---
title: "Clay revenue and valuation"
description: "Clay's ARR is estimated at $86M–$154M, last reported at $100M. Valued at $7.1B after raising $392M. Funding rounds and competitors."
url: https://www.tryspecter.com/revenue-valuation/clay.md
canonical_url: https://www.tryspecter.com/revenue-valuation/clay
publisher: Specter
last_updated: 2026-11-01
---

# Clay revenue and valuation

Specter estimates Clay's annual revenue at $86M to $154M and its valuation at $6.58B to $9.45B. The company last reported $100M ARR in August 2025 and was priced at $7.1B in September 2026.

Clay provides AI-driven SaaS for prospecting, data enrichment, and automated sales workflows.

- Estimated revenue: $86M to $154M (October 2026)
- Estimated valuation: $6.58B to $9.45B (October 2026)
- Last reported ARR: $100M (August 2025)
- Total funding: $392M
- Founded: 2017
- Headquarters: New York City, United States
- Employees: 1,560
- Sector: Sales tech
- Specter Rank: #55,959

## Clay revenue

Clay last reported $100M ARR in August 2025. Specter's model puts current ARR between $86M and $154M.

| Reported figure | Date | Source |
| --- | --- | --- |
| $100M ARR | August 2025 | [Did I join a rocket ship or what? 0>100M ARR in 3 years 🌈](https://www.linkedin.com/posts/maplemapes_did-i-join-a-rocket-ship-or-what-0100m-activity-7358528314774331398-xj-v) (linkedin.com) |

| Month | Specter estimate | Low | High |
| --- | --- | --- | --- |
| October 2026 | $115M | $86M | $154M |
| September 2026 | $118M | $83M | $167M |
| August 2026 | $125M | $94M | $165M |
| July 2026 | $122M | $92M | $162M |
| June 2026 | $101M | $81M | $127M |
| May 2026 | $104M | $82M | $131M |
| April 2026 | $99M | $78M | $126M |
| March 2026 | $99M | $80M | $122M |
| February 2026 | $100M | $83M | $120M |
| January 2026 | $100M | $71M | $141M |
| December 2025 | $100M | $72M | $140M |
| November 2025 | $100M | $79M | $127M |
| October 2025 | $100M | $78M | $129M |
| September 2025 | $100M | $82M | $122M |
| August 2025 | $100M | $83M | $120M |
| July 2025 | $100M | $81M | $124M |
| June 2025 | $100M | $80M | $125M |
| May 2025 | $100M | $75M | $133M |
| April 2025 | $100M | $72M | $139M |
| March 2025 | $100M | $72M | $140M |
| February 2025 | $100M | $69M | $145M |
| January 2025 | $94M | $49M | $138M |
| December 2024 | $67M | $37M | $97M |
| November 2024 | $75M | $33M | $117M |
| October 2024 | $56M | $27M | $85M |
| September 2024 | $50M | $19M | $80M |
| August 2024 | $61M | $19M | $103M |
| July 2024 | $59M | $20M | $97M |
| June 2024 | $25M | $12M | $38M |

## Clay valuation

Clay's valuation rose from $500M at its Series B in June 2024 to $7.1B at its Series D in September 2026. Specter's live estimate sits between $6.58B and $9.45B.

| Month | Specter estimate | Low | High |
| --- | --- | --- | --- |
| October 2026 | $7.89B | $6.58B | $9.45B |
| September 2026 | $7.1B | $5.91B | $8.54B |
| August 2026 | $6.02B | $4.83B | $7.48B |
| July 2026 | $5.1B | $4.17B | $6.23B |
| June 2026 | $4.32B | $3.52B | $5.29B |
| May 2026 | $3.66B | $2.99B | $4.47B |
| April 2026 | $3.1B | $2.58B | $3.73B |
| March 2026 | $3.94B | $3.24B | $4.79B |
| February 2026 | $5B | $4.16B | $6.01B |
| January 2026 | $5B | $4.16B | $6.01B |
| December 2025 | $4.54B | $3.59B | $5.75B |
| November 2025 | $4.13B | $3.31B | $5.16B |
| October 2025 | $3.75B | $3.02B | $4.67B |
| September 2025 | $3.41B | $2.79B | $4.17B |
| August 2025 | $3.1B | $2.58B | $3.73B |
| July 2025 | $3.1B | $2.55B | $3.76B |
| June 2025 | $3.1B | $2.58B | $3.73B |
| May 2025 | $1.5B | $1.25B | $1.8B |
| April 2025 | $1.43B | $1.12B | $1.84B |
| March 2025 | $1.37B | $1.09B | $1.72B |
| February 2025 | $1.31B | $1.07B | $1.6B |
| January 2025 | $1.25B | $1.04B | $1.5B |
| December 2024 | $1.67B | $1.31B | $2.14B |
| November 2024 | $2.24B | $1.81B | $2.78B |
| October 2024 | $3B | $2.5B | $3.61B |
| September 2024 | $1.92B | $1.45B | $2.53B |
| August 2024 | $1.22B | $960M | $1.56B |
| July 2024 | $780M | $640M | $960M |
| June 2024 | $500M | $420M | $600M |

