Clari Announces Strategic Investment and Partnership with Workday
Collaboration to integrate market leading AI-powered forecasting into financial planning
SUNNYVALE, CALIF. — July 15, 2021 — Today Clari, the revenue operations leader, announced it has received a strategic investment from Workday Ventures as an extension to its Series E investment round. Workday joins other Series E investors, including Silver Lake Partners, Northgate Capital, B Capital Group, Sequoia Capital, Bain Capital Ventures, Sapphire Ventures, Madrona Ventures, Thomvest, and Tenaya Capital.
Clari and Workday also announced a collaboration aimed at combining Clari’s AI-powered forecasting insights with Workday Adaptive Planning’s financial planning and reporting workflows, giving companies greater predictability and visibility into future results. Workday selected Clari in 2019 to gain greater visibility and execution insight into their deal pipeline and increase overall forecast accuracy. This partnership is a reflection of the companies’ joint commitment to continue building on their strategic relationship.
“Companies are facing increased pressure to deliver predictable growth, which is why it’s important for us to partner with Clari,” said Mark Peek, managing director and co-head, Workday Ventures. “Together, Workday and Clari will explore ways to bring forecasting and pipeline insights together with financial reporting systems to provide real-time company performance insights to CFOs, increasing transparency and control.”
“As the Revenue Operations leader, we are delivering the transparency and rigor needed to drive breakthrough financial results,” said Alyssa Filter, CFO of Clari. “The investment from Workday Ventures and our partnership with Workday will accelerate our ability to transform companies’ revenue operations to be more connected, efficient and predictable.”
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. Visit us at clari.com and follow us @clari on LinkedIn.
About Workday Ventures
Workday Ventures is the strategic investment arm of Workday, Inc., focused on accelerating the growth of emerging enterprise software companies that enhance the Workday customer experience and are complementary to Workday products and services. The $250 million fund was launched in February 2018 with investments in companies focused on areas such as machine learning, employee enablement, data and analytics, and robotic process automation.