All posts tagged: 15B

Snowflake, Databricks challenger ClickHouse hits B valuation

Snowflake, Databricks challenger ClickHouse hits $15B valuation

Published by skeptic

Database provider ClickHouse secured $400 million at a $15 billion valuation, Bloomberg reported, representing about a 2.5x increase from its $6.35 billion valuation last May. The round was led by Dragoneer Investment Group, the startup said, with participation from investors including Bessemer Venture Partners, GIC, Index Ventures, Khosla Ventures, and Lightspeed Venture Partners. ClickHouse, which spun out from Russian search giant Yandex in 2021, develops database software designed to process the massive datasets required by AI agents. The company competes with Snowflake and Databricks. The company also announced the acquisition of Langfuse, a startup that helps developers track and evaluate the performance of their AI agents. Langfuse competes directly with LangSmith, LangChain’s observability platform. ClickHouse database is open sourced, and it makes money by selling managed cloud services, which saw annual recurring revenue (ARR) grow by more than 250% year-over-year, it said. The company’s customers include Meta, Tesla, Capital One, Lovable, Decagon, and Polymarket. Source link

Trump administration wants tech companies to buy B of power plants they may not use

Trump administration wants tech companies to buy $15B of power plants they may not use

Published by skeptic

The Trump administration wants the largest electricity grid to add $15 billion worth of new power generation — and he wants tech companies to pay for it, even if they don’t need the capacity. The White House and the governors of several states in the region want grid operator PJM to hold an auction for 15-year contracts for new generating capacity. The administration said it wants tech companies to bid on the contracts even if they don’t ultimately need the power for their data centers. Demand from data centers is expected to increase nearly threefold over the next decade. PJM said it was reviewing the “statement of principles” and that it would soon release the results of a months-long planning process that is looking to add new capacity to the grid. The statement is nonbonding, though, and behind the scenes, PJM doesn’t appear to be jazzed about the administration attempting to force its hand. “We don’t have a lot to say on this,” PJM spokesman Jeffrey Shields told Bloomberg yesterday. “We were not invited to the event …