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C3.ai, Inc. (NYSE: AI) is a prominent player in the realm of enterprise artificial intelligence (AI). Based in Redwood City, California, the company offers a wide array of products and services designed to accelerate digital transformation across industries. C3 AI's core offering is the C3 AI Platform, an end-to-end solution for developing, deploying, and operating large-scale enterprise AI applications. This platform is supplemented by C3 AI Applications, a suite of industry-specific, turnkey SaaS solutions that address unique business needs, and C3 Generative AI, a collection of advanced AI transformer models.
The company’s innovative approach has garnered significant traction across diverse industries, from manufacturing and healthcare to federal government and energy sectors. Some notable partnerships include collaborations with industry giants like Genentech, ExxonMobil, and Dow. These partnerships leverage C3 AI's capabilities to enhance operational efficiencies, predictive maintenance, and data-driven decision-making.
Financially, C3.ai has demonstrated robust growth. For the fiscal year 2024, the company reported a 16% year-over-year revenue increase to $310.6 million, with subscription revenue growing 21% to $278.1 million. The company's strategic focus on expanding its federal business has paid off, with federal revenue more than doubling in FY24. Additionally, C3 AI has maintained a strong cash reserve of $750.4 million, positioning it well for future growth.
C3.ai continues to innovate and lead in the AI space with the introduction of products like C3 Generative AI. The company’s commitment to driving digital transformation is evident in its expansive pilot programs and growing partner network, which includes collaborations with AWS, Google Cloud, and Microsoft Azure. C3.ai’s fifth annual AI conference, C3 Transform, exemplifies its thought leadership, bringing together global experts to discuss the future of AI in business.
C3 AI (NYSE: AI) and Capgemini announced an expansion of their partnership to accelerate the delivery of Enterprise AI solutions across industries. The collaboration combines C3 AI's Enterprise AI applications with Capgemini's industry expertise and global implementation capabilities. Capgemini will expand its dedicated C3 AI global practice to deliver solutions to joint clients in sectors including life sciences, energy, utilities, government, banking, and manufacturing. The partnership aims to help organizations improve efficiency, productivity, and cost reduction, with both companies already assisting clients in achieving streamlined manufacturing operations.
C3 AI and Microsoft have announced a strategic alliance to accelerate Enterprise AI adoption on Microsoft Azure. The partnership includes technical integration, making C3 AI's Enterprise AI applications available on Microsoft's Commercial Cloud Portal, joint product development, and collaborative sales and marketing efforts. Key solutions immediately available include C3 AI Energy Management, ESG, Reliability, Sourcing Optimization, Property Appraisal, Generative AI for Public Benefits, and Demand Forecasting. The alliance positions Microsoft as C3 AI's preferred cloud provider and establishes C3 AI as a preferred AI application software provider on Azure.
C3 AI (NYSE: AI) has announced it will release its fiscal second quarter financial results for the period ended October 31, 2024, after U.S. markets close on Monday, December 9, 2024. The company will host a conference call and webcast at 2:00 p.m. PST / 5:00 p.m. EST on the same day, featuring a question-and-answer session for analysts and investors. Participants can access the call via telephone registration or webcast registration. An audio replay will be available for 30 days on C3 AI's Investor Relations website.
C3 AI (NYSE: AI) has been granted U.S. patent (US 12,111,859) for its advanced AI agent generative technology. The patent covers a system for managing multiple AI agents using multimodal foundation models. The C3 Generative AI architecture orchestrates AI agents, tools, and machine-learning models to retrieve information, reason, take actions, and produce insights across structured and unstructured data.
Key features include an AI orchestrator coordinating multiple agents, autonomous operation capabilities, multimodal model integration, natural language summarization, and comprehensive security measures with full traceability. The technology is designed to transform Enterprise AI applications across various domains including supply chain optimization, predictive maintenance, and CRM.
C3 AI (NYSE: AI) has announced the rebranding of its C3 AI Asset Performance Suite, a collection of AI applications designed for asset-intensive industries. The suite includes C3 AI Reliability, C3 AI Process Optimization, and C3 AI Energy Management, aimed at improving yield, efficiency, and productivity while minimizing downtime.
