Snowflake Challenger ClickHouse Targets $6 Billion Valuation

Investors have reaped billions of dollars in gains from backing database software firms Snowflake and Databricks. Now venture capitalists are circling ClickHouse, a startup some investors believe could rival the incumbents, particularly as the rise of artificial intelligence increases demand for  its database software.

The startup is in talks to raise at a $6 billion valuation, triple that of four years ago, according to two people with knowledge of the deal. New investor Khosla Ventures is in talks to lead the round, which is likely to be in the hundreds of millions of dollars. The deal isn’t finalized and terms could change.