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

Sales automation company Clay has successfully closed a $100 million Series C funding round, achieving a valuation of $3.1 billion. This funding round was spearheaded by CapitalG, confirming earlier reports from TechCrunch. This latest influx of capital follows a significant $1.25 billion Series B round completed just six months ago, as well as a $1.5 billion tender offer led by Sequoia, which allowed many employees the opportunity to sell portions of their shares. With this new funding, Clay's total capital raised to date now stands at $204 million. In addition to CapitalG, the Series C round saw participation from existing investors such as Meritech Capital, Sequoia Capital, First Round Capital, BoxGroup, and Boldstart, along with newcomer Sapphire Ventures. Clay, founded eight years ago, provides AI-driven tools that assist salespeople and marketers. The company boasts an impressive client roster, including notable names like OpenAI, Anthropic, Canva, Intercom, and Rippling. According to co-founder and CEO Kareem Amin, Clay anticipates reaching $100 million in revenue by the end of the year, marking a threefold increase from the previous year’s figures.