ClickHouse says annualized revenue run rate has reached $250 million

In short: ClickHouse says its annualized revenue run rate has reached $250 million, and the company is starting to look like it could go public in the next few years.

What happened

ClickHouse, a company that sells database software, told TechCrunch it has crossed $250 million in annualized revenue run rate. That is a way of estimating a full year of revenue based on the company’s recent pace (like looking at one month’s paycheck and projecting a yearly salary).

The company said this figure is about triple what it was last year. ClickHouse president and co-founder Yury Izrailevsky also said he expects the number to reach the “high nine figures” by the end of the year.

In January, ClickHouse was valued at $15 billion after raising $400 million in a Series D funding round led by Dragoneer Investment Group. Last fall, ClickHouse hired a chief financial officer, Jimmy Sexton, who previously worked at Snowflake, a major competitor. Hiring a CFO is often a sign a company is preparing for the extra financial reporting and scrutiny that comes with being public.

ClickHouse has also been buying other startups. It has acquired six so far, including Langfuse, a tool that helps teams track and evaluate how well AI agents perform. AI agents are AI systems that can carry out tasks in software more independently, like a junior assistant that can follow steps.

Why it matters

ClickHouse’s growth matters because databases are the “filing cabinets” many AI products rely on to store and quickly search huge amounts of information. If ClickHouse continues growing and does pursue an IPO, it could become one of the more visible infrastructure companies behind AI services used by large businesses.

Source: TechCrunch AI