tech
January 17, 2026
Snowflake, Databricks challenger ClickHouse hits $15B valuation
The $400 million round was led by Dragoneer.
TL;DR
- ClickHouse raised $400 million at a $15 billion valuation.
- The funding round was led by Dragoneer Investment Group.
- ClickHouse spun out from Yandex in 2021 and develops database software for AI.
- The company acquired Langfuse, which helps track AI agent performance.
- ClickHouse's open-source database generates revenue through managed cloud services.
- Annual recurring revenue (ARR) for managed cloud services grew over 250% year-over-year.
- Customers include Meta, Tesla, and Capital One.