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Database provider ClickHouse secured $400 million at a $15 billion valuation, Bloomberg reported,<\/a> representing about a 2.5x increase from its $6.35 billion valuation last May. The round was led by Dragoneer Investment Group, the startup said<\/a>, with participation from investors including Bessemer Venture Partners, GIC, Index Ventures, Khosla Ventures, and Lightspeed Venture Partners.<\/p>\n ClickHouse, which spun out from Russian search giant Yandex in 2021, develops database software designed to process the massive datasets required by AI agents. The company competes with Snowflake and Databricks.<\/p>\n The company also announced the acquisition of Langfuse, a startup that helps developers track and evaluate the performance of their AI agents. Langfuse competes directly with LangSmith<\/a>, LangChain\u2019s observability platform.<\/p>\n ClickHouse database is open sourced, and it makes money by selling managed cloud services, which saw annual recurring revenue (ARR) grow by more than 250% year-over-year, it said. The company\u2019s customers include Meta, Tesla, Capital One, Lovable, Decagon, and Polymarket.<\/p>\n<\/div>\n