Clay raises $115m at a $7.1bn valuation, more than double its 2025 price
THE SO WHAT
A $115M Series D at a $7.1B valuation for go-to-market software says capital still pays up for revenue engines that convert AI exhaust into pipeline. If you sell into sales/marketing, expect buyers to ask how your product plugs into or competes with Clay-style orchestration rather than point tools.
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Salesforce closing Fin and circling a ~$2B Listen Labs deal is consolidation of AI-native customer interaction data into one CRM gravity well. If you compete with or build on top of Salesforce, assume they will own more of the agent, call, and feedback exhaust—and adjust your data access, integration, and differentiation plans accordingly.
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Miro selling for ~$1.36B after a $17.5B peak is a hard repricing of horizontal collaboration SaaS. If you’re building in this layer, assume multiples are resetting—invest in depth (workflows, data, AI-native features) or consolidation will be your default exit path.