ClickHouse Lands $15 Billion Valuation in AI Database Race

Database technology startup ClickHouse Inc. has raised $400 million in a new funding round that values the company at $15 billion — more than double its valuation less than a year ago.

The large deal is a signal of investors’ interest in companies that power artificial intelligence applications, competing with the likes of Databricks Inc. and Snowflake Inc. ClickHouse, which was spun out more than four years ago from Yandex NV, develops database software that companies can use as they develop AI agents — a fast-growing tech industry obsession.

Dragoneer Investment Group led the round with additional investment from Bessemer Venture Partners, Singapore’s GIC, Index Ventures, ...