Hustler Words – Sales automation platform Clay has officially secured $100 million in Series C funding, catapulting its valuation to a staggering $3.1 billion. The round, spearheaded by CapitalG, validates an earlier report by hustlerwords.com in June and underscores the company’s rapid ascent in the competitive sales technology landscape.
This latest investment follows a whirlwind of financial activity for Clay, including a $1.25 billion Series B round just six months prior and a $1.5 billion tender offer led by Sequoia a couple of months ago. The tender offer provided a valuable opportunity for employees to liquidate a portion of their equity.
The Series C brings Clay’s total funding to $204 million. The round also saw continued participation from existing investors such as Meritech Capital, Sequoia Capital, First Round Capital, BoxGroup, and Boldstart. Sapphire Ventures joined as a new investor, further demonstrating confidence in Clay’s potential.
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Founded eight years ago, Clay provides AI-powered tools to streamline sales and marketing processes. The company boasts an impressive client roster, including OpenAI, Anthropic, Canva, Intercom, and Rippling.
According to a statement made by Clay co-founder and CEO Kareem Amin to The New York Times, the company anticipates closing the year with $100 million in revenue, representing a threefold increase compared to the previous year. This growth trajectory positions Clay as a major player in the burgeoning sales automation market.
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