Database management system (DBMS) developer ClickHouse, founded by Yandex, has raised $250 million in the second round of investments. According to the results of the round, the company's valuation reached $ 2 billion. According to Forbes, the funds are planned to be used to develop international business and increase the number of employees.
The key investors were the Coatue and Altimeter funds. Yandex, Benchmark Capital and Index Ventures also took part in the round.
ClickHouse was created in September 2021. Its DBMS allows you to process large amounts of data in real-time. It is now used by many companies including Uber, Tesla, Spotify, eBay, Alibaba. ClickHouse plans to create a cloud version of the platform and several solutions for large businesses.