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

Gross sales automation startup Clay has raised a $100 million Collection C at a $3.1 billion valuation in a spherical led by CapitalG, confirming TechCrunch’s report from June.

The financing follows a $1.25 billion Collection B spherical from six months in the past and a $1.5 billion Sequoia-led tender offer introduced a few months in the past, which allowed most workers to promote a few of their shares.

The most recent deal brings Clay’s complete funding to $204 million. Present buyers Meritech Capital, Sequoia Capital, First Spherical Capital, BoxGroup, and Boldstart additionally participated within the Collection C, and a brand new backer, Sapphire Ventures, joined the spherical.

The 8-year-old startup helps salespeople and entrepreneurs with AI-powered instruments and claims clients like OpenAI, Anthropic, Canva, Intercom, and Rippling.

Clay co-founder and CEO Kareem Amin instructed The New York Instances that the corporate expects to finish the 12 months with $100 million in revenue, which might triple its income from final 12 months.