ClickHouse revenue triples, eyes IPO

Database provider ClickHouse has achieved a significant milestone, tripling its annualized revenue run rate to $250 million. This rapid growth, coupled with a recent $15 billion valuation, positions the company as a strong candidate for an Initial Public Offering within the next few years. ClickHouse has also been actively acquiring smaller, promising technology startups, particularly in the open-source AI infrastructure space, to enhance its core product offerings. The company's managed cloud services, built on its open-source database designed for AI data processing, are proving to be a key driver of its success and customer adoption.