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

Synthetic intelligence-driven gross sales and advertising startup Clay Labs Inc. has reportedly raised a Collection C spherical of funding on a $3 billion valuation, simply shy of a 12 months after the corporate beforehand raised a Collection B spherical of $46 million on a $500 million valuation.

In response to TechCrunch, which first reported the information, the spherical was led by CapitalG Administration Co., an impartial development fund owned by Alphabet Inc., the father or mother firm of Google LLC.

Based in 2017, Clay gives a platform designed to assist people and go-to-market groups handle relationships by means of synthetic intelligence-powered enrichment, analysis and outreach automation.

The corporate gives a data-rich platform that connects with greater than 20 buyer relationship administration programs and greater than 75 enrichment sources to routinely clear, deduplicate and replace contact information. Clay additionally permits gross sales and advertising groups to construct lead lists, rating accounts and generate personalised messages primarily based on AI-driven analysis and real-time indicators corresponding to job adjustments and firm information.

Clay’s AI companies embrace personalised messaging that enables customers to craft and ship focused emails primarily based on enriched information. The AI options help with engagement and conversion charges by tailoring communications to particular person prospects’ wants and pursuits.

Clay “allows you to pull data from in all places on the internet after which you should use AI brokers on prime of that,” co-founder and Chief Government Kareem Amin stated in an interview final 12 months. “It permits one individual to attempt to do all of the account analysis and message setup as an alternative of all the person junior individuals who used to try this earlier than. They’ll give attention to constructing relationships with prospects.”

The corporate at present companies greater than 300,000 go-to-market groups of varied sizes. Notable prospects embrace Canva Pty. Ltd., HubSpot Inc., OpenAI, Block Inc., Cursor Applied sciences Inc., Anthropic PBC, Perplexity AI Inc., Notion Labs Inc., Figma Inc., Okta Inc., Dropbox Inc. and Uber Applied sciences Inc.

Coming into its reported new spherical, Clay has beforehand raised $102 million over 4 rounds. Present buyers embrace Meritech Capital Companions Inc., Sequoia Capital Operations, First Spherical Capital LP, Field Group and Boldstart Ventures.

Picture: Clay