News Summary

Canadian-founded AI startup Clay has raised $100 million USD in a Series C funding round led by CapitalG, Google’s parent company Alphabet’s growth fund. This funding boosts Clay’s valuation to $3.1 billion USD, a sixfold increase from just over a year ago. The round included participation from existing investors Sequoia Capital, Meritech Capital, and First Round Capital, along with new investor Sapphire Ventures. Founded by McGill University graduates Kareem Amin and Nicolae Rusan, Clay aims to enhance sales and marketing automation with its AI-driven platform. The company plans to use the funds to accelerate product development and is on track to triple its revenue this year, serving over 10,000 customers.