ClickHouse has pushed its annualized revenue run rate past $250 million, tripling last year’s figure. Co‑founder Yury Izrailevsky told TechCrunch the company is on track to hit high‑nine‑figure sales before year‑end. The jump reflects a surge in demand for the open‑source database that powers AI workloads across industries from banking to healthcare and retail in the US.

A $400 million Series D led by Dragoneer lifted ClickHouse’s valuation to $15 billion in January, implying a multiple exceeding 60 times revenue. Investors see the startup as a contender for a public listing, especially after SpaceX’s June debut and the planned IPOs of OpenAI and Anthropic, which are reshaping the tech market for the global tech scene.

ClickHouse’s chief financial officer, former Snowflake investor‑relations executive Jimmy Sexton, joined last fall, a move that signals IPO readiness. The firm has already acquired six startups, including Langfuse, and plans to keep buying “relatively young, but showing very promising technology” open‑source outfits that dovetail with its core product suite for data analytics at scale today.

Originating from Yandex, ClickHouse serves more than 4,000 customers such as Anthropic, Meta, Capital One, and Decagon. Its managed cloud services cost clients less than self‑hosting the open‑source engine, a counterintuitive advantage that has driven adoption. With revenue growth, a premium valuation, and a CFO in place, an IPO looms for investors and technology leaders today.