Company · Agents & apps
Clay revenue, valuation & funding
Clay was valued at $7.1B in a Series D announced in September 2026, when its annualized revenue was reported on track for $200M that quarter. It's a private company, and its CEO said that month it isn't currently planning to list.
At a glance
- Valuation: $7.1B at its Series D, announced in September 2026 and led by Wellington.
- Revenue: annualized revenue on track for $200M by the end of the quarter, as reported in September 2026. Clay publishes no audited results.
- Status: private. No stock ticker. Its CEO said in September 2026 it isn't currently planning to list.
- Founded: 2017, by Kareem Amin and Nicolae Rusan. Varun Anand joined as co-founder in 2021.
- CEO: Kareem Amin.
- Headquarters: New York.
- Investors: Wellington, CapitalG, Sequoia, Meritech, Andreessen Horowitz and DST Global, among others.
- Products: a platform for sales data and agentic workflows, plus Clay Sequencer for email and Audiences for search.
Is Clay public? Can you buy its stock?
No. Clay is a private company, so its shares don't trade on any stock exchange and it has no ticker symbol.
Kareem Amin said Clay is not currently planning to list, FWDStart reported in September 2026. Wellington, which led its Series D, typically begins investing two to five years before an IPO. No IPO filing has been made public.
Staff have sold shares in tender offers. In January 2026 Clay let employees sell up to $55M of shares at a $5B valuation, led by DST (Business Wire). Sacra describes an earlier tender in May 2025, led by Sequoia, at an estimated $1.5B.
Otherwise its shares are held by its founders, staff and investors. This page reports facts and gives no investment advice.
Valuation, round by round
Its valuation went from $1.25B in January 2025 to $7.1B in September 2026, more than five times in under two years.
| Date | Valued at | Raised | Led by | Source |
|---|---|---|---|---|
| Sep 2026 | $7.1B | $115M | Wellington | Business Wire via Yahoo Finance |
| Aug 2025 | $3.1B | $100M | CapitalG | FWDStart |
| Jan 2025 | $1.25B | $40M | Meritech Capital | Clay community |
Sacra reports a $46M Series B at $500M in June 2024, a 2021 seed and a 2023 Series A, but no primary report confirms them. The $5B valuation of January 2026 came from an employee tender offer.
Revenue
Clay said its ARR reached $100M in December 2025. In September 2026 its annualized revenue was reported on track for $200M by the end of the quarter, double that.
| Date | Figure | Basis | Source |
|---|---|---|---|
| Sep 2026 | $200M | Reported | SiliconANGLE |
| Jan 2026 | $100M | Company | Business Wire |
A run rate is a month's revenue times twelve. It isn't a year's audited revenue.
How Clay makes money
Clay sells subscription software with unlimited seats and usage-based consumption, according to Sacra.
Kareem Amin said Clay was briefly profitable earlier in 2026, SiliconANGLE reported. The company said it was cash-flow positive for parts of 2025 and earned more in interest than it burned (Business Wire).
- Plans. A Free plan sits alongside paid Launch, Growth and Enterprise plans. Clay
- Prices. Sacra lists Launch at $185 a month and Growth at $495 a month, with Enterprise on custom pricing. Sacra
- Two meters. In March 2026 Clay split its single credit-based pricing into Data Credits and Actions. Sacra
- Margins. Sacra says its gross margins have looked more like a data-heavy SaaS firm than the 80-plus percent of pure software. Sacra
Products
Clay describes its product as infrastructure to get any data, run agentic workflows and launch go-to-market plays (Clay).
- Clay Sequencer. An email tool that brings lead sourcing, enrichment and sequencing together. It is now generally available. Clay's blog
- Audiences. Runs unlimited people and company searches without row limits. Clay's blog
- Avenue. A New York workflow automation platform. Clay bought it in January 2025 for an undisclosed amount, its first acquisition. BetaKit
- Sculpt. Its second annual user conference, on October 8, 2026 in San Francisco. Clay planned to preview upcoming launches there. Business Wire via InnovationOpenLab
Customers
Clay said in September 2026 that it serves more than 17,000 customers, including 80% of the Forbes AI 50 (Business Wire).
In January 2025 it served more than 5,000 customers with a team of roughly 100, according to BetaKit.
Its homepage says it is trusted by more than 500,000 go-to-market teams (Clay).
Leadership
Clay had 1,580 employees as of October 2026, per Enrich Layer. Tracxn listed 1,167 in February 2026.
