"Clay raised a Series C round at approximately $3 billion valuation, led by Capital G, emphasizing its growing influence in the sales automation sector."
"The round comes shortly after a tender offer for employees to sell shares at a $1.5 billion valuation, demonstrating strategic financial planning amid rapid growth."
Clay, a sales automation startup founded in 2017, has achieved a valuation of approximately $3 billion following a Series C funding round led by Capital G. This funding round comes on the heels of a recent tender offer for employees, allowing them to sell shares at a $1.5 billion valuation, facilitated by Sequoia. Despite initial concerns over share value, co-founder Kareem Amin intends to implement annual tender offers. Clay empowers sales professionals through AI-based tools, and its services are utilized by companies ranging from OpenAI to small consulting firms. The company competes with various other sales platforms.
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