Latest news with #KareemAmin
Yahoo
7 days ago
- Business
- Yahoo
Clay confirms it closed $100M round at $3.1B valuation
Sales automation startup Clay has raised a $100 million Series C at a $3.1 billion valuation in a round led by CapitalG, confirming TechCrunch's report from June. The financing follows a $1.25 billion Series B round from six months ago and a $1.5 billion Sequoia-led tender offer announced a couple of months ago, which allowed most employees to sell some of their shares. The latest deal brings Clay's total funding to $204 million. Existing investors Meritech Capital, Sequoia Capital, First Round Capital, BoxGroup, and Boldstart also participated in the Series C, and a new backer, Sapphire Ventures, joined the round. The 8-year-old startup helps salespeople and marketers with AI-powered tools and claims customers like OpenAI, Anthropic, Canva, Intercom, and Rippling. Clay co-founder and CEO Kareem Amin told The New York Times that the company expects to end the year with $100 million in revenue, which would triple its revenue from last year. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
TechCrunch
7 days ago
- Business
- TechCrunch
Clay confirms it closed $100M round at $3.1B valuation
In Brief Sales automation startup Clay has raised a $100 million Series C at a $3.1 billion valuation in a round led by CapitalG, confirming TechCrunch's report from June. The financing follows a $1.25 billion Series B round from six months ago and a $1.5 billion Sequoia-led tender offer announced a couple of months ago, which allowed most employees to sell some of their shares. The latest deal brings Clay's total funding to $204 million. Existing investors Meritech Capital, Sequoia Capital, First Round Capital, BoxGroup, and Boldstart also participated in the Series C, and a new backer, Sapphire Ventures, joined the round. The eight-year-old startup helps salespeople and marketers with AI-powered tools and claims customers like OpenAI, Anthropic, Canva, Intercom, and Rippling. Clay co-founder and CEO Kareem Amin told The New York Times that the company expects to end the year with $100 million in revenue, which would triple its revenue from last year.
Reuters
05-08-2025
- Business
- Reuters
Clay valued at $3.1 billion in latest fundraise as AI continues to run hot
Aug 5 (Reuters) - AI startup Clay's valuation more than doubled in about three months to $3.1 billion in its latest funding round, as investors continue to pour money into artificial intelligence companies. Clay operates an AI-centered platform to automate sales and marketing operations, and counts Google and Reddit as customers. The startup raised $100 million in the round, led by Google-parent Alphabet's (GOOGL.O), opens new tab independent growth fund, CapitalG. About three months ago, the company was valued at $1.5 billion in an employee tender offer. Dealmaking activity for the first seven months of the year hit the highest since the 2021 pandemic-era peak, as investors have poured billions in AI and its applications, betting on the technology to enhance productivity and reduce costs. Last week, when most Big Tech companies reported their earnings, AI turned out to be a bigger driving factor behind demand across internet search, digital advertising and cloud. The funding will be used to accelerate its product development, the company said. Clay plans to launch tools that allow clients to scan data such as sales tickets and video calls with potential customers, co-founder Kareem Amin told Reuters in an interview. The company is also working on a "signals" offering that will provide sales representatives insights on when to message potential leads, Amin added. Existing investors who also participated in the round included Sequoia, Meritech Capital, and First Round Capital.
