Clay

AI · Sales Tech · SaaS

Funding

Clay raises $115M Series D at $7.1B valuation, doubling last year's mark

Wellington, known for backing pre-IPO growth companies, led the round instead of a traditional venture fund, hinting at IPO ambitions.

• Clay raised $115 million in a Series D led by Wellington Management at a $7.1 billion valuation, more than double the $3.1 billion it was worth 13 months earlier.
• Clay's AI agents pull together a company's CRM data, product usage, calls and emails, then layer in outside signals like funding events and hiring activity to automate prospecting and outreach for sales teams.
• Clay's annualized revenue is on pace to hit about $200 million this quarter and is projected to reach roughly $240 million by fiscal year-end, with plans to double again next year.
• Clay's valuation climbed from $3.1 billion at its August 2025 Series C to $5 billion in a January 2026 employee tender offer before more than doubling again with this round.
• Clay is launching a $1 million scholarship fund to train 'GTM engineers,' a title it coined for professionals who run AI growth agents the way software engineers run coding agents.
• Wellington's involvement as a generalist asset manager rather than a specialist VC underscores how AI-native software companies are increasingly courting investors who typically back firms nearing a public listing.