Sales automation startup Clay has raised a $100 million Series C funding round at a $3.1 billion valuation. The round was led by CapitalG, confirming an earlier report by TechCrunch in June.
This latest financing follows a $1.25 billion Series B round from six months ago and a $1.5 billion tender offer led by Sequoia, announced a couple of months prior, which allowed most employees to sell some of their shares. With this new investment, Clay’s total funding now stands at $204 million.
Existing investors Meritech Capital, Sequoia Capital, First Round Capital, BoxGroup, and Boldstart participated in the Series C, alongside new backer Sapphire Ventures.
The 8-year-old startup provides AI-powered tools for salespeople and marketers, with customers including OpenAI, Anthropic, Canva, Intercom, and Rippling.
Clay co-founder and CEO Kareem Amin shared with The New York Times that the company expects to reach $100 million in revenue by the end of the year. If achieved, this would mark a threefold increase from the previous year’s revenue.