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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 McKinsey & Company announced a strategic alliance at Davos to accelerate enterprise-scale AI transformations. The partnership combines McKinsey's AI practice, QuantumBlack, with C3 AI's enterprise AI software applications to help clients implement AI solutions across industries.
The alliance will initially focus on three key sectors: Energy (improving production, safety, and productivity), Manufacturing (enhancing throughput, product quality, and supply chains), and Financial Services (detecting fraud, managing risks, and personalizing customer experiences).
The joint offering promises unmatched speed to value through pre-built AI applications, transformative scale and impact through QuantumBlack's global expertise, and reduced risk and accelerated adoption through combined expertise. The alliance will operate globally, leveraging both organizations' strengths to serve clients worldwide.
C3 AI (NYSE: AI) and Collins Aerospace, an RTX business, announced an expansion of their joint initiatives to develop and deliver AI solutions for defense and intelligence sectors. The collaboration focuses on deploying applications from the C3 AI Defense and Intelligence Suite, including C3 AI Readiness and C3 Generative AI for Defense and Intelligence.
The partnership aims to enhance operational efficiency and decision-making capabilities for federal agencies, focusing on maintaining strategic advantage and improving mission readiness in national security operations. The initiative represents a strategic move to advance technology adoption in support of federal priorities.
C3 AI (NYSE: AI) and ECS have secured a task order from the U.S. Army's Program Manager for Intelligence Systems & Analytics to modernize intelligence collection management processes. The partnership will deploy C3 AI Decision Advantage, an AI-enabled application suite optimized for Combined Joint All-Domain Command & Control (CJADC2).
The solution aims to digitize collection management workflows, provide tactical toolsets, and reduce the burden of soldier collection requirements management. The implementation will integrate and optimize information collection assets across the U.S. Army, enabling improved efficiency and readiness in intelligence tasking, collection, processing, and dissemination.
C3.ai (NYSE: AI) reported strong fiscal Q2 2025 results with revenue growing 29% year-over-year to $94.3 million. Subscription revenue increased 22% to $81.2 million, representing 86% of total revenue. The company announced a significant strategic alliance with Microsoft through March 2030, making C3 AI solutions available on Azure Price List and Marketplace.
The company closed 58 agreements including 36 pilots, with 62% of total agreements through its partner network. Notable expansions included deals with ExxonMobil, Shell, and various U.S. defense agencies. C3 AI maintains a strong financial position with $730.4 million in cash and equivalents. The company raised its FY 2025 guidance to $378.0-$398.0 million in total revenue.
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.