-9%

est. 2Y upside i

DevOps & InfraSeries D+

Open source columnar database for real-time analytics and data warehousing

Rank

#1902

Sector

Data Infrastructure / Cloud Databases

Est. Liquidity

~3Y

Data Quality

Data: Medium

ClickHouse has genuine technical differentiation but $15B at 156x ARR prices in most of the bull case.

Last updated: March 20, 2026

Bull (25%)+200%

Dominant real-time OLAP for AI/ML. $500M+ ARR by 2028, 30-40x at IPO.

Base (45%)+40%

Growth to 80-100%, $250-350M ARR, IPO at 15-20x. Modest gains from $15B.

Bear (30%)-55%

OSS forks erode monetization, Snowflake/Databricks ship real-time, down round.

Est. time to liquidity~3.0 years
Adjusted for competitive dynamics: 47% (raw: -9%, adjustment: -5%)

Preference Stack Risk

high

Funding Intensity

7%

$1.05B raised; sub-$15B exit wipes common. Series D $400M has strong protection.

Dilution Risk

moderate

7% funding intensity is efficient; option pool refreshes 10-15%.

Secondary Liquidity

limited

Forge/EquityZen at 20-30% discount possible.

Other — 164 roles

View all 164 open roles at ClickHouse →

Last updated: March 10, 2026

Questions to Ask at the Interview

Strategic questions based on ClickHouse's data — designed to show you've done your homework.

  • 1

    “Current ARR and growth deceleration?”

  • 2

    “Preference layers above common?”

  • 3

    “Secondary/tender program?”

Cluster Peers

Expected Upside

ClickHouse
-9%
PlanetScale
-47%
Supabase
-69%
CockroachDB
-69%

Community

Valuation Sentiment

Our model estimates -9% upside. What do you think?

Anonymous. Do not share material non-public information.

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.