What Clay does
Clay is a New York go-to-market (GTM) software company focused on sales and marketing teams, according to The Next Web (Sep 2026).[1] Clay says its platform unifies a company's full context, including CRM data, product usage, campaign engagement, calls and emails.[2] The Next Web reports that Clay's AI agents use that combined picture to find prospects, research them and set up outreach.[1] Clay describes what it is building as "a self-learning revenue engine" (Sep 2026).[2] Clay is putting $1m into a scholarship fund to train GTM engineers, The Next Web reported in September 2026.[1]
Business model and customers
Clay says it has more than 17k customers, including 80% of the Forbes AI50 and companies such as Anthropic, Google, OpenAI, Stripe, ElevenLabs, Visa, Siemens and UPS (Sep 2026).[2] Clay said on Dec 8, 2025, that it had crossed $100M ARR, growing from $1M to $100M in two years.[3] Clay said its September 2026 Series D followed 4x revenue growth in 2025.[2]
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Key Metrics
Recent changes
- Sep 9, 2026Sep 9, 2026Raised $115M Series D at a $7.1B valuation Business Wire
- Sep 9, 2026Sep 9, 2026New investor: StepStone Group Business Wire
- Sep 9, 2026Sep 9, 2026New investor: Andreessen Horowitz Business Wire
- Sep 9, 2026Sep 9, 2026New investor: BoxGroup Business Wire
- Sep 9, 2026Sep 9, 2026New investor: DST Global Business Wire
Earlier changes (11)
- Sep 9, 2026Sep 9, 2026New investor: Boldstart Ventures Business Wire
- Sep 9, 2026Sep 9, 2026New investor: Wellington Management Business Wire
- Sep 9, 2026Sep 9, 2026New investor: Sequoia Capital Business Wire
- Sep 9, 2026Sep 9, 2026New investor: Evolution Equity Partners Business Wire
- Sep 9, 2026Sep 9, 2026New investor: CapitalG Business Wire
- Sep 9, 2026Sep 9, 2026New investor: Bloomberg Beta Business Wire
- Sep 9, 2026Sep 9, 2026Valuation rose from $5B to $7.1B Business Wire
- Aug 31, 2026Aug 31, 2026Clay Nears $7B Valuation in New Wellington-Led Round Pulse story
- Jan 2026Jan 2026Valuation rose from $3.1B to $5B Business Wire
- Aug 5, 2025Aug 5, 2025Raised $100M Series C at a $3.1B valuation Clay
- Aug 5, 2025Aug 5, 2025First reported valuation: $3.1B Clay
Funding History
2 events · sources dated per rowHow Clay has been funded
On Aug 5, 2025, Clay announced a $100M Series C at a $3.1B valuation.[4] On Jan 28, 2026, Clay announced its second employee tender offer in nine months at a $5B valuation.[5] On Sep 9, 2026, Clay raised $115M in Series D funding at a $7.1B valuation, led by Wellington.[2] Sequoia, StepStone, Andreessen Horowitz's Perennial fund, Meritech, DST, CapitalG, BoxGroup, Boldstart, Bloomberg Beta and Evolution also participated in Clay's Series D.[2],[1] The Next Web reported that the $7.1bn Series D valuation was more than double Clay's price in August 2025.[1]
Investors and their roles
- Wellington Management (led the Series D, Sep 2026)[2]
- Sequoia (Series D participant, Sep 2026)[2]
- Andreessen Horowitz Perennial fund (Series D participant, Sep 2026)[1]
- CapitalG (Series D participant, Sep 2026)[2]
- StepStone, Meritech and DST (Series D participants, Sep 2026)[2]
- BoxGroup, Boldstart, Bloomberg Beta and Evolution (Series D participants, Sep 2026)[2]
Underlying values
| As of | Value | Method | Source |
|---|---|---|---|
| Sep 9, 2026 | $7.1B | Reported | Business WireAlso reported by SiliconANGLE |
| Jan 2026 | $5B | Reported | Business WireAlso reported by SiliconANGLE |
| Aug 5, 2025 | $3.1B | Derived | Clay |
Investors
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Clay FAQ
What is Clay's valuation?
Clay was valued at $7.1B in its $115M Series D in September 2026, up from a $5B employee tender offer valuation in January 2026 and a $3.1B valuation at its August 2025 Series C.[2],[5],[4]
How much revenue does Clay make?
Clay said it crossed $100M in annual recurring revenue on Dec 8, 2025, and that its revenue grew 4x in 2025.[3],[2] Clay has not disclosed a more recent revenue figure, The Next Web noted in September 2026.[1]
Who invested in Clay?
Wellington led Clay's $115M Series D in September 2026, with participation from Sequoia, StepStone, Andreessen Horowitz's Perennial fund, Meritech, DST, CapitalG, BoxGroup, Boldstart, Bloomberg Beta and Evolution.[2],[1]
Who owns Clay?
Clay is privately held and backed by venture investors including Wellington, Sequoia, CapitalG and Andreessen Horowitz; co-founder Kareem Amin is chief executive.[2],[1]
Is Clay a public company?
No. Clay raised a private $115M Series D in September 2026, so it is privately held as of that date.[2]
Who founded Clay?
Kareem Amin and Nicolae Rusan founded Clay in 2017, and Varun Anand joined as a third co-founder in 2021, according to The Next Web.[1]
References
researched 2026-10-19Sources & methodologyshow
Where these figures come from
- Business Wireprimary source2 facts
- Clayprimary source1 fact
Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.