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Software Firm Clari Valued at $1.6 Billion in Funding Round

The business management platform builds momentum.
(Jirapong Manustrong)
(Jirapong Manustrong)
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“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?

  1. 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.”
  2. 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.

Looking Ahead:

  1. 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.”
  2. There’s no timeline yet, but Clari also hinted at the possibility of a future IPO.
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