ClickHouse, an open-source rival to Snowflake and Databricks, has raised $400m in a Collection D funding spherical, reportedly at a valuation of $15bn.
Primarily based in Palo Alto, California, ClickHouse specialises in real-time analytics, knowledge warehousing, observability, AI, and machine studying (ML).
Entry deeper business intelligence
Expertise unmatched readability with a single platform that mixes distinctive knowledge, AI, and human experience.
The Collection D spherical was led by Dragoneer Funding Group. It additionally had participation from Bessemer Enterprise Companions, GIC, Index Ventures, Khosla Ventures, Lightspeed Enterprise Companions, and accounts suggested by T. Rowe Worth Associates, and WCM Funding Administration.
The brand new capital follows a interval throughout which ClickHouse’s annual recurring income from its managed ClickHouse Cloud service grew by greater than 250% yr over yr.
The corporate now counts over 3,000 clients utilizing its cloud platform, together with current additions or expansions from organisations comparable to Capital One, Decagon, Lovable, Polymarket, and Airwallex. Its consumer base additionally consists of Meta, Sony, Cursor, and Tesla.
ClickHouse CEO Aaron Katz stated: “ClickHouse was constructed to ship distinctive efficiency and value effectivity for essentially the most demanding knowledge workloads, and this momentum validates that technique.”
ClickHouse has additionally introduced the acquisition of Langfuse, an open-source observability platform designed for big language fashions (LLMs).
Langfuse focuses on monitoring outputs generated by AI methods and noticed adoption develop to over 20,000 GitHub stars and greater than 26 million software program growth kits (SDKs) installs monthly.
Langfuse CEO Marc Klingen stated: “We constructed Langfuse on ClickHouse as a result of LLM observability and analysis is basically a knowledge drawback.
“Now, as one crew, we will ship a tighter end-to-end product: quicker ingestion, deeper analysis, and a shorter path from a manufacturing problem to a measurable enchancment.”
ClickHouse has additionally launched an enterprise-level Postgres service built-in immediately with its present platform. This transfer is aimed to offer a unified knowledge stack for builders of AI functions requiring each transactional and analytical capabilities,
The Postgres service has been developed in partnership with Ubicloud and consists of high-performance storage in addition to change knowledge seize capabilities.
Customers can synchronise transactional knowledge with ClickHouse to allow quicker analytics via a unified question layer powered by a local Postgres extension.
The corporate continues to increase internationally via partnerships comparable to one with Japan Cloud within the Japanese market and one other collaboration with Microsoft Azure targeted on OneLake.
Current product updates embody elevated compatibility with knowledge lake codecs like Apache Iceberg and Delta Lake in addition to enhancements to full-text search capabilities for observability workloads.
Extra options assist demanding AI-related use instances whereas sustaining price-performance ranges that exceed these of different cloud knowledge warehouses in keeping with current benchmarks.
Join our every day information round-up!
Give your small business an edge with our main business insights.
