News Summary

Sales automation startup Clay has successfully raised $100 million in a Series C funding round, achieving a valuation of $3.1 billion. This funding round was led by CapitalG and included participation from existing investors such as Meritech Capital, Sequoia Capital, First Round Capital, BoxGroup, and Boldstart, along with new investor Sapphire Ventures. This follows Clay’s previous $1.25 billion Series B and a $1.5 billion tender offer led by Sequoia, which enabled employees to sell some of their shares. The eight-year-old company, co-founded by CEO Kareem Amin, provides AI-powered tools for salespeople and marketers and boasts a client list including OpenAI, Anthropic, Canva, Intercom, and Rippling. Clay is on track to triple its revenue from last year, aiming to reach $100 million by the end of the year.