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Clickhouse Raises $250M Series B To Scale Groundbreaking Olap Database Management System Globally

Clickhouse Raises $250M Series B To Scale Groundbreaking Olap Database Management System Globally

10/28/21, 2:00 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgsan francisco
Money raised
$250 million
Round Type
series b
ClickHouse, Inc., creators of the online analytical processing (OLAP) database management system, announced today that it has raised $250 million in Series B funding at a $2 billion valuation. The investment was led by Coatue and Altimeter, with participation from Index Ventures, Benchmark, Lightspeed, Redpoint, Almaz, Yandex N.V., FirstMark and Lead Edge. The superior speed of ClickHouse’s technology, combined with its rapid adoption by industry leaders, signals the rise of a once-in-a-decade company. “We have been following the ClickHouse project for years,” said Caryn Marooney, General Partner at Coatue

Company Info

Company
Clickhouse
Location
san francisco, california, united states
Additional Info
ClickHouse is an open-source, column-oriented OLAP database management system that allows users to generate analytical reports using SQL queries in real-time. Its technology works 100-1000x faster than traditional database management systems, and processes hundreds of millions to over a billion rows and tens of gigabytes of data per server per second. With a widespread user base around the globe, the technology has received praise for its reliability, ease of use, and fault tolerance. Learn more at clickhouse.com