- Kareem Amin, co-founder and CEO. He founded Clay in 2017 after serving as VP of Product at The Wall Street Journal. Business Wire
- Varun Anand, co-founder and head of operations. He joined in late 2021. BetaKit
- Nicolae Rusan, co-founder. He launched Clay with Amin in 2017 and has since left, BetaKit reported in January 2025. BetaKit
Who owns Clay?
Its founders, staff and investors. Clay is private and hasn't disclosed who holds what.
- Wellington led the $115M Series D in September 2026. Business Wire via Yahoo Finance
- Sequoia, StepStone, Andreessen Horowitz, Perennial, Meritech, DST Global, CapitalG, BoxGroup, Boldstart, Bloomberg Beta and Evolution also took part in the Series D. FWDStart
- CapitalG led the $100M Series C in August 2025. FWDStart
- Meritech Capital led the $40M Series B expansion in January 2025. Clay community
- DST led the January 2026 employee tender offer at a $5B valuation. Business Wire
- First Round Capital led a $2.5M seed round in 2021, per Sacra, though this isn't confirmed by any primary report. Sacra
Competitors
Tracxn and Sacra name sales data and outreach companies as Clay's rivals.
Timeline and latest news
From its founding to the latest reports, newest first.
- Oct 8, 2026Latest
Held Sculpt, its second annual user conference, in San Francisco. Business Wire via InnovationOpenLab - Sep 11, 2026Latest
Kareem Amin said Clay isn't currently planning to list. FWDStart - Sep 9, 2026Latest
Announced a $115M Series D at a $7.1B valuation, led by Wellington. Business Wire via Yahoo Finance - Sep 9, 2026
Said it serves more than 17,000 customers. Business Wire via Yahoo Finance - Mar 2026
Split its credit-based pricing into Data Credits and Actions. Sacra - Jan 28, 2026
Announced an employee tender offer of up to $55M at a $5B valuation, led by DST. Business Wire - Jan 28, 2026
Said its ARR reached $100M in December 2025, after growing more than 3.5 times in a year. Business Wire - Aug 5, 2025
Raised a $100M Series C at a $3.1B valuation, led by CapitalG. FWDStart - Jan 26, 2025
Bought Avenue, a New York workflow automation platform, its first acquisition. BetaKit - Jan 22, 2025
Raised a $40M Series B expansion at a $1.25B valuation, led by Meritech Capital. Clay community - Dec 2021
Varun Anand joined as co-founder and head of operations. BetaKit - Feb 22, 2017
Clay Labs Inc. was incorporated, per Tracxn. Tracxn
What others say about Clay
Moments where people outside the company talk about it.
Jacob Lauritzen · Latent Space · Nov 2, 2026
“clay is another one on the gtm side that uh you know very known for the spreadsheets”
34:25 Tabular Review lets lawyers test a workflow on ten rows first 4 min
Questions people ask
Is Clay a public company? Can I buy Clay stock?
No. Clay is private and has no ticker, so its shares aren't sold on any exchange.
When will Clay IPO?
Kareem Amin said in September 2026 that Clay is not currently planning to list (FWDStart). No IPO filing has been made public.
Who owns Clay?
Its founders, staff and investors, including Wellington, CapitalG, Sequoia, Meritech, Andreessen Horowitz and DST Global. Stakes haven't been disclosed.
Who is the CEO of Clay?
Kareem Amin, who founded it in 2017 after serving as VP of Product at The Wall Street Journal.
Who founded Clay?
Kareem Amin and Nicolae Rusan, in 2017. Varun Anand joined as co-founder in 2021, and Rusan has since left.
How much is Clay worth?
$7.1B at its Series D in September 2026, according to SiliconANGLE.
How much revenue does Clay make?
It said it reached $100M in ARR in December 2025. In September 2026 its annualized revenue was reported on track for $200M by quarter's end (SiliconANGLE).
Is Clay profitable?
Kareem Amin said it was briefly profitable earlier in 2026 (SiliconANGLE). Sacra estimates it ran a slight loss on $30M of 2024 revenue.
How does Clay make money?
Subscriptions with unlimited seats and usage-based consumption. It offers a Free plan plus paid Launch, Growth and Enterprise plans.
How many customers does Clay have?
More than 17,000 as of September 2026, including 80% of the Forbes AI 50 (Business Wire).
People on Real Alpha
- Kareem Amin, Co-founder & CEO, Clay
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How this page is sourced
Each figure links to the filing, company statement or news report it came from, with its date. Run rates are what reporters were told, not audited results; estimates and unconfirmed reports are marked. Quotes are what each person said on the record, with the minute they said it. Spotted something that's off? .
Last checked Nov 8, 2026