickHouse has reached more than $250 million in annualized revenue run rate, tripling its business from the prior year. Revenue is expected to grow into the high nine figures by year end. The company was valued at $15 billion after a $400 million Series D round, implying a forward multiple above 60 times annualized revenue. Rapid growth and premium valuation support expectations of an IPO within the next few years. The company hired a CFO with investor relations experience from Snowflake, and it has acquired six startups, including Langfuse. ClickHouse was originally developed at Yandex and spun out in 2021. It serves over 4,000 customers and monetizes through managed cloud services built on an open-source database for AI agent workloads.
"ClickHouse has crossed $250 million in annualized revenue run rate, tripling its business from last year, Yury Izrailevsky, co-founder and president of product and technology, told TechCrunch. Israilevsky expects the revenue figure to reach the high nine figures by the end of the year."
"ClickHouse was valued at $15 billion in January following a $400 million Series D funding round led by Dragoneer Investment Group. The latest valuation implies a steep forward multiple of over 60 times annualized revenue. The fast revenue growth and premium valuation position the less-than-five-year-old company for an IPO within the next few years, according to Izrailevsky (pictured left)."
"Last fall, the startup hired Jimmy Sexton, who previously ran investor relations at Snowflake, one of ClickHouse's main competitors, as chief financial officer. Bringing on a CFO is often viewed as a signal that a company is preparing for public markets. The company has already acquired six startups, including Langfuse, which helps developers track and evaluate AI agent performance."
"Izrailevsky indicated that ClickHouse plans to remain acquisitive, looking to scoop up "relatively young, but showing very promising technology" startups, typically open-source, that complement its core product suite. The technology behind ClickHouse was originally developed inside Russian search giant Yandex 17 years ago, but spun out as an independent startup in 2021. ClickHouse has over 4,000 customers, including Anthropic, Meta, Capital One, and Decagon."
Read at TechCrunch
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