Clay Raises $100M in Funding at a $3.1B Valuation

Clay, a startup specializing in sales automation, has successfully completed a $100 million Series C funding round, achieving a valuation of $3.1 billion, as reported by TechCrunch in June. This funding round was spearheaded by CapitalG.

This investment follows a $1.25 billion Series B round raised six months ago, along with a $1.5 billion tender offer led by Sequoia, which was revealed just a few months back, allowing many employees to cash in on some of their shares.

With this recent funding, Clay’s total capital raised now stands at $204 million. Existing investors such as Meritech Capital, Sequoia Capital, First Round Capital, BoxGroup, and Boldstart participated in the Series C round, joined by a new investor, Sapphire Ventures.

Founded eight years ago, Clay provides AI-driven tools designed to support sales professionals and marketers, with notable clients including OpenAI, Anthropic, Canva, Intercom, and Rippling.

Kareem Amin, co-founder and CEO of Clay, informed The New York Times that the company expects to hit $100 million in revenue by year-end, which would signify a threefold increase compared to last year’s figures.