ClickHouse, Inc., a San Francisco-based creators of the online analytical processing (OLAP) database management system, announced that it raised $250 million in Series B funding at a $2 billion valuation.
The round was led by Coatue and Altimeter, with participation from Index Ventures, Benchmark, Lightspeed, Redpoint, Almaz, Yandex N.V., FirstMark, and Lead Edge. The superior speed of ClickHouse’s technology, combined with its rapid adoption by industry leaders, signals the rise of a once-in-a-decade company.
With this funding, ClickHouse plans to invest heavily in global growth and will double the size of the company this year, and again in the next. ClickHouse is radically transforming the way companies manage data analytics at scale, and this growth capital will fuel the vision to bring this to the global market.
Company: ClickHouse, Inc.
Round: Series B
Funding Month: October 2021
Lead Investors: Coatue and Altimeter
Additional Investors: Index Ventures, Benchmark, Lightspeed, Redpoint, Almaz, Yandex N.V., FirstMark, and Lead Edge
Company Website: https://clickhouse.com/
Software Category: OLAP database management system
About the Company: ClickHouse is an open-source, column-oriented OLAP database management system that allows users to generate analytical reports using SQL queries in real-time. Its technology works 100-1000x faster than traditional database management systems and processes hundreds of millions to over a billion rows and tens of gigabytes of data per server per second. With a widespread user base around the globe, the technology has received praise for its reliability, ease of use, and fault tolerance. ClickHouse helps us efficiently and reliably analyze logs across trillions of Internet requests to identify malicious traffic and provide customers with rich analytics.