Sales Automation Startup Clay Raises $100 Million in Series C Funding
Clay, a sales automation startup, has successfully raised a $100 million Series C funding round at an impressive $3.1 billion valuation. This latest round was led by CapitalG, confirming earlier reports from JS back in June.
This recent financing follows a $1.25 billion Series B round that took place just six months ago, as well as a $1.5 billion Sequoia-led tender offer that was announced a couple of months prior. The tender offer allowed most employees to sell some of their shares in the company.
With this Series C funding, Clay has now raised a total of $204 million in funding. Existing investors such as Meritech Capital, Sequoia Capital, First Round Capital, BoxGroup, and Boldstart all participated in this latest round. Additionally, a new investor, Sapphire Ventures, joined in to support Clay’s growth.
Founded eight years ago, Clay offers AI-powered tools to assist salespeople and marketers in their day-to-day operations. The company boasts an impressive list of clients, including well-known names such as OpenAI, Anthropic, Canva, Intercom, and Rippling.
According to Clay’s co-founder and CEO, Kareem Amin, the company is on track to reach $100 million in revenue by the end of the year. This would mark a significant milestone for Clay, as it would triple its revenue from the previous year.
