Clay Confirms $100M Series C at $3.1B Valuation, $100M Revenue Goal

Sales automation startup Clay has confirmed the closure of a $100 million Series C funding round, valuing the company at $3.1 billion. The financing was led by CapitalG, corroborating an earlier report from TechCrunch in June.

This latest capital infusion brings Clay’s total funding to $204 million. The Series C round saw participation from existing investors Meritech Capital, Sequoia Capital, First Round Capital, BoxGroup, and Boldstart, with Sapphire Ventures joining as a new backer. This funding follows a previous Series B round and a tender offer that allowed most employees to sell some of their shares.

The 8-year-old startup specializes in providing AI-powered tools designed to assist salespeople and marketers. Clay boasts a notable client roster, including companies such as OpenAI, Anthropic, Canva, Intercom, and Rippling.

According to Clay co-founder and CEO Kareem Amin, who spoke to The New York Times, the company projects to achieve $100 million in revenue by the end of the year. This figure would represent a significant tripling of its revenue from the previous year.