Clay Hits $3B Valuation in Series C Round
Sales automation platform Clay has achieved a $3 billion valuation in its latest Series C funding round, according to three sources familiar with the deal. Alphabet’s growth fund CapitalG led the investment, marking another milestone for the AI-powered sales tech company.
Rapid Growth and Employee Liquidity
This funding news comes just one month after Clay authorized its employees to sell shares at a $1.5 billion valuation through a tender offer led by Sequoia. While some employees may have missed the current valuation jump, CEO Kareem Amin has indicated plans for annual tender offers, giving future opportunities for liquidity at potentially higher valuations.
Clay’s AI-Powered Sales Revolution
From Pivot to Powerhouse
Founded in 2017, Clay found its true calling when it pivoted to AI-driven sales automation several years ago. The platform now helps sales teams:
- Discover and update prospect data automatically
- Generate personalized outreach emails
- Streamline go-to-market strategies
Enterprise Adoption
Clay’s customer base has grown to include major tech players like OpenAI, HubSpot, and Canva, along with more than 100 consulting agencies that specialize in implementing Clay’s solutions for their clients.
Competitive Landscape
The company competes in the crowded sales tech space against established players like ZoomInfo and Apollo.io, as well as newer entrants such as Unify and Common Room. Clay’s rapid valuation growth demonstrates strong investor confidence in its AI-powered approach to sales automation.
Investor Backing
Beyond CapitalG’s Series C leadership, Clay counts Sequoia, Meritech Capital, and First Round Capital among its investors. This latest funding round at a $3 billion valuation positions Clay among the most valuable private companies in the sales technology sector.