Clari, which unlocks company data to generate predictable revenue, raises $225M

Did you miss a session from the Future of Work Summit? Head over to our Future of Work Summit on-demand library to stream. Clari, a so-called “revenue operations” platform designed to help companies generate more predictable revenue through big data insights, has raised $225 million in a series F round of funding […]

Did you miss a session from the Future of Work Summit? Head over to our Future of Work Summit on-demand library to stream.


Clari, a so-called “revenue operations” platform designed to help companies generate more predictable revenue through big data insights, has raised $225 million in a series F round of funding at a $2.6 billion valuation.

Revenue operations, or RevOps, is a relatively new term that describes the age-old problem of  how businesses generate more predictable revenue by getting everyone involved — across sales, marketing, and finance — to work effectively together. It’s ultimately all about bringing more visibility through data, allowing companies to optimize pricing to enhance conversions, reduce revenue “leakage,” and identify new channels for revenue.

Founded in 2013, Sunnyvale, California-based Clari enables companies to find hidden and missing data, and combine data from across email, CRM systems, call logs, and more to unlock new predictive insights.

Above: Clari dashboard example

The company had previously raised around $271 million since its inception, securing big-name clients such as Atlassian, Zoom, Okta, and Equinix. In the past year alone, some 18 Clari customers went public, including Confluent, UiPath, and Hashicorp — with Clari-powered data insights playing a pivotal part in their IPO push.

“Clari has transformed the revenue and sales process from an antiquated mess to a software- and data-driven business process that is minting new industry juggernauts,” Clari cofounder and CEO Andy Byrne noted in a press release.

With another $225 million in the bank from notable investors including lead backer Blackstone, Silver Lake, and Sequoia Capital, the company is now well-financed to capitalize on what it calls “skyrocketing demand.” But perhaps more importantly, Blackstone’s stake extends far beyond financial input, as the investment giant also plans to “look for opportunities” to deploy Clari across hundreds of its portfolio companies globally.

“Gone are the days of time-consuming revenue calls trying to figure out what has happened and who has the ball,” added Jennifer Morgan, Blackstone’s global head of portfolio operations. “Clari brings transparency, urgency, action, and clarity to moving revenue forward.”

Clari’s series E round included investments from Light Street Capital, Maverick Capital, B Capital Group, Bain Capital Ventures, Madrona Ventures, Northgate Capital, Sapphire Ventures, Sequoia Capital Global Equities, and Tenaya Capital.

VentureBeat

VentureBeat’s mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact.

Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:

  • up-to-date information on the subjects of interest to you
  • our newsletters
  • gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
  • networking features, and more

Become a member

Clari, which unlocks company data to generate predictable revenue, raises $225M

Jolyon Davie

Next Post

Cramer says avoid 'clown companies' with no earnings, look for buys in tech drop

Thu Jan 20 , 2022
CNBC’s Jim Cramer said Wednesday that investors should look to profitable companies for potential buying opportunities following another tech-driven sell-off. “A lot of the companies that came down yesterday … were really really good companies, and I think you have to start buying them,” Cramer said on “Squawk Box” before […]

You May Like

çanta