This Startup Cracked the Code on Sales Data—Now It’s Worth $1.25 Billion

Clay, a seven-year-old firm that shifted its focus to sales intelligence, has received a $40 million investment lead by Meritech, tripling its valuation to $1.25 billion in just six months. The startup, which assists organisations in locating and utilising sales data through AI-powered insights, has experienced major growth, projecting $30 million in revenue for 2024. This latest investment, an expansion of its $46 million Series B raised in June at a $500 million valuation, comes before Clay has spent any of its prior funds. "We didn't need to raise, but our investors were seeing our traction, how we've been growing, and they wanted to double down," said Kareem Amin, our CEO. "This allows us to invest in our sales motion, working heavily on our product very quickly, and just focus." Cl