ClickHouse

History

2021

Raising $250 million, estimated at $2 billion

At the end of October 2021, the company ClickHouse, created Yandex"" to develop open, DBMS attracted $250 million in investments and was valued at $2 billion as part of the financing round. The funds received are planned to be spent on the development of international business. startup ClickHouse Plans to double the number of staff in a short time.

The leading investors in this transaction were Coatue and Altimeter funds. The founders of the company, Benchmark Capital, Index Ventures and Yandex itself, have ClickHouse invested in the company. Other investors include Lightspeed, Redpoint, Almaz, FirstMark and Lead Edge. Benchmark is a US fund that has invested in Uber and Twitter in the past. Index Ventures is also from the United States, it has invested in Revolut, Dropbox and Ozon.

The company ClickHouse, created by Yandex for the development of an open DBMS, raised $250 million

According to Bloomberg, Yandex not only remains an investor in ClickHouse, but also retains two seats on the board of directors of this company, based in San Francisco.

According to Yandex, after the expansion, the ClickHouse team will continue to develop an open DBMS and will create commercial products based on it. The company intends to release a cloud version of the DBMS and a number of solutions for large businesses.

According to ClickHouse CEO Aaron Katz, even before the project began to generate revenue, it became clear that the open source tool developed by the company could be monetized. This software will help the business accelerate work with this and increase the efficiency of these processes, he said. At the same time, Katz admitted that the market for data analysis tools is already full of products.

Coatue General Partner Caryn Maruni says the company has invested in ClickHouse because "a real-time analytics solution with millisecond delay is needed." Coatue followed the project for many years before it became an independent business, she said.^[1]

Creation of a company in which $50 million was invested

On September 20, 2021, Yandex announced the creation of a new ClickHouse company, within which products will develop on the basis of the open DBMS of the same name. In addition to Yandex, $50 million was invested in this project, Benchmark Capital and Index Ventures venture funds invested in it. Transaction parameters are not disclosed.

Benchmark Capital and Index Ventures were venture investors in Confluent, Hortonworks, Elastic, Docker, MySQL, Cockroach Labs and other start-ups whose business relies on opensors technology. Some of these startups grew into large public companies with a capitalization of more than $10 billion.

Yandex has created a new company for the development of an open DBMS. $50 million invested in it

As noted by the head of development ClickHouse  Alexei Milovidov, such large customers as Uber, Tesla, Spotify, eBay, ByteDance, Alibaba and Tencent use the company's developments. According to the developers, the performance of ClickHouse is several times higher than the indicators of similar column DBMS. The technology can be used for data storage and analysis, monitoring, business intelligence, and other common tasks of any technology business.

Creating a company for us is an opportunity to start a commercial activity around our open code, providing additional services. We have assembled an excellent team that is able to realize all the technological and commercial potential, ClickHouse he said.

According to Interfax, Alexei Milovidov will become the technical director of the new company ClickHouse, and Aaron Katz, who was previously responsible for sales in the Elastic search engine, was chosen its general director. Yuri Izralievsky will be responsible for the development and product in the company. Since 2018, he worked as vice president of development at Google, before that he was a top manager at Netflix.^[2]

Notes