“Clari Inc., a software startup that helps businesses forecast their revenue, said it has raised $150 million in financing at a $1.6 billion valuation,” Bloomberg writes.
Who’s Involved: Silver Lake led this round. B Capital also participated, joining existing inventors Bain Capital Ventures, Sequoia Capital and Sapphire Ventures.
- The latest investment brings Clari’s total funds raised to $285 million.
More Details: Clari is a software provider for sales management, finance, marketing, revenue and other business operations. Some of its customers include Adobe and Zoom.
- Some use Clari to analyze the success of sales calls.
Why Clari Though?
- The software firm has posted strong growth during the pandemic, specifically its sales product which was “especially useful for companies that had to switch from in-person meetings to phone calls.”
- That attracted notable investors like Silver Lake Chairman and Managing Partner Ken Hao. “Revenue is something everybody lives and dies by, especially in volatile environments,” he told Bloomberg.
- Clari’s plans for the new money — product development and international expansion. The firm’s CEO said India looks like a “compelling market for the company.”
- There’s no timeline yet, but Clari also hinted at the possibility of a future IPO.