AI sales and marketing startup Clay is raising a new funding round led by Wellington at a $7 billion pre-money valuation, up from $5 billion following an employee tender offer in January.
Clay, which provides AI tools for sales and marketing teams, has nearly doubled its valuation in less than a year. The startup's latest round represents significant momentum in the competitive AI sales automation market.
The company previously raised capital via an employee tender in January, valuing the business at $5 billion. Wellington's lead investment signals strong institutional confidence in Clay's growth trajectory and market opportunity.
Clay competes in a crowded space of AI-powered sales platforms, where startups are racing to capture market share among enterprise customers seeking to streamline sales and marketing workflows. The $7 billion valuation places Clay among the more highly valued AI startups outside the large language model providers.
Details on the round size and other participating investors were not immediately available. The fundraise comes amid ongoing investor appetite for enterprise AI applications, though valuations across the sector have moderated from 2021 peaks.
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