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Total amount raised
$222M
Latest funding date
2025-06-13
Location
Clay has successfully raised funding over six rounds, with the latest being a Series C round announced on August 5, 2025, raising $100 million at a $3.1 billion valuation, led by CapitalG. The platform is designed to integrate AI agents, data enrichment, and intent signals to provide actionable insights for businesses.
What Is Clay?
Clay is an AI-driven sales and marketing company based in New York, New York. The company specializes in providing growth and sales teams with customer data and automated workflows, operating in industries such as AI, developer tools, lead generation, productivity tools, sales automation, and software.
Founded in Brooklyn, Clay has grown to employ over 300 people. The platform is trusted by over 14,000 customers worldwide, offering tools and services that integrate AI agents, data enrichment, and intent signals to turn insights into actionable strategies.
How Much Funding Has Clay Raised?
- Seed Round
- Amount Raised: USD 2,500,000
- Date: June 2017
- Lead Investors: First Round Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish the foundational product and support initial growth efforts.
- Series A
- Amount Raised: USD 13,500,000
- Date: 2023 (previously unannounced; disclosed publicly June 2024)
- Lead Investors: Sequoia Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the development of the GTM development environment and power growth for tech's biggest names.
- Series B
- Amount Raised: USD 46,000,000
- Date: June 27, 2024
- Lead Investors: Meritech Capital Partners
- Valuation at Round: USD 500,000,000
- Motivation Behind the Round: To scale the business and enhance its product offerings.
- Series B Expansion
- Amount Raised: USD 40,000,000
- Date: January 22, 2025
- Lead Investors: Meritech Capital Partners
- Valuation at Round: USD 1,250,000,000
- Motivation Behind the Round: To maintain the momentum of significant revenue growth following 6x growth in 2024.
- Secondary Market (Tender Offer)
- Amount Raised: USD 20,000,000 (employee stock purchase)
- Date: May 8, 2025
- Lead Investors: Sequoia Capital
- Valuation at Round: USD 1,500,000,000
- Motivation Behind the Round: To provide liquidity to current and former employees holding vested Clay shares.
- Series C
- Amount Raised: USD 100,000,000
- Date: August 5, 2025
- Lead Investors: CapitalG (Alphabet's independent growth fund)
- Valuation at Round: USD 3,100,000,000
- Motivation Behind the Round: To further scale operations, enhance product offerings, expand market reach, and fuel the growing \"GTM Engineer\" role across the tech industry.
Total Amount Raised: at least USD 222,000,000 based on disclosed funding. Current Valuation: USD 3,100,000,000.
Key Investors
- CapitalG
- Details: CapitalG is the growth equity investment arm of Alphabet Inc. They focus on late-stage technology companies with high growth potential, leading Clay's Series C at a $3.1B valuation.
- Investment Focus Areas: Technology, healthcare, consumer products.
- Notable Investments: Airbnb, Stripe, Lyft.
- Sequoia Capital
- Details: Sequoia Capital is a venture capital firm that has been investing in early and growth-stage companies since 1972. They led Clay's Series A and the May 2025 employee tender offer, and participated in the Series C.
- Investment Focus Areas: Technology, healthcare, consumer services.
- Notable Investments: Apple, Google, Airbnb.
- Meritech Capital Partners
- Details: Meritech Capital Partners is a growth-stage venture capital firm. They led both Clay's Series B ($46M at $500M valuation) and Series B Expansion ($40M at $1.25B valuation).
- Investment Focus Areas: Technology, enterprise software, consumer internet.
- Notable Investments: Facebook, Salesforce, Snowflake.
- First Round Capital
- Details: First Round Capital is a seed-stage venture capital firm. They led Clay's original Seed round and have participated in subsequent rounds.
- Investment Focus Areas: Technology, consumer internet, enterprise software.
- Notable Investments: Uber, Square, Warby Parker.
- BoxGroup
- Details: BoxGroup is an early-stage investment firm. They provided pre-seed backing to Clay and have participated across multiple rounds.
- Investment Focus Areas: Technology, consumer products, enterprise software.
- Notable Investments: Flatiron Health, Blue Apron, Warby Parker.
What's Next for Clay?
Clay's future looks promising as it continues to expand its platform to support more growth teams and integrate additional tech stacks and AI-powered research agents. With over 5,000 customers, including notable enterprises like OpenAI and Canva, the company is well-positioned to capitalize on the growing demand for AI-driven sales and marketing solutions.
Given its significant revenue growth and recent $40 million funding round, future fundraising opportunities are likely. Investors are expected to show continued interest, potentially leading to additional Series C or later-stage funding rounds. However, Clay will need to navigate challenges such as competition from other AI-powered solutions and maintaining the momentum of its rapid growth.
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