Clay confirms it closed $100M round at $3.1B valuation

Sales automation startup Clay has officially confirmed a substantial $100 million Series C funding round, securing a significant valuation of $3.1 billion. The round was led by CapitalG, validating earlier reports from TechCrunch regarding the company’s impressive growth and market position.

This latest funding achievement marks a pivotal moment for Clay, underscoring investor confidence in its AI-powered solutions for sales and marketing professionals. The company has experienced rapid development, with this Series C round following closely on the heels of a $1.25 billion Series B round completed just six months ago.

Adding to its financial momentum, Clay also recently saw a $1.5 billion Sequoia-led tender offer, which provided liquidity for many of its employees by allowing them to sell a portion of their shares. These strategic financial maneuvers have now brought Clay’s total funding to $204 million.

The Series C investment was supported by a strong syndicate of existing investors, including prominent firms like Meritech Capital, Sequoia Capital, First Round Capital, BoxGroup, and Boldstart. In addition to this continued backing, Sapphire Ventures also joined as a new investor, signaling further market validation for Clay’s innovative approach.

As an eight-year-old company, Clay is at the forefront of utilizing AI to equip salespeople and marketers with advanced tools. Its platform is designed to enhance efficiency and effectiveness, attracting a distinguished clientele that includes industry innovators such as OpenAI, Anthropic, Canva, Intercom, and Rippling.

In a statement to The New York Times, Clay co-founder and CEO Kareem Amin expressed enthusiasm for the company’s future. Amin projected that Clay is on track to generate $100 million in revenue by the end of the current year. This ambitious forecast represents a threefold increase from the previous year’s revenue, highlighting the company’s accelerated growth trajectory.

The continuous investment and strong revenue projections indicate Clay’s significant impact on the sales automation sector, driven by its commitment to leveraging artificial intelligence for business success.