Sales automation startup Clay boosts valuation to $7.1B in $115M funding round
Clay Labs Inc., a startup using artificial intelligence to make business-to-business sales teams more productive, today announced that it has raised $115 million in funding. Wellington Management led the Series D round. It was joined by Alphabet Inc.’s growth-stage CapitalG fund, Sequoia, Meritech and several others. Clay is now valued at $7.1 billion, $2.1 billion […] The post Sales automation…
Sales automation startup Clay Labs Inc. has increased its valuation to $7.1 billion after securing $115 million in funding for its Series D round led by Wellington Management. The company's platform uses artificial intelligence to assist business-to-business sales teams in finding potential buyers. Salespeople can input a description of their target audience into a chat box and Clay generates leads, complete with high-level company information, upcoming business events, and other relevant data points.
The platform consolidates information from over 200 external sources, streamlining the data enrichment process for sales teams. Clay's "Waterfall" feature automates the task of populating lead records with relevant details from various external databases. The AI-driven platform prioritizes leads based on revenue potential, factoring in aspects like company size and recent business milestones.
Clay's AI also drafts personalized outreach emails, tailors pitches, and generates follow-up communications based on a prospect's interest. Additionally, users can create custom AI agents to automate multi-step sales tasks, further enhancing the platform's efficiency. Currently, Clay serves more than 17,000 customers, including major tech firms such as Anthropic PBC and OpenAI Group PBC.
The company projects its annualized revenue will reach $200 million by the end of the quarter, with support from various industry leaders.
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