Venture Capital News: Clari Announces $150M Series E Financing
2021-03-04
SUNNYVALE, CA, Today Clari, the revenue operations leader, announced it has closed on $150 million in a Series E investment round.
Today Clari announced it has closed on $150 million in a Series E investment round, bringing the company's total valuation to $1.6 billion. This latest funding round is led by Silver Lake, with participation from B Capital Group and existing investors Sequoia Capital, Bain Capital Ventures, Sapphire Ventures, Madrona Ventures, Thomvest, and Tenaya Capital.
The company will use the proceeds of the investment round to accelerate product development, expand ecosystem partnerships and drive global expansion. This new investment follows Clari's $60 million series D funding in October 2019, bringing the company's total funding to date to $285 million.
Clari's Revenue Operations Platform improves efficiency, predictability, and growth across the entire revenue process. 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.
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