Database analytics company ClickHouse has reached a valuation of $15 billion in its latest funding round, riding strong investor appetite for infrastructure firms benefiting from the artificial intelligence boom, Chief Executive Aaron Katz said on Friday.
The company raised $400 million in a Series D round led by Dragoneer Investment Group, with participation from Bessemer Venture Partners, GIC and Index Ventures, among others.
As companies race to deploy AI-powered products, demand has surged for real-time analytics platforms that can handle rapidly growing data volumes with speed and efficiency. ClickHouse’s software is designed to deliver fast, low-cost responses to complex queries, making it attractive for use cases such as product telemetry, observability, security monitoring and cloud-based data warehousing.
Michael Ashley Schulman, a partner at Running Point Capital Advisors, said firms embedding AI features across their products increasingly need “fast, cheap, real-time analytics” to support performance and scale. He added that ClickHouse competes directly with players such as Databricks and Snowflake, and that a $15 billion valuation implies expectations of rapid growth in recurring revenue, margins and long-term customer retention.
The sector has seen a wave of large fundraises, underscoring investor confidence. Last month, Databricks raised more than $4 billion at a valuation of $134 billion, highlighting the momentum behind data and AI infrastructure companies.
Alongside the funding announcement, ClickHouse said it has acquired Langfuse, an open-source platform used to build, test and monitor large language models. The move strengthens ClickHouse’s position as companies seek more robust tools to manage and observe AI systems in production.
Founded in 2009, ClickHouse develops open-source database software for real-time analytics. Its customers include Meta Platforms, Cursor, Sony and Tesla. Through its cloud service, the company helps businesses rapidly analyze large datasets powering products, monitoring systems and AI-driven applications.
