AI tools<\/a>, companies covet real-time analytics software providers such as ClickHouse \u2060that help manage soaring data \u200cvolumes and performance needs.<\/p>\n“As companies bolt AI features onto everything, they need fast, cheap, real-time analytics for product \u200dtelemetry, observability, security, and data warehousing in cloud form,” said Michael Ashley Schulman, partner at Running Point Capital Advisors.<\/p>\n
Last month, Databricks, which helps firms manage large \u200bamounts of data and build their own AI models, raised more \u200cthan $4 billion at a valuation of $134 billion, highlighting the sector’s momentum.<\/p>\n
ClickHouse’s technology enables “fast and cheap responses to queries,” helping companies run and build AI tools, and competes with players such as Databricks and Snowflake, Schulman said.<\/p>\n
“A $15 billion (valuation) implies that the venture round is underwriting a very sharp \u2060ramp in ARR, margins and durable retention.”<\/p>\n
ClickHouse \u200bon Friday also announced the acquisition of \u200bLangfuse, an open-source platform that helps create, test and monitor large language models.<\/p>\n
LLMs are artificial intelligence systems trained on \u200dmassive amounts of data \u2060to generate human-like language.<\/p>\n
Founded in 2009, ClickHouse, whose customers include Meta, Cursor, Sony and Tesla, develops open-source database software for real-time \u2060analytics.<\/p>\n
Its cloud service helps companies quickly analyze large amounts of data for products, monitoring \u200csystems and AI-driven applications.<\/p>\n
(Reporting by Prakhar Srivastava in Bengaluru; Editing \u200cby Tasim Zahid and Sahal Muhammed)<\/p>\n","protected":false},"excerpt":{"rendered":"By Prakhar Srivastava Jan 16 (Reuters) – Database management company ClickHouse was valued at $15 billion in its…\n","protected":false},"author":2,"featured_media":413902,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[62,276,174023,277,23948,49,48,174024,174020,174022,174021,126527,174025,110537,61],"class_list":{"0":"post-413901","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-artificial-intelligence","8":"tag-ai","9":"tag-artificial-intelligence","10":"tag-artificial-intelligence-boom","11":"tag-artificialintelligence","12":"tag-bessemer-venture-partners","13":"tag-ca","14":"tag-canada","15":"tag-ceo-aaron-katz","16":"tag-clickhouse","17":"tag-database-management-company","18":"tag-dragoneer-investment-group","19":"tag-index-ventures","20":"tag-investor-enthusiasm","21":"tag-michael-ashley-schulman","22":"tag-technology"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/413901","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=413901"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/413901\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/413902"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=413901"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=413901"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=413901"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}