Clay, a New York, NY-based AI startup focused on sales and marketing for businesses, has secured $46 million in Series B financing, bringing its total funding to $62 million.
Investors
The round was led by Meritech Capital, with support from existing backers including Sequoia Capital, First Round Capital, Box Group, and Boldstart Ventures.
Founded in 1999, Meritech Capital Partners is a venture capital firm based in Palo Alto, California. The firm seeks to invest in later-stage and growth-stage companies operating in the software, communication, and networking sectors. It is a Registered Investment Adviser (RIA).
Clay Use of Funds
The company will use the funding to fuel its growth and expand its engineering and go-to-market teams.
About Clay
Founded in 2017 by Nicolae Rusan and Kareem Amin, Clay provides automation software and tools designed to enhance creativity by making automation more accessible. Its AI platform automates customer research and personalized outreach. Clay's orchestration tools enable users to automate and streamline various aspects of the sales process, from lead generation to customer relationship management. The company has attracted over 100,000 users and 2,500 customers, including notable companies such as Anthropic, Intercom, Notion, and Vanta.
Funding Details
Company: Clay Labs Inc.
Raised: $46.0M
Round: Series B
Funding Month: June 2024
Lead Investors: Meritech Capital
Additional Investors: Sequoia Capital, First Round Capital, Box Group, Boldstart Ventures
Company Website: https://www.clay.com/
Software Category: Sales and Marketing
Source: https://betakit.com/canadian-founded-new-york-based-ai-startup-clay-closes-63-million-cad-series-b/