Private Markets, Angel and Secondary Investing, Sacra

Sacra

Private Markets, Angel and Secondary Investing

Bringing transparency to private markets so investors, founders, and employees can build on conviction. Sacra delivers deeply researched insights on the private companies shaping tomorrow's markets. By surfacing the data, context, and operator perspective that are missing from private markets today, we help secondary buyers and sellers price equity accurately and unlock liquidity for the people building these businesses.

Private Capital Markets

<ul><li>Sacra estimates that ClickHouse hit $350M in annual recurring revenue (ARR) in August 2026, up from $160M at the end of 2025.</li><li>ClickHouse raised $400 million in a Series D round led by Dragoneer Investment Group in January 2026 at a reported valuation of approximately $15 billion.</li><li>Co-founder and President of Product and Technology Yury Izrailevsky stated in May 2026 that ClickHouse is targeting an initial public offering within the next few years, without disclosing a specific listing timetable.</li></ul>

Sacra estimates that ClickHouse hit $350M in annual recurring revenue (ARR) in August 2026, up from $160M at the end of 2025.ClickHouse raised $400 million in a Series D round led by Dragoneer Investment Group in January 2026 at a reported valuation of approximately $15 billion.Co-founder and President of Product and Technology Yury Izrailevsky stated in May 2026 that ClickHouse is targeting an initial public offering within the next few years, without disclosing a specific listing timetable.

<ul><li>ClickHouse’s architecture has made it the default observability database for AI companies like Anthropic and OpenAI.</li><li>ClickHouse hit $250M ARR in May 2026, up from $160M at the end of 2025 (+256% YoY).</li><li>Through 6 acquisitions in 4 years, ClickHouse has deepened its offering as the agentic AI database via acquisitions of observability platform HyperDX (2025), AI conversation platform LibreChat (2025) & LLM observability platform Langfuse (2026).</li></ul>

ClickHouse’s architecture has made it the default observability database for AI companies like Anthropic and OpenAI.ClickHouse hit $250M ARR in May 2026, up from $160M at the end of 2025 (+256% YoY).Through 6 acquisitions in 4 years, ClickHouse has deepened its offering as the agentic AI database via acquisitions of observability platform HyperDX (2025), AI conversation platform LibreChat (2025) & LLM observability platform Langfuse (2026).

<ul><li>ClickHouse hit $160M in ARR by the end of 2025, growing 256% year-over-year, valued at $15B following a $400M Series D in January 2026.</li><li>ClickHouse was spun out from Yandex in 2021 as a standalone company backed by Benchmark &amp; Index, with its Russian team relocating to Amsterdam.</li><li>ClickHouse monetizes via its managed service ClickHouse Cloud (launched in 2022) through usage-based pricing on storage ($25/TB/month) and compute ($0.22–$0.39/unit/hour).</li></ul>

ClickHouse hit $160M in ARR by the end of 2025, growing 256% year-over-year, valued at $15B following a $400M Series D in January 2026.ClickHouse was spun out from Yandex in 2021 as a standalone company backed by Benchmark &amp; Index, with its Russian team relocating to Amsterdam.ClickHouse monetizes via its managed service ClickHouse Cloud (launched in 2022) through usage-based pricing on storage ($25/TB/month) and compute ($0.22–$0.39/unit/hour).

<ul><li>AstraZeneca moved agentic AI workloads from Databricks to self-hosted ClickHouse because real-time retrieval from petabytes of patient records required sub-200ms latency that Databricks couldn't deliver, reducing the team needed to operate those workloads by roughly 75%.</li><li>ClickHouse and Snowflake coexist for clearly different purposes at AstraZeneca—Snowflake as the foundational governance layer for complex transformations and regulatory reporting, ClickHouse as the real-time speed layer for agentic AI orchestration—suggesting ClickHouse's enterprise TAM is additive rather than replacement.</li><li>ClickHouse's vector search capabilities are being used for compliance-critical RAG workflows in oncology, where the unified approach of storing both metadata and vector embeddings in one system improved accuracy and latency over standalone vector databases while meeting regulatory standards.</li></ul>

AstraZeneca moved agentic AI workloads from Databricks to self-hosted ClickHouse because real-time retrieval from petabytes of patient records required sub-200ms latency that Databricks couldn't deliver, reducing the team needed to operate those workloads by roughly 75%.ClickHouse and Snowflake coexist for clearly different purposes at AstraZeneca—Snowflake as the foundational governance layer for complex transformations and regulatory reporting, ClickHouse as the real-time speed layer for agentic AI orchestration—suggesting ClickHouse's enterprise TAM is additive rather than replacement.ClickHouse's vector search capabilities are being used for compliance-critical RAG workflows in oncology, where the unified approach of storing both metadata and vector embeddings in one system improved accuracy and latency over standalone vector databases while meeting regulatory standards.

AI Program Manager At AstraZeneca On Running self-hosted ClickHouse

<ul><li>ClickHouse excels at observability workloads due to superior compression and performance, enabling 3x longer log retention at half the cost of alternatives like OpenSearch.</li><li>ClickHouse Cloud's decoupled storage and compute architecture doesn't fully solve the elasticity problem, with customers often finding the cloud offering too expensive compared to self-hosting.</li><li>ClickHouse's append-only architecture struggles with transactional workloads that require ACID compliance and upserts, creating an opening for competitors like Firebolt that handle both analytical and transactional patterns.</li></ul>

ClickHouse excels at observability workloads due to superior compression and performance, enabling 3x longer log retention at half the cost of alternatives like OpenSearch.ClickHouse Cloud's decoupled storage and compute architecture doesn't fully solve the elasticity problem, with customers often finding the cloud offering too expensive compared to self-hosting.ClickHouse's append-only architecture struggles with transactional workloads that require ACID compliance and upserts, creating an opening for competitors like Firebolt that handle both analytical and transactional patterns.

Product Manager At Firebolt On On Scaling Challenges And ACID Compliance In OLAP Databases

United States

Column-oriented database for real-time SQL analytics on large-scale datasets

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ClickHouse (CLICKHOUSE US)

Primer: ClickHouse - 25 Aug 2026

Column-oriented database for real-time SQL analytics on large-scale datasets

Sacra

$250M/year Databricks For AI Agents

TL;DR: From prompts, tools calls, and traces to evals & cost data, agent telemetry has become the new clickstream, and ClickHouse’s architecture...

Sacra

ClickHouse At $160M ARR

TL;DR: Built inside the “Google of Russia” Yandex to power real-time analytics, ClickHouse has carved out a distinct niche from Snowflake and...

Sacra

AI Program Manager At AstraZeneca On Running self-hosted ClickHouse

Can you tell me about your professional background and what kind of work you do...

Sacra

Product Manager At Firebolt On On Scaling Challenges And ACID Compliance In OLAP Databases

Can you summarize your professional background and the types of database and big-data work you do...

Sacra

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