Clay Labs

Clay Labs

Data enrichment and automation platform

About Clay Labs

Simplify's Rating
Why Clay Labs is rated
A-
Rated B on Competitive Edge
Rated A on Growth Potential
Rated A on Rating Differentiation

Industries

Data & Analytics

Enterprise Software

Company Size

501-1,000

Company Stage

Series B

Total Funding

$99.2M

Headquarters

New York City, New York

Founded

2017

Overview

Clay Labs offers a platform that helps businesses improve their growth through data enrichment and automation. The tools provided by Clay Labs enable marketing teams, sales departments, and growth strategists to automate personalized outreach and effectively implement go-to-market strategies. The platform operates on a subscription-based model with tiered pricing plans, allowing clients to choose the level of service and features that best suit their needs. What sets Clay Labs apart from its competitors is its strong focus on enhancing market engagement through data-driven solutions. The main goal of Clay Labs is to streamline business operations and support clients in achieving their growth objectives.

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Funded Recently
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Significant Headcount Growth
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Simplify's Take

What believers are saying

  • Achieved unicorn status with a $1.25 billion valuation after a $57.5M raise.
  • Revenue has grown tenfold annually, serving over 100,000 users and 2,500 partner firms.
  • Growing demand for AI-driven data enrichment tools enhances customer personalization and engagement.

What critics are saying

  • Increased competition from AI-driven marketing platforms like HubSpot and Salesforce.
  • Potential over-reliance on OpenAI's GPT technology poses licensing and availability risks.
  • Data privacy regulations like GDPR and CCPA could impact data enrichment services.

What makes Clay Labs unique

  • Clay Labs integrates with 75 tools, including HubSpot and Salesforce, enhancing automation.
  • The platform uses OpenAI's GPT for streamlined customer data management and personalized outreach.
  • Clay Labs offers tiered subscription plans, catering to diverse client needs and service levels.

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Funding

Total Funding

$99.2M

Above

Industry Average

Funded Over

3 Rounds

Notable Investors:
Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Above Average

Industry standards

$35M
$40M
Clay Labs
$45M
Linktree
$65M
Substack
$100M
ClickUp

Benefits

Health Insurance

Paid Vacation

Parental Leave

Fertility Treatment Support

Flexible Work Hours

Growth & Insights and Company News

Headcount

6 month growth

↑ 5%

1 year growth

↑ 37%

2 year growth

↑ 37%
BetaKit
Jan 27th, 2025
Clay achieves unicorn status with $57.5M raise

Canadian-founded AI startup Clay has achieved unicorn status with a $40 million USD ($57.5 million CAD) raise at a $1.25 billion USD valuation. The funding round was led by Meritech Capital, with participation from Sequoia Capital and others. This comes after a 6x growth in 2024 and follows Clay's first acquisition of Avenue. The Series B funding remains untouched. Clay serves over 5,000 customers, including OpenAI and Canva.

PredictLeads
Sep 3rd, 2024
Partnering up with Clay :)

As PredictLeads partnered up with clay.com it seemed only natural to then go work with clay in the literal sense.

The Bridge
Jul 28th, 2024
Clay raises $46M Series B funding

Title: "Clay, an AI Startup Focused on Marketing, Raises $46M in Series B from Sequoia Capital, Valued at $500M" Clay, an AI startup founded in 2017, raised $46 million in a Series B round led by Sequoia Capital, valuing the company at $500 million. Clay automates marketing tasks by integrating with 75 tools like HubSpot and Salesforce, and uses OpenAI's GPT to streamline customer data management. The company has 100,000 users and 2,500 partner firms, with revenue growing tenfold annually over the past two years.

TechNews
Jul 27th, 2024
Clay AI secures $46M, $500M valuation

Title: "How Clay AI Achieved a $500 Million Valuation" Clay AI, founded in 2017, focuses on automating data processing for sales and marketing, allowing teams to spend more time on actual business. In June, Clay completed a $46 million Series B funding round, led by Sequoia Capital, reaching a $500 million valuation. Clay integrates with 75 data tools and uses OpenAI GPT for easy data retrieval. With 100,000 users and 2,500 partner companies, Clay's revenue has grown tenfold annually. Future plans include expanding platform engineering and marketing teams.

BetaKit
Jul 2nd, 2024
Canadian-founded, New York-based AI startup Clay closes $63-million CAD Series B

Clay, a Canadian-founded, New York, NY-based artificial intelligence (AI) startup focused on sales and marketing for businesses, has secured $46 million USD ($63 million CAD) in Series B financing to fuel its growth.

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