ClickHouse, a database technology startup and leader in real-time analytics, data warehousing, observability, and AI/ML, announced today it has raised $350 million in a Series C funding round.
This round was led by Khosla Ventures, with participation from new investors BOND, IVP, Battery Ventures, and Bessemer Venture Partners, as well as existing investors including Index Ventures, Lightspeed, GIC, Benchmark, Coatue, FirstMark, and Nebius. This round follows earlier investments of over $300 million, bringing total funding to over $650 million — and valuing the company at $6.35 billion.
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ClickHouse plans to use this combined funding to scale product development, support global expansion, and deepen partnerships with customers and technology providers building the next wave of AI-native applications, according to the company’s statement. In addition to the financing, ClickHouse has secured a $100 million credit facility led by Stifel and Goldman Sachs.
As of this quarter, the company is nearing an annualized revenue run rate of $100 million, said Aaron Katz, ClickHouse’s co-founder and CEO. “That’s a speedy growth trajectory, after the company launched its cloud product in 2022.”
ClickHouse, which is based in Silicon Valley, has offices in the Netherlands and other countries. It was spun out four years ago from tech company Yandex N.V., and aims to compete with companies like Snowflake Inc. and Databricks Inc. in the market for software that lets customers analyze and organize large volumes of data.
Among the startup’s customers are AI company Anthropic and carmaker Tesla Inc., as well as the Memorial Sloan Kettering Cancer Center. “AI is just one driver” of adoption, Katz said in a statement. Katz says the company will use the funding to fuel international expansion, win over big customers and make more acquisitions. The company has already purchased smaller startups like HyperDX and PeerDB.
Of late, Khosla Ventures has consistently shown interest in tech and AI-related startups. Recently, it led a seed funding round for Onyx, an AI enterprise search platform. Previously, the venture capital firm had also invested $405 million in OpenAI.