Clay reportedly raises new funding led by CapitalG on a $3B valuation – News

Artificial intelligence-driven sales and marketing startup Clay Labs Inc. has reportedly raised a Series C round of funding on a $3 billion valuation, just shy of a year after the company previously raised a Series B round of $46 million on a $500 million valuation.

According to News, which first reported the news, the round was led by CapitalG Management Co., an independent growth fund owned by Alphabet Inc., the parent company of Google LLC.

Founded in 2017, Clay offers a platform designed to help individuals and go-to-market teams manage relationships through artificial intelligence-powered enrichment, research and outreach automation.

The company offers a data-rich platform that connects with more than 20 customer relationship management systems and more than 75 enrichment sources to automatically clean, deduplicate and update contact records. Clay also allows sales and marketing teams to build lead lists, score accounts and generate personalized messages based on AI-driven research and real-time signals such as job changes and company news.

Clay’s AI services include personalized messaging that allows users to craft and send targeted emails based on enriched data. The AI features assist with engagement and conversion rates by tailoring communications to individual prospects’ needs and interests.

Clay “lets you pull information from everywhere on the web and then you can use AI agents on top of that,” co-founder and Chief Executive Kareem Amin said in an interview last year. “It allows one person to try to do all the account research and message setup instead of all the individual junior people who used to do that before. They can focus on building relationships with customers.”

The company currently services more than 300,000 go-to-market teams of various sizes. Notable customers include Canva Pty. Ltd., HubSpot Inc., OpenAI, Block Inc., Cursor Technologies Inc., Anthropic PBC, Perplexity AI Inc., Notion Labs Inc., Figma Inc., Okta Inc., Dropbox Inc. and Uber Technologies Inc.

Coming into its reported new round, Clay has previously raised $102 million over four rounds. Existing investors include Meritech Capital Partners Inc., Sequoia Capital Operations, First Round Capital LP, Box Group and Boldstart Ventures.

Image: Clay