AI Startups See Growth: Clay's Impressive $1.3 Billion Valuation
Clay, the AI-powered sales startup, is set to be valued at $1.3 billion in a new funding round, according to sources familiar with the matter. Existing investors are participating in this round, reflecting the increasing interest in AI startups this year.
Founded in 2017, Clay previously raised $46 million in a Series B funding round, which was led by Meritech Capital and valued the company at $500 million last June. Notable investors such as Sequoia Capital, First Round Capital, Box Group, and Boldstart Ventures have shown consistent support, indicating a strong belief in the potential of AI technologies.
Investors have been clamoring to back up-and-coming AI startups this year, often investing in promising companies within mere months of their last funding. While details of the latest funding round are still being finalized, the figures involved remain subject to change.
In response to Business Insider’s request for comment, Clay CEO Kareem Amin stated, "We are excited about the support from venture capitalists and the future growth of our company. We are dedicated to leveraging AI for innovation in sales processes."
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