Clay vs Apollo | Sacra

TL;DR: As AI has swept through sales and growth teams, Clay has emerged as one of the key systems of record for modern go-to-market teams. Sacra estimates Clay hit $100M ARR in November 2025, up 263% YoY, valued at $3.1B as of its June Series C led by CapitalG for a 31x forward revenue multiple. For more, check out our full report and dataset on Clay.

Key points via Sacra AI:

Clay (founded in 2016) emerged out of the neo-spreadsheets trend pioneered by Airtable (founded in 2012) as a horizontal productivity tool before Equals (for finance), Rows (for BI) and Clay (for sales) launched for specific verticals, with Clay focusing on helping go-to-market teams build outreach lists by importing a list of prospects, enriching it with data from 100+ providers, and syncing it into a sequencer to power the outbound. Instead of charging per seat, Clay offers unlimited seats across all of its plans and monetizes based on credit-based subscriptions (from $149/month Starter with 2K credits/month to custom Enterprise) that meter each enrichment and AI action, with usage tending to cluster around single power-user "GTM Engineers" who function as internal product owners.
Finding initial traction with cold email agencies managing many-vendor enrichment stacks before getting picked up by GTM teams at companies like OpenAI , Canva , and Anthropic , Sacra estimates Clay hit $100M ARR in November 2025, up 263% YoY, valued at $3.1B as of its June Series C led by CapitalG for a 31x forward revenue multiple. Compare Clay as a data-focused provider to all-in-one GTM platform Apollo.io at $150M ARR in May 2025, up from $134M at the end of 2024 and growing 34% YoY, last valued at $1.6B for a 10.7x multiple, and to ZoomInfo (NASDAQ: GTM) at $1.23B in TTM revenue, up 2% YoY, valued at $3.1B for a 2.5x multiple.
While Apollo , ZoomInfo & HubSpot compete with Clay on data enrichment as all-in-one platforms, Clay positions as complementary with a bring-your-own-API-key model that lets teams run enrichments in Clay using their all-in-one’s API & credits without double counting against Clay credits, and still benefit from Clay for orchestration. On the back-end, Clay has built a marketplace model where 100+ 3rd-party data providers monetize enrichments through the platform via wholesale relationships such that Clay’s business model both makes margin on credits (via underuse and overages) and purely as workflow & orchestration SaaS.

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