In a fresh round of insider funding, sources stated that Clay, the AI-powered sales startup, is expected to be valued at $1.3 billion.
In June, Meritech Capital led Clay’s $46 million Series B fundraising, valued at $500 million. The company was founded in 2017. The participants in that round were Boldstart Ventures, Box Group, Sequoia Capital, and First Round Capital.
The most recent round of funding’s specifics are still being worked out, and the amounts involved could vary.
On its website, Clay is described as helping growth teams automate outreach to potential clients and supporting revenue operations. The business provides go-to-market teams with richer client data to assist them create a sales lead list. With more than 75 data suppliers, Clay assists its clients in customizing outreach by providing more specific data on possible clients, such as a company’s headcount and fundraising history.
Research on prospects is also supported by Clay’s AI agent. Based on corporate domains, the “Claygent” can respond to inquiries about target companies, including information about its rivals. Sales teams can then use Clay’s AI messaging platform to deliver customized outbound communications to potential clients.
On its website, the business names Anthropic, Notion, Vanta, Ramp, and Intercom as clients.
Amin worked as The Wall Street Journal’s vice president of products prior to starting Clay. In addition, he was successful in selling Sailthru, a marketing personalization firm, his e-commerce optimization venture Frame, and was appointed head of engineering for the latter. Varun Anand, one of Clay’s cofounders, oversees operations and was previously employed by companies Candid and Newfront.
There are other companies in this category than Clay. Last year, Apollo, a startup providing sales analytics, raised a $100 million Series D headed by Bain Capital Ventures, valued at $1.6 billion. Other startups include $1.5 billion-valued Lusha and Unify, which is supported by Thrive.
