ClickHouse triples anualized revenue to $250M, charting a path toward an IPO
Key takeaways
- Database provider Click House 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 Tech Crunch.
- Click House was valued at $15 billion in January following a $400 million Series D funding round led by Dragoneer Investment Group.
- 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).
Why this matters: a development in AI with implications for how people work, create, and decide.
Database provider Click House 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 Tech Crunch. Israilevsky expects the revenue figure to reach the high nine figures by the end of the year.
Click House 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 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). ClickHouse joins a small, but growing list of tech startups signaling plans to go public as the IPO window is expected to be flung wide open by SpaceX s historic June debut, followed by highly anticipated listings from OpenAI and Anthropic later this year.