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Clay raises $63 million CAD in Series B funding led by Meritech Capital to automate sales

Jul 02, 2024about 1 year ago

Amount Raised

$63 Million

Round Type

series b

New YorkMachine LearningSaasArtificial IntelligenceSoftware

Investors

Boldstart VenturesBox GroupFirst Round CapitalSequoia CapitalMeritech Capital

Description

Clay, a Canadian-founded, New York, NY-based artificial intelligence (AI) startup, has secured $63 million CAD in Series B financing to fuel its growth and help automate sales for businesses.

Company Information

Company

Clay

Location

New York, New York, United States

About

Clay is a Canadian-founded AI startup based in New York, NY, focused on automating sales and marketing for businesses. It was launched in 2017 by two McGill University graduates and repeat entrepreneurs, Nicolae Rusan and Kareem Amin, aiming to help companies automate customer research and personalized outreach using AI.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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