Founders Raise $100M For Their AI Sales Startup That’s Now Valued At $3B
Clay, an AI tool for sales representatives and marketers, has raised $100 million with a $3.1 billion valuation. CapitalG led the round with involvement from Meritech Capital Partners and Sequoia Capital, according to The New York Times.
“This funding will helps us more deeply invest in our product and community, to whom we owe our deepest gratitude. Thank you to our partners, our team, and our customers,” Kareem Amin, Clay’s co-founder and chief executive, said in a LinkedIn post.
About Clay
Founded in 2017 by Kareem Amin and Nicolae Rusan, Clay uses AI to help marketers and sales teams discover high-quality leads and generate personalized outreach. The platform automates everything from finding new prospects to crafting emails, using data sources like Google Maps and web scraping to enrich customer insights.
For example, Amin told The New York Times that one client used Clay to scan Google Maps for warehouses in a specific area, then counted the number of occupied outdoor parking spots to identify likely active businesses.
Clay now serves more than 10,000 paying customers, including OpenAI and Google, and employs about 180 people. The company is projecting $100 million in annual recurring revenue by the end of the year.
Clay’s raised $100 million
Clay’s latest funding comes six months after it announced it had secured $40 million at a $1.25 billion valuation in a Series B extension led by Meritech Capital. It completed a tender offer led by Sequoia at a $1.5 billion valuation, according to Crunchbase News.
This brings Clay’s total raised to $204 million since the company launched. The company told Crunchbase News that it “hasn’t touched” the last round it raised.
Image: Clay
