Clay Secures $100M Series C at $3.1B Valuation, Bolstering AI-Powered Sales Automation Amidst Rapid Growth

Silicon Valley-based sales automation firm Clay has secured a $100 million Series C funding round, led by CapitalG, elevating its valuation to $3.1 billion. This investment follows two significant financial events – a $1.25 billion Series B round six months prior and a $1.5 billion tender offer announced a couple of months ago.

The recent financing brings Clay’s total funding to an impressive $204 million, with participation from existing investors such as Meritech Capital, Sequoia Capital, First Round Capital, BoxGroup, and Boldstart, along with a new backer, Sapphire Ventures.

Founded eight years ago, Clay offers AI-powered tools to assist salespeople and marketers. Notable clients include OpenAI, Anthropic, Canva, Intercom, and Rippling. According to the company’s co-founder and CEO, Kareem Amin, Clay anticipates achieving $100 million in revenue by year-end, tripling its revenue from the previous year.