速递｜开源数据库ClickHouse挑战Snowflake，估值三年翻三倍达60亿美元

Core Insights - Investors have profited billions from database software companies Snowflake and Databricks, and now venture capitalists are closely watching ClickHouse, which is seen as a potential challenger to existing giants amid rising demand for database software due to the AI boom [1][3] - ClickHouse is reportedly negotiating a funding round at a $6 billion valuation, three times its valuation from four years ago, with Khosla Ventures expected to lead the round, potentially raising hundreds of millions [1][2] Company Overview - ClickHouse's software stores and manages digital event data, which is crucial for AI developers. The software has been used by programming assistants like Poolside to process data and evaluate AI accuracy [1] - The core software of ClickHouse is open-source, but the company charges enterprises for managed cloud services based on their functional needs and resource usage. As of the end of Q1, ClickHouse's annual recurring revenue was approximately $70 million [2] Competitive Landscape - Despite revenue growth, ClickHouse's new valuation will result in a forward revenue multiple significantly higher than its competitors. The company targets large enterprises, similar to Snowflake, which generated $3.6 billion in revenue in its most recent fiscal year [3] - ClickHouse is noted for its superior real-time analytics capabilities compared to Snowflake, with some investors highlighting its speed and cost-effectiveness as advantages [3] - ClickHouse also competes with companies like Elastic and Datadog, which focus on real-time event analytics [4] Company History - ClickHouse was initially developed by Alexey Milovidov during his tenure at Yandex, with the first version released in 2012 to power Yandex Metrica. It became an open-source project in 2016 [4] - In September 2021, Yandex spun off ClickHouse into an independent company, raising $50 million in Series A funding led by Index Ventures. Later that year, it secured $250 million in Series B funding at a $2 billion valuation, led by Coatue Management and Altimeter Capital [5]