Total amount raised
$496 Millions
Latest funding date
Location
Title
Clari has successfully raised significant funding through multiple rounds, including a Series F, to support its innovative revenue operations platform. The platform leverages AI and automation to provide comprehensive visibility and predictive insights for sales, marketing, and customer success teams.
Keep reading to explore the intricacies of Clari's fundraising journey and the investors backing this transformative platform.
What Is Clari?
Founded in 2013 by Andy Byrne and Venkat Rangan, Clari is headquartered in Sunnyvale, California. The company specializes in revenue operations, offering a platform that leverages AI and automation to enhance sales analytics and forecasting.
Clari's platform integrates data from various business systems, providing comprehensive visibility and predictive insights for sales, marketing, and customer success teams. This helps businesses manage and optimize their revenue operations effectively.
With a workforce of 501-1000 employees, Clari continues to innovate and expand its capabilities, making it a key player in the revenue operations space.
How Much Funding Has Clari Raised?
- Series A
- Amount Raised: $6M
- Date: April 2014
- Lead Investors: Sequoia Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial version of Clari's revenue operations platform.
- Series B
- Amount Raised: $20M
- Date: June 2014
- Lead Investors: Bain Capital Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the platform and expand the team.
- Series C
- Amount Raised: $35M
- Date: March 2018
- Lead Investors: Tenaya Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product features and increase market penetration.
- Series D
- Amount Raised: $60M
- Date: October 2019
- Lead Investors: Sapphire Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand into new markets.
- Series E
- Amount Raised: $150M
- Date: March 2021
- Lead Investors: Silver Lake
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance the platform's capabilities.
- Series E
- Amount Raised: Not publicly disclosed
- Date: July 2021
- Lead Investors: Workday Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand the platform's integration capabilities.
- Series E
- Amount Raised: Not publicly disclosed
- Date: October 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue scaling and improving the platform.
- Series F
- Amount Raised: $225M
- Date: January 2022
- Lead Investors: Blackstone Group
- Valuation at Round: Over $2.6 billion
- Motivation Behind the Round: To expand the team globally, advance technical strategy, and fuel acquisition strategy.
Total Amount Raised: $496M. Current Valuation: Over $2.6 billion.
Key Investors
- Blackstone Group
- Details: Blackstone Group is a leading global investment firm with a focus on private equity, real estate, hedge funds, and credit. It manages assets for public and corporate pension funds, academic, cultural, and charitable organizations.
- Investment Focus Areas: Private equity, real estate, hedge funds, credit.
- Notable Investments: Hilton Worldwide, Merlin Entertainments, Refinitiv.
- Silver Lake
- Details: Silver Lake is a global leader in technology investing, with a portfolio that includes some of the most prominent tech companies. It focuses on large-scale investments in technology and tech-enabled industries.
- Investment Focus Areas: Technology, tech-enabled industries.
- Notable Investments: Dell Technologies, Airbnb, Twitter.
- Sequoia Capital
- Details: Sequoia Capital is a venture capital firm that has backed many of the world's most successful companies. It focuses on early to growth-stage investments in technology, healthcare, and consumer sectors.
- Investment Focus Areas: Technology, healthcare, consumer sectors.
- Notable Investments: Apple, Google, WhatsApp.
- Madrona Ventures
- Details: Madrona Ventures is a venture capital firm that invests in early-stage technology companies. It has a strong track record of supporting startups from inception through growth stages.
- Investment Focus Areas: Early-stage technology companies, cloud computing, machine learning, artificial intelligence.
- Notable Investments: Amazon, Smartsheet, Redfin.
- Sapphire Ventures
- Details: Sapphire Ventures is a venture capital firm that invests in growth-stage technology companies. It aims to help companies scale and achieve their full potential.
- Investment Focus Areas: Growth-stage technology companies, enterprise software, fintech, digital health.
- Notable Investments: Box, LinkedIn, Square.
What's Next for Clari?
Clari stands at the cusp of significant growth opportunities, driven by the increasing demand for revenue operations platforms. With the recent $225 million Series F funding, Clari plans to expand its team globally, particularly in EMEA and APAC regions, and advance its technical strategy. The company also aims to leverage its platform across Blackstone's 250 portfolio companies, potentially transforming revenue processes for a wide array of businesses.
Future fundraising opportunities seem promising, given Clari's strong growth trajectory and market leadership. The company may seek additional funding to support its global expansion and acquisition strategy. However, scaling operations and managing a rapidly growing team could present logistical challenges. Additionally, maintaining a competitive edge in a rapidly evolving industry will require continuous innovation and strategic acquisitions.
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