Khosla Ventures led a $350 million funding round. The startup's data platform, ClickHouse, aims to provide fast and low-cost query responses and will help companies launch and build AI tools, in addition to other day-to-day tasks.
The company is approaching $100 million in annual revenue this quarter, according to Aaron Katz, ClickHouse’s co-founder and CEO, who declined to give specific numbers. That’s a rapid growth trajectory since the company launched its cloud product in 2022.
Khosla partner Ethan Choi said the company's technology will help accelerate AI adoption. “There aren't many companies like ClickHouse,” he said.
The Silicon Valley-based startup with offices in the Netherlands and other countries was spun off from Yandex NV four years ago and aims to compete with companies such as Snowflake Inc. and Databricks Inc. in the market for software that allows customers to analyze and organize large amounts of data. The companies are facing growing demand as businesses use these types of products to store and prepare that information for use in AI systems.
The startup's clients include AI company Anthropic and automaker Tesla Inc.
ClickHouse dates back to 2009, when it was created as a database management system for Yandex. After Russia’s invasion of Ukraine, the Dutch company Yandex NV, the parent company of the Russian search giant, sold its Russian business. In 2024, it took on a new name: Nebius Group NV. Nebius now owns less than 30% of ClickHouse.
Source: crunchbase
