Clay valued at $3.1 billion in latest fundraise as AI continues to run hot

(Reuters) -AI startup Clay has raised $100 million in its latest fundraising round, the company said on Tuesday, valuing it at $3.1 billion, as investors continue to pour money into artificial intelligence companies.

The round was led by Google-parent Alphabet’s independent growth fund, CapitalG, indicating industry validation for Clay’s offerings.

The round brings the company’s total funding to $204 million.

(Reporting by Ateev Bhandari in Bengaluru; Editing by Janane Venkatraman)

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