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ClickHouse Raises $350M, Valuation Doubles to $6.35B Amid AI Boom
ByAinvest
Thursday, May 29, 2025 10:09 am ET1min read
ClickHouse, a database technology startup, has raised $350 million in a funding round led by Khosla Ventures, valuing the company at $6.35 billion. The startup's data platform helps companies run and build AI tools, and has nearly reached an annualized revenue run rate of $100 million. ClickHouse aims to compete with Snowflake and Databricks in the market for data analysis software.
Silicon Valley-based database technology startup ClickHouse Inc. has nearly tripled its valuation to $6.35 billion following a $350 million funding round led by Khosla Ventures [1]. The investment underscores the growing enthusiasm among investors for companies that facilitate the use of artificial intelligence.ClickHouse, which was spun out from Yandex NV in 2021, aims to compete with established players like Snowflake Inc. and Databricks Inc. in the market for data analysis software. The company's data platform is designed to provide fast and cheap responses to queries, making it a valuable tool for companies looking to run and build AI tools, as well as handle day-to-day tasks.
As of this quarter, ClickHouse is nearing an annualized revenue run rate of $100 million [1]. This rapid growth trajectory is a testament to the company's success since launching its cloud product in 2022. The startup has already attracted notable customers such as AI company Anthropic, carmaker Tesla Inc., and the Memorial Sloan Kettering Cancer Center.
The funding round saw the participation of several prominent investors, including Bond Capital, Institutional Venture Partners, Battery Ventures, Bessemer Venture Partners, and existing investors like Index Venture, Lightspeed Venture Partners, Benchmark, and Coatue Management [1]. The funds will be used to fuel international expansion, win over big customers, and facilitate more acquisitions, with the company already having purchased smaller startups like HyperDX and PeerDB.
In addition to the funding round, ClickHouse has secured a $100 million credit facility led by Stifel Nicolaus and Goldman Sachs Group Inc. [1]. The company's technology is expected to play a significant role in accelerating AI adoption, as noted by Khosla partner Ethan Choi.
References:
[1] https://www.bloomberg.com/news/articles/2025-05-29/khosla-led-deal-values-data-startup-clickhouse-at-6-35-billion
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