CEO Thomas M. Siebel emphasized C3 AI's leadership in AI-powered predictive maintenance and high customer satisfaction. The rebranding reflects the value customers gain from deploying integrated applications that address entire value chains. Customers like Shell, Holcim, and Pantaleon are using the suite to reduce unplanned downtime, optimize production efficiency, reduce energy consumption, and accelerate sustainability goals.
C3 AI's product roadmap includes investments in generative AI, AI vision, automated AI, governance, and explainability. A webinar demonstrating the suite's capabilities is scheduled for October 24 at 10AM PT.
C3 AI (NYSE: AI) has announced the appointment of General (Ret.) John E. Hyten to its board of directors, effective immediately. General Hyten, a distinguished military leader with 40 years of service in the U.S. Air Force, brings valuable experience in AI adoption for national security and economic prosperity.
Thomas M. Siebel, Chairman and CEO of C3 AI, emphasized General Hyten's deep understanding of AI's necessity in modernizing the defense sector and his first-hand experience with government agencies. As a board member, General Hyten will help shape the company's strategic direction in delivering innovative AI solutions across federal, defense, and intelligence communities.
General Hyten's notable positions include Commander of the Air Force Space Command, Commander of the United States Strategic Command, and Vice Chairman of the Joint Chiefs of Staff. His appointment is expected to strengthen C3 AI's position in delivering rapid and secure AI solutions for defense and intelligence.
C3 AI, the Enterprise AI application software company, has been recognized as a Leader in Forrester Research's report, The Forrester Wave™: AI/ML Platforms, Q3 2024. The report highlights C3 AI's vision for the future of business in the AI age and its ability to guide enterprises in becoming AI beacons in their industries.
Thomas M. Siebel, Chairman and CEO of C3 AI, emphasized the company's 15-year journey and over $2 billion investment in developing a comprehensive Enterprise AI Platform. C3 AI has delivered over 100 production Enterprise AI applications across various sectors, including banking, defense, utilities, and pharmaceuticals.
The Forrester Wave™ report noted C3 AI's strengths in governance policies and partner ecosystem, which help enterprises quickly and responsibly achieve ROI from AI. C3 AI received the highest possible scores in several criteria, including Vision, Innovation, Partner Ecosystem, and Governance for both Data and Models.
C3.ai, Inc. (NYSE: AI) reported fiscal Q1 2025 results with total revenue of $87.2 million, up 21% year-over-year. Subscription revenue grew 20% to $73.5 million, representing 84% of total revenue. The company achieved positive free cash flow of $7.1 million and maintains strong cash reserves of $762.5 million.
C3 AI closed 71 agreements in Q1, a 122% increase year-over-year, including 52 pilots. The company expanded its presence in State and Local Government and Federal sectors. C3 Generative AI saw strong demand, closing 17 pilots across various industries. The company provided guidance for Q2 and full-year fiscal 2025, projecting continued revenue growth.
C3 AI (NYSE: AI) has been recognized by Constellation Research for its leadership in Artificial Intelligence and Machine Learning Platforms. The company was named to both the Constellation ShortList™ for AI and ML Best-of-Breed Platforms and the AI and ML Cloud Platforms in Q3 2024. This marks C3 AI's third ShortList recognition in 2024, highlighting its position as an industry-leading solution for Enterprise AI.
The C3 AI Platform enables organizations to build, deploy, and operate Enterprise AI applications at scale. It supports various industries with prebuilt, configurable AI applications for use cases such as reliability, supply network optimization, and energy management. Notable clients include Shell, the U.S. Air Force, and Koch Industries.
Constellation Research's ShortLists are designed to help identify effective, transformative solutions for buyers in the rapidly growing market for enterprise-scale AI and ML solutions.
C3 AI (NYSE: AI) announced the annual AI Defense Forum will take place on September 10, 2024, in Tysons, Virginia. The event brings together military and civilian leaders, technologists, and policymakers to address opportunities for enterprise AI in modernizing defense applications and strengthening national security. Key focus areas include:
1. Accelerating insight advantage with generative AI
2. Applying safe and effective AI practices in high-impact environments
3. Implementing a strategic vision for U.S. AI programs
Notable speakers include Thomas M. Siebel (C3 AI CEO), Dr. Will Roper (Former Assistant Secretary of the U.S. Air Force), and General (Ret.) John Hyten (Former Vice Chairman of the Joint Chiefs of Staff). The forum aims to showcase mission-ready solutions and provide insights from experts implementing AI in defense and intelligence sectors.
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