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Clickhouse Launches Clickhouse Cloud, Extends Its Series B

Dec 06, 2022•over 2 years ago

Round Type

series b

Palo AltoSoftwareInformation Technology

Investors

Thrive CapitalBenchmark CapitalIndex Ventures

Description

Since its launch as an open-source project by Yandex in 2016, ClickHouse has become one of the leading databases for online analytical processing (OLAP), allowing businesses to quickly generate ad-hoc reports over very large datasets. In 2021, Yandex spun off ClickHouse into its own company and joined an initial $50 million Series A funding round led by Index Ventures and Benchmark Capital. Two months later, Coatue and Altimeter led the company’s Series B round, with participation from Index Ventures, Benchmark, Lightspeed and Redpoint. Now, ClickHouse is extending this round with fresh capital from Thrive Capital.

Company Information

Company

ClickHouse

Location

Palo Alto, California, United States

About

ClickHouse is a fast, open-source columnar database management system built for real-time data processing and analytics at scale. Engineered for high performance, ClickHouse Cloud delivers exceptional query speed and concurrency, making it ideal for applications that demand instant insight from massive volumes of data. As AI agents become increasingly embedded in software and are generating far more frequent and complex queries, ClickHouse brings a high-throughput, low-latency engine, purpose-built to meet this challenge. Trusted by leading companies like Sony, Tesla, Anthropic, Memorial Sloan Kettering, Lyft, and Instacart, ClickHouse helps teams unlock insights and drive smarter decisions with a scalable, efficient, and modern data platform.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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