ClickHouse Revenue Triples to $250M, IPO on Horizon
ClickHouse, a database provider, has increased its annualized revenue run rate to $250 million, a threefold rise, with co-founder Yury Izrailevsky forecasting high nine figures by the end of the year. After securing $400 million in a Series D funding round led by Dragoneer Investment Group in January, the startup is now valued at $15 billion, boasting a revenue multiple exceeding 60 times. Izrailevsky expects an IPO in the coming years, aligning with a surge of tech listings following SpaceX's June debut and upcoming offerings from OpenAI and Anthropic. Last fall, ClickHouse appointed Jimmy Sexton, previously with Snowflake, as CFO, indicating readiness for public markets. The company, which spun out from Yandex 17 years ago, has acquired six startups, including Langfuse, and serves over 4,000 clients, such as Anthropic and Meta.
Key facts
- ClickHouse crossed $250 million in annualized revenue run rate, tripling from last year.
- Valued at $15 billion after a $400 million Series D led by Dragoneer Investment Group in January.
- Co-founder Yury Izrailevsky expects revenue to reach high nine figures by end of year.
- IPO planned within next few years, joining a wave of tech listings after SpaceX's June debut.
- Hired Jimmy Sexton, former Snowflake investor relations head, as CFO last fall.
- Acquired six startups, including Langfuse for AI agent evaluation.
- Technology originally developed inside Yandex 17 years ago; spun out in 2021.
- Over 4,000 customers including Anthropic, Meta, Capital One, and Decagon.
Entities
Institutions
- ClickHouse
- TechCrunch
- Dragoneer Investment Group
- Snowflake
- Langfuse
- Yandex
- Anthropic
- Meta
- Capital One
- Decagon
- SpaceX
- OpenAI