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Database provider ClickHouse crossed $250 million in annual revenue, tripling its business from last year, Yury Izrailevsky, co-founder and president of sales and technology, told TechCrunch. Israilevsky expects the revenue to reach nine figures by the end of the year.
ClickHouse was a great value at $15 billion in January following a $400 million Series D round led by Dragoneer Investment Group. The latest calculations mean an increase of more than 60 per year.
The rapid growth of revenue and the valuation of the stock price will make the company less than five years old for the IPO in the next few years, according to Izrailevsky (picture on the left). ClickHouse joins the small, but growing list Tech startups showing plans to go public as the IPO window is expected to open include historic SpaceX in June, followed by highly anticipated listings from OpenAI and Anthropic later this year.
Last fall, the founders hired Jimmy Sexton, who previously ran business relations at Snowflake, one of ClickHouse’s competitors, as chief financial officer. Bringing on a CFO is often seen as a sign that a company is preparing for the public markets.
The company has already acquired six startups, including Langfuse, which help developers track and evaluate the effectiveness of AI. Izrailevsky pointed out that ClickHouse plans to remain interested, looking to find “young, but very promising technology providers”, which are often open, that meet its requirements.
ClickHouse’s technology was originally developed within the Russian search giant Yandex 17 years ago, but emerged as an independent startup in 2021.
ClickHouse has over 4,000 clients, including Anthropic, Meta, Capital One, and Decagon.
The basic open source platform is designed to handle the large scale tasks required by AI agents. ClickHouse makes money by selling cloud-based services. Izrailevsky said that these products cost customers less than self-regulation. “It’s a little bit controversial, but it’s been very difficult for us,” he said.
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