ClickHouse Valued at $2 Billion in Round After Yandex Spinout

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

The database management business, which was started at Russian web giant Yandex NV, was spun out of that firm and incorporated. Yandex remains an investor in San Francisco-based ClickHouse and retains two board seats.

The financing round was led by Coatue and Altimeter, with participation from Index Ventures, Benchmark, Lightspeed Venture Partners and Redpoint, among others, said ClickHouse Chief Executive Officer Aaron Katz.

Even before generating revenue, ClickHouse has gained traction as an open-source tool that the company ...