Key Points
- Clay raised $100 million in Series C round at $3.1 billion valuation
- Led by CapitalG, with existing investors and new backer Sapphire Ventures participating
- Total funding now stands at $204 million
- Claims customers like OpenAI, Anthropic, Canva, Intercom, and Rippling
- Helps salespeople and marketers with AI-powered tools
- Expects to end the year with $100 million in revenue, tripling last year’s revenue
Sales automation startup Clay has confirmed it closed a $100 million Series C round at a $3.1 billion valuation in a round led by CapitalG. This financing follows a $1.25 billion Series B round from six months ago and a $1.5 billion Sequoia-led tender offer announced a couple of months ago, which allowed most employees to sell some of their shares.
The latest deal brings Clay’s total funding to $204 million. Existing investors Meritech Capital, Sequoia Capital, First Round Capital, BoxGroup, and Boldstart also participated in the Series C, and a new backer, Sapphire Ventures, joined the round.
The 8-year-old startup helps salespeople and marketers with AI-powered tools and claims customers like OpenAI, Anthropic, Canva, Intercom, and Rippling. Clay co-founder and CEO Kareem Amin told The New York Times that the company expects to end the year with $100 million in revenue, which would triple its revenue from last year.
Source: techcrunch.com