At a Glance
- Database provider ClickHouse raised $400 million at a $15 billion valuation
- The round was led by Dragoneer Investment Group with participation from Bessemer Venture Partners, GIC, Index Ventures, Khosla Ventures, and Lightspeed Venture Partners
- The deal values ClickHouse at 2.5 times its previous $6.35 billion valuation from May 2025
- Why it matters: The funding signals strong investor confidence in AI infrastructure companies despite market volatility
ClickHouse has secured $400 million in new funding at a $15 billion valuation, representing a 2.5x increase from its previous $6.35 billion valuation in May 2025, according to Bloomberg. The database provider, which spun out from Russian search giant Yandex in 2021, develops software designed to process massive datasets required by AI agents.
Funding Details and Valuation Jump
The funding round was led by Dragoneer Investment Group, ClickHouse announced. Multiple prominent venture capital firms participated in the round:
- Bessemer Venture Partners
- GIC
- Index Ventures
- Khosla Ventures
- Lightspeed Venture Partners
This latest valuation of $15 billion represents significant growth from the company’s May 2025 valuation of $6.35 billion, marking a 2.5x increase in just eight months.
Langfuse Acquisition
Alongside the funding announcement, ClickHouse revealed it has acquired 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 acquisition strengthens ClickHouse’s position in the AI infrastructure market by adding observability capabilities for AI applications.
Business Model and Growth
ClickHouse operates on an open-source model, making money by selling managed cloud services. The company reported that its annual recurring revenue (ARR) grew by more than 250% year-over-year.
The database software processes massive datasets required by AI agents, positioning ClickHouse to compete with established players like Snowflake and Databricks in the data infrastructure market.
Customer Base
ClickHouse serves major enterprise customers across various industries. Notable customers include:
- Meta
- Tesla
- Capital One
- Lovable
- Decagon
- Polymarket
This diverse customer base demonstrates the platform’s ability to handle large-scale data processing requirements across different sectors.
Market Position
The substantial funding round and valuation increase reflect growing investor interest in AI infrastructure companies. ClickHouse’s focus on processing massive datasets for AI applications positions it well as businesses increasingly adopt AI technologies.
The company’s open-source approach combined with managed cloud services has proven successful, as evidenced by its rapid ARR growth and ability to attract both venture capital investment and major enterprise clients.
Key Takeaways
- ClickHouse’s valuation increased 2.5x to $15 billion in just eight months
- The company raised $400 million led by Dragoneer Investment Group
- Strategic Langfuse acquisition adds AI observability capabilities
- ARR growth exceeded 250% year-over-year
- Strong enterprise customer base includes Meta, Tesla, and Capital One
