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Clay secures a new round at a $3B valuation, sources say

  • Sales automation startup, Clay, raises Series C round at an approximate $3 billion valuation led by CapitalG according to sources.
  • Clay recently allowed its employees to sell shares at a $1.5 billion valuation, indicating a significant increase in valuation.
  • Plans for annual tender offers give employees more opportunities to sell stock at higher valuations in the future.
  • Founded in 2017, Clay gained momentum by focusing on AI-powered tools for salespeople and marketers.
  • Clay's tools are utilized by numerous customers, from large companies like OpenAI and HubSpot to smaller consulting agencies.
  • Clay competes with other sales tech platforms such as ZoomInfo, Lusha, Apollo.io, Unify, and Common Room.
  • Investors in Clay include Sequoia, Meritech Capital, Boldstart Ventures, Maple VC, First Round Capital, and Box Group.

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