Alexey Milovidov, announcing the formation of a (VC funded) corporation around ClickHouse, an open source analytics DBMS:
Today I’m happy to announce ClickHouse Inc., the new home of ClickHouse. The development team has moved from Yandex and joined ClickHouse Inc. to continue building the fastest (and the greatest) analytical database management system. The company has received nearly $50M in Series A funding led by Index Ventures and Benchmark with participation by Yandex N.V. and others. I created ClickHouse, Inc. with two co-founders, Yury Izrailevsky and Aaron Katz. I will continue to lead the development of ClickHouse as Chief Technology Officer (CTO), Yury will run product and engineering, and Aaron will be CEO.
ClickHouse wasn’t always a business. It also wasn’t always open source.
Making ClickHouse open source was also not an easy decision, but now I see: doing open source is hard, but it is a big win. While it takes a tremendous effort and responsibility to maintain a popular open-source product, for us, the benefits outweigh all the costs. Since we published ClickHouse, it has been deployed in production in thousands of companies across the globe for a wide range of use cases, from agriculture to self-driving cars.