ClickHouse triples anualized revenue to $250M, charting a path toward an IPO
ClickHouse has achieved an annualized revenue run rate of $250 million, tripling its revenue from the previous year. The company is positioned for an IPO in the coming years, with a current valuation of $15 billion following a significant funding round. ClickHouse continues to expand its customer base and plans to acquire promising technology startups to enhance its offerings.
- ▪ClickHouse's annualized revenue run rate has reached $250 million, tripling from last year.
- ▪The company was valued at $15 billion in January after a $400 million Series D funding round.
- ▪ClickHouse has over 4,000 customers, including major companies like Meta and Capital One.
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Database provider ClickHouse has crossed $250 million in annualized revenue run rate, tripling its business from last year, Yury Izrailevsky, co-founder and president of product and technology, told TechCrunch. Israilevsky expects the revenue figure to reach the high nine figures by the end of the year. ClickHouse was valued at $15 billion in January following a $400 million Series D funding round led by Dragoneer Investment Group. The latest valuation implies a steep forward multiple of over 60 times annualized revenue. The fast revenue growth and premium valuation position the less-than-five-year-old company for an IPO within the next few years, according to Izrailevsky (pictured left).
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