Business Wire
05-08-2025
- Business
- Business Wire
AI GTM Leader Clay Raises $100M Series C to Fuel GTM Engineering Roles Industrywide
NEW YORK--(BUSINESS WIRE)--Clay, the leading AI go-to-market (GTM) development platform, today announced it has raised $100 million in Series C funding at a $3.1 billion post-money valuation, just six months after announcing its Series B expansion. The round was led by Alphabet's independent growth fund, CapitalG, with participation from existing investors Sequoia Capital, Meritech Capital, First Round Capital, BoxGroup, and Boldstart, as well as new investor Sapphire Ventures. This brings the company's total funding to $204 million. Clay's revenue is on track to more than triple this year, and its more than 10,000 customers include leading AI companies like OpenAI, Anthropic, and Cursor, as well as fast-growing companies like Canva, Intercom, and Rippling. Clay's platform transforms traditional sales and marketing operations, building automated workflows that can research thousands of prospects, personalize outreach at scale, and identify revenue opportunities that would be impossible to find manually. It integrates with over 150 data sources, and its AI agents enable creative research like monitoring competitor mentions to trigger personalized campaigns or analyzing satellite imagery to count warehouse parking spots as a predictor of customer fit. Clay is demonstrating that AI can be a job creator and has pioneered the creation of the GTM Engineering role, which, while only created two years ago, has already been adopted by leading companies. There are currently over 280 GTM Engineer positions posted in companies like Cursor, Webflow, Notion, and Lovable. Furthermore, GTM engineers have built standalone million-dollar agencies, and seven independent bootcamps teaching GTM engineering skills have graduated over 2,500 students. Clay's community spans 60 clubs across 30 countries, with particularly strong growth in developing markets like India and Pakistan. The company is on track to generate $50 million in revenue for its data and integration partners in 2025, while its ecosystem of 108 agencies worldwide represents hundreds of millions in collective revenue. "GTM engineering represents the first true AI-native profession, and we believe that it will be tech's next big job category," said Kareem Amin, CEO and co-founder of Clay. "These professionals earn a median salary of $160,000 – about 20% more than traditional sales ops roles – and can make entire sales teams dramatically more effective without requiring a computer science degree. At a time when there's a lot of anxiety about the potential for AI to take jobs, we're honored to be pioneering a soon-to-be ubiquitous role that shows how AI creates jobs." 'Clay fights AI spam with precision. While some may worry that AI may create more generic outreach, our customers are using AI to send fewer, dramatically better messages," said Varun Anand, Clay co-founder. 'Traditional sales teams face a choice between high volume or high quality. Clay's AI research agent – which has completed over 1 billion tasks – enables both.' 'Clay is the first and only company to take an engineering approach to go-to-market, building a platform that allows sales and marketing teams to bring to life workflows that they could only dream of before. After speaking with over 100 sales and marketing leaders, it is clear that Clay is setting the bar for how leading organizations use AI for sales and marketing' said Jane Alexander, partner at CapitalG. 'We are honored to partner with Kareem, Varun, and team on their journey to make Clay the definitive GTM platform for the AI era.' The funding will be used to accelerate Clay's product development and to help support the roll out of GTM engineering as a career path. 'We're fostering an entire economic ecosystem," said Amin. "Our goal is to democratize the ability to build scalable revenue systems, regardless of technical background." About Clay Founded in 2017 by Kareem Amin and joined by co-founder Varun Anand in 2021, Clay is the leading GTM development platform that helps companies turn growth ideas into reality using AI and automation. The platform combines data from 150+ sources with AI research capabilities to enable personalized outreach at scale. Clay is headquartered in New York and serves over 10,000 customers worldwide. Learn more at About CapitalG CapitalG, Alphabet's independent growth fund, invests in generational companies transforming the fields of enterprise infrastructure, security, and data; fintech; and consumer services and marketplaces. CapitalG is honored to support generational companies like Abridge, CrowdStrike, Databricks, Duolingo, Freshworks, Gusto, Monzo, Stripe, and UiPath.
New York Times
05-08-2025
- Business
- New York Times
Clay, a Sales Tool for the A.I. Era, Raises $100 Million
The business of drumming up new business leads is a fairly timeworn process: Identify new prospects, get their contact information and then cold-call or email them until you get in. But in the age of artificial intelligence, start-ups are promising to automate much of the drudgery, freeing up salespeople for higher-level work. And one of the faster-growing businesses in the field is Clay, a company based in New York. Clay plans to announce on Tuesday that it has raised $100 million at a $3.1 billion valuation, the latest sign that A.I.-enabled upstarts continue to find eager investors looking to buy into the next big thing. The round was led by CapitalG, an investment arm of Alphabet, Google's parent company. Other participants included Meritech Capital Partners and Sequoia Capital. It comes around six months after the start-up raised money at a $1.25 billion valuation. At its core, Clay helps sales representatives and marketers find new leads and turn them into customers. But unlike traditional service providers, the eight-year-old company takes a more technical approach that sometimes requires a kind of coding for its A.I. tools to essentially allow users to program its A.I. tools to identify promising business leads and keep tabs on existing customers. Kareem Amin, Clay's co-founder and chief executive, said that his company helped one customer search for warehouses in a specific area using Google Maps and tallied the number of occupied outdoor parking spots to identify which businesses were the most promising leads. Such a targeted approach to generating leads, he said, avoids having sales representatives push out even bigger floods of generic marketing pitches. Want all of The Times? Subscribe.