| Reported valuation | Month | Source |
| --- | --- | --- |
| $7.1B | September 2026 | Funding round |
| $3.1B | April 2026 | [x.com](https://x.com/Dylan_txa/status/2040849654703862129) |
| $5B | February 2026 | [news.crunchbase.com](https://news.crunchbase.com/liquidity/sales-automation-unicorn-clay-tender-offers-qa-amin/) |
| $5B | January 2026 | [nytimes.com](https://www.nytimes.com/2026/01/28/business/dealbook/clay-start-up-tender-offers.html) |
| $3.1B | August 2025 | [linkedin.com](https://www.linkedin.com/posts/vmsharma_the-new-york-times-just-announced-clays-activity-7358487316585144321-amtV) |
| $3.1B | June 2025 | Funding round |
| $1.5B | May 2025 | [techcrunch.com](https://techcrunch.com/2025/05/08/clay-authorizes-employee-tender-at-a-1-5b-valuation-led-by-sequoia/) |
| $1.25B | January 2025 | Funding round |
| $3B | October 2024 | [techcrunch.com](https://www.techcrunch.com/latest/3018843/) |
| $500M | June 2024 | Funding round |
| $3.1B | October 2023 | [techcrunch.com](https://www.techcrunch.com/latest/3034434/clay-confirms-it-closed-100m-round-at-3-1b-valuation/) |

## Clay funding rounds

| Date | Round | Raised | Post-money | Lead investors |
| --- | --- | --- | --- | --- |
| 9 Sep 2026 | Series D | $115M | $7.1B | Wellington Management |
| 28 Jan 2026 | Secondary | $55M | Undisclosed | DST Global |
| 13 Jun 2025 | Series C | $100M | $3.1B | CapitalG |
| 8 May 2025 | Secondary | $20M | Undisclosed | Sequoia Capital |
| 22 Jan 2025 | Series B | $40M | $1.25B | Meritech Capital Partners |
| 27 Jun 2024 | Series B | $46M | $500M | Meritech Capital Partners |
| 1 Jan 2023 | Series A | $13.5M | Undisclosed | Sequoia Capital |
| 1 Jan 2023 | Series A | Undisclosed | Undisclosed | Undisclosed |
| 15 Jun 2017 | Seed | $2.5M | Undisclosed | First Round Capital |

## Clay vs competitors

B2B sales automation is splitting between massive contact databases and flexible, agentic workflow engines.

| Company | Estimated revenue | Estimated valuation |
| --- | --- | --- |
| Clay | $86M–$154M | $6.58B–$9.45B |
| Apollo (apollo.io) | $116M–$250M | $550M–$1.52B |
| Landbase (landbase.com) | $2M–$12M | $116M–$220M |
| Zeliq (zeliq.com) | $5.6M–$56M | $38M–$98M |
| Seamless.AI (seamless.ai) | $13M–$77M | $104M–$390M |

## Questions

### What is Clay's revenue?

Specter estimates Clay's annual recurring revenue at $86M to $154M as of October 2026. Clay last reported $100M ARR in August 2025.

### What is Clay's valuation?

Clay's latest post-money valuation is $7.1B, from a September 2026 Series D. Specter's live estimate is $6.58B to $9.45B.

### How much funding has Clay raised?

$392M across nine rounds, from a $2.5M Seed in June 2017 to a $115M Series D in September 2026.

### Who invested in Clay?

26 investors, including CapitalG, DST Global, First Round Capital, Meritech Capital Partners, Sequoia Capital and Wellington Management.

### Who are Clay's competitors?

Apollo, Landbase, Zeliq and Seamless.AI. Specter ranks 29 competitors for Clay.

## About this data

Specter models revenue and valuation monthly and anchors each estimate to reported figures and priced rounds. Method: https://www.tryspecter.com/revenue-valuation

Cite as: Specter. "Clay revenue and valuation." tryspecter.com/revenue-valuation/clay. Updated November 2026.