Sales Automation Startup Clay Secures $100 Million in Series C Funding
Clay, a sales automation startup, has successfully raised $100 million in a Series C funding round, valuing the company at $3.1 billion. This latest funding round was led by CapitalG, following JS’s initial report in June.
This recent financing comes on the heels of a $1.25 billion Series B round just six months ago, as well as a $1.5 billion Sequoia-led tender offer that was announced a couple of months back. The tender offer allowed employees to sell some of their shares, further solidifying Clay’s financial position.
The Series C funding round, which saw participation from existing investors such as Meritech Capital, Sequoia Capital, First Round Capital, BoxGroup, and Boldstart, also welcomed a new backer, Sapphire Ventures. This brings Clay’s total funding to an impressive $204 million.
Founded 8 years ago, Clay specializes in providing AI-powered tools for salespeople and marketers. The company boasts an impressive client roster that includes well-known names such as OpenAI, Anthropic, Canva, Intercom, and Rippling.
Kareem Amin, co-founder and CEO of Clay, shared with The New York Times that the company is on track to achieve $100 million in revenue by the end of the year. This projection represents a significant growth, tripling the revenue generated compared to the previous year.
For more information on Clay’s recent funding round, you can visit here.