Clay just raised $100 million in a Series C at a $3.1 billion valuation. The round was led by CapitalG, confirming TechCrunch’s June report.
This follows a massive $1.25 billion Series B six months ago and a $1.5 billion tender offer led by Sequoia announced recently. That tender let most employees sell some shares.
The funding now totals $204 million for the 8-year-old sales automation startup. Big names joined in: Meritech Capital, Sequoia Capital, First Round Capital, BoxGroup, Boldstart, plus new backer Sapphire Ventures.
Clay uses AI tools to help sales and marketing teams. Their clients include OpenAI, Anthropic, Canva, Intercom, and Rippling.
CEO Kareem Amin told The New York Times Clay expects $100 million in revenue this year — triple last year’s total.
Clay co-founder and CEO Kareem Amin said:
$100 million in revenue expected for 2024, tripling last year’s numbers.