Database provider ClickHouse has achieved a remarkable $250 million annualized revenue run rate, tripling its business from last year. Co-founder Yury Izrailevsky expects this figure to reach high-nine digits by the end of the year. Valued at $15 billion following a recent funding round, ClickHouse is positioned for an IPO within the next few years.

The company’s rapid growth and premium valuation are signaling its readiness to go public. Last fall, it hired Jimmy Sexton from Snowflake as chief financial officer, a move often seen as preparatory for a public market listing. With plans to remain acquisitive, ClickHouse aims to integrate promising open-source startups that complement its core product suite.

Originally developed inside Yandex in 2006 but spun out as an independent startup in 2021, ClickHouse’s technology is designed for processing massive datasets required by AI agents. It generates revenue through selling managed cloud services, which Izrailevsky claims ultimately cost clients less than self-managing the open-source version.

With over 4,000 customers including Anthropic, Meta, Capital One and Decagon, ClickHouse’s strategic acquisitions and robust financial performance position it as a major player in the tech landscape. As the IPO window is expected to open wider by SpaceX's debut and highly anticipated listings from OpenAI and Anthropic, ClickHouse seems well-placed for its moment.