C3.ai

AI software provider

Categories

Technology  
Summary

C3.ai is a software suite for digital enterprise transformation. C3 delivers a comprehensive platform as a service (PaaS) for rapidly developing and operating big data, artificial intelligence, and IoT software as a service (SaaS) applications. C3 also offers a family of configurable and extensible SaaS products developed with and operating on its PaaS. It has achieved strategic partnerships with Microsoft, Hewlett-Packard, and Amazon, among many others. 

The core of the C3 AI Suite is a revolutionary, extensible, model-driven abstraction layer that dramatically enhances data scientist and application developer productivity while future-proofing applications against underlying IT evolution. The C3 AI Suite supports any enterprise value chain in any industry with configurable, pre-built, high-value AI applications.


History

In 2009, three years after selling Siebel Systems to Oracle for $5.85 billion, Thomas Siebel launched C3. Initial idea was to help companies reduce their carbon footprints, hence the name C3 where "C" is for carbon and "3" is for three “M” words: measure, mitigate and monetise. 

In 2012, the company renamed itself C3 Energy and helped grid operators aggregate and analyse data from various sensor devices and enterprise software systems. In 2016, C3 Energy renamed itself C3 IoT and began delivering cloud computing, data analytics, and machine learning applications to other industries. In 2017, C3 IoT became a “unicorn”, valued at more than $1 billion, and in June 2019, the company changed its name to C3.ai, Inc.


Mission

Its mission is to empower every person and every organisation on the planet to achieve greater technological advancement to benefit the humanity.


Vision

The company aims to create comprehensive services and solutions that are efficient and cost-effective than alternative approaches. The enterprise-scale AI applications offered by the company can support the value chain across all industries. They provide pre-built, configurable, and high-value applications for various purposes like fraud detection, establishing reliability, sensoring network health, optimising supply network, energy management, and customer engagement.


Key Team

Thomas M. Siebel (Chairman & Chief Executive Officer)


Recognition and Awards
Great Place To Work by Glassdoor in 2016. The company won EY Entrepreneur of the Year, Thomas M. Siebel in 2017 and 2018. Thomas Siebel was recognised as amongst the 100 Most Intriguing Entrepreneurs by Goldman Sachs in 2018. He was also recognised as the Forrester IIoT Wave Leader in 2018 and 2019. C3.ai was amongst the 500 fastest growing Technology Companies in North America by Deloitte in 2018. It was also the Forbes Cloud 100 Standout company successively from 2017 to 2019. C3.ai was amongst Disruptor 50 for AI, Big Data, and Cloud Computing by CNBC from 2018 to 2020, and it was recognised as the leader of solutions for industrial platforms and applications in Energy by IDC MarketScape in 2019 and 2021.

References
C3.ai
Leadership team

Thomas M. Siebel (Chairman & Chief Executive Officer )

Industries

Technology

Products/ Services
Enterprise AI applications and software solutions
Number of Employees
500 - 1000
Headquarters
Redwood City, California
Established
2009
Company Registration
SEC CIK #0001577526
Revenue
100M - 500M
Traded as
NYSE: AI
Social Media

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Thu Mar 28 2024
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