News Summary

Canadian-founded, New York-based artificial intelligence (AI) startup Clay has reached unicorn status following a $57.5 million CAD funding round led by Meritech Capital, with participation from existing investors like Sequoia Capital and First Round Capital. This raise comes on the heels of Clay’s significant 6x growth in 2024 and a recent acquisition of workflow automation platform Avenue. Founded in 2017 by McGill University graduates Kareem Amin and Nicolae Rusan, Clay automates customer research for over 5,000 clients, including OpenAI and Canva. The startup is backed by Maple VC, marking its first unicorn investment.