Sales automation startup Clay has secured $100 million in a Series C funding round, reaching a valuation of $3.1 billion, with CapitalG leading the investment, confirming a previous report by TechCrunch.
This funding round comes after a $1.25 billion Series B six months ago, and a Sequoia-led $1.5 billion tender offer a few months back, which enabled many employees to sell a portion of their shares.
The recent investment increases Clay’s total funding to $204 million. Meritech Capital, Sequoia Capital, First Round Capital, BoxGroup, and Boldstart, existing investors, participated again in the Series C. Sapphire Ventures joined as a new investor.
The startup, established eight years ago, provides AI-powered tools for salespeople and marketers, counting OpenAI, Anthropic, Canva, Intercom, and Rippling among its clients.
Clay’s co-founder and CEO, Kareem Amin, shared with The New York Times that the company anticipates earning $100 million in revenue by year-end, a figure that would represent a tripling of last year’s revenue.