Snowflake, Databricks challenger ClickHouse hits $15B valuation

Group 1 - ClickHouse secured $400 million at a $15 billion valuation, representing a 2.5x increase from its previous valuation of $6.35 billion last May [1] - The funding round was led by Dragoneer Investment Group, with participation from notable investors including Bessemer Venture Partners, GIC, Index Ventures, Khosla Ventures, and Lightspeed Venture Partners [1] - ClickHouse, which spun out from Yandex in 2021, develops database software for processing large datasets required by AI agents, competing with companies like Snowflake and Databricks [2] Group 2 - The company announced the acquisition of Langfuse, a startup that helps developers track and evaluate AI agent performance, which competes with LangSmith [2] - ClickHouse's database is open-sourced, generating revenue through managed cloud services, with annual recurring revenue (ARR) growing by over 250% year-over-year [3] - Key customers of ClickHouse include Meta, Tesla, Capital One, Lovable, Decagon, and Polymarket [3]