ClickHouse lands $15 billion valuation in AI database race

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Database technology startup ClickHouse Inc. has raised $400 million in a new funding round that values the company at $15 billion — more than double its valuation less than a year ago.

The large deal is a signal of investors’ interest in companies that power artificial intelligence applications, competing with the likes of Databricks Inc. and Snowflake Inc. ClickHouse, which was spun out more than four years ago from Yandex NV, develops database software that companies can use as they develop AI agents — a fast-growing tech industry obsession.



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ClickHouse lands $15 billion valuation in AI database race



Database technology startup ClickHouse Inc. has raised $400 million in a new funding round that values the company at $15 billion — more than double its valuation less than a year ago.

The large deal is a signal of investors’ interest in companies that power artificial intelligence applications, competing with the likes of Databricks Inc. and Snowflake Inc. ClickHouse, which was spun out more than four years ago from Yandex NV, develops database software that companies can use as they develop AI agents — a fast-growing tech industry obsession.



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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