Clari, a Sunnyvale, CA-based revenue operations leader, announced that it closed on a $225 million Series F round, raising the company’s total valuation to more than $2.6 billion. The new funding follows Clari’s $150 million Series E round in March 2021, bringing total funding in the last 12 months to $375 million while more than quadrupling the company’s valuation in two years.
The round was led by Blackstone through funds managed by Blackstone Growth (BXG), the firm’s growth equity business, and included existing investor Silver Lake, in addition to new investors Light Street Capital and Maverick Capital. Other existing investors participating in the round include B Capital Group, Bain Capital Ventures, Madrona Ventures, Northgate Capital, Sapphire Ventures, Sequoia Capital, Sequoia Capital Global Equities, and Tenaya Capital.
The company will use the proceeds of the investment round to expand its team globally and advance its technical strategy to give customers ever-greater control over their revenue. In 2021, Clari more than doubled its team to over 500, with plans to add another 300 employees in 2022, including adding twice as many employees in EMEA and formally expanding in APAC. Clari acquired its first company in 2021 and will use the proceeds from the investment round to fuel its acquisition strategy.
Company: Clari Inc.
Raised: $225.0M
Round: Series F
Funding Month: January 2022
Lead Investors: Blackstone
Additional Investors: Silver Lake, Light Street Capital, Maverick Capital, B Capital Group, Bain Capital Ventures, Madrona Ventures, Northgate Capital, Sapphire Ventures, Sequoia Capital, Sequoia Capital Global Equities, and Tenaya Capital
Company Website: https://www.clari.com/
Software Category: Revenue operations management platform
About the Company: Clari is a revenue operations management platform that is known to offer exceptional execution capabilities. It handles everything related to individual business sectors including pipeline management, forecasting, and revenue intelligence, improves efficiency, predictability, and growth across the entire revenue process. The platform automatically gathers relevant information from the client organization’s database and puts its AI assistant at work to create interactive dashboards prefilled with executable insights. Clari gives revenue teams total visibility into their business, to drive process rigor, spot risk and opportunity in the pipeline, increase forecast accuracy, and drive overall efficiency. Thousands of sales, marketing, and customer success teams at leading companies, including Okta, Adobe, Workday, Zoom, and Finastra, use Clari’s execution insights to make their revenue process more connected, efficient, and predictable.
Source: https://www.clari.com/press/clari-announces-225-million-series-f/