ClickHouse Valued at $2B in Round After Yandex Spinout

#1

Post by Algunenano » Thu, Oct 28, 2021, 2:01 PM UTC

ClickHouse Valued at $2B in Round After Yandex Spinout
bloomberg.com

Re: ClickHouse Valued at $2B in Round After Yandex Spinout

#2

Post by Algunenano » Thu, Oct 28, 2021, 2:01 PM UTC

Online analytics startup ClickHouse Inc. has raised $250 million in new funding at a $2 billion valuation.

Re: ClickHouse Valued at $2B in Round After Yandex Spinout

#3

Post by PeterZaitsev » Thu, Oct 28, 2021, 2:25 PM UTC

Congrats to the team!

I wonder does ClickHouse Inc sell any products at this point or is this basically valuation given on Clickhouse Adoption alone ?

Re: ClickHouse Valued at $2B in Round After Yandex Spinout

#4

Post by nemo44x » Thu, Oct 28, 2021, 7:56 PM UTC

PeterZaitsev wrote: post #3

Congrats to the team! I wonder does ClickHouse Inc sell any products at this point or is this basically valuation given on Clickhouse Adoption alone ?

It's a valuation based on a bunch of mid-tier VC's panic buying an opportunity. They have nothing as a company. They have an Uber use case (guess what, every database has one of these!) and a few other things. But they have little to no revenue, they don't have a cloud service yet, etc. They have the "right" people but this is a hilarious valuation at this point in their lifecycle considering they just raised at a considerably less valuation recently and nothing has changed.