C3.ai, Inc. (also C3 AI) is an American technology company specializing in enterprise artificial intelligence. Based in Redwood City, California, the company founded in 2009 by Thomas Siebel became a public company in 2020 and trades on the Nasdaq.

C3.ai, Inc.
Company typePublic
NYSEAI
Industry
Founded2009; 15 years ago (2009)
FounderThomas Siebel
Headquarters
Key people
Thomas Siebel (chairman and CEO)
Revenue Increase US$311 million (2024)[1]
Number of employees
891 (2024)[1]
Websitec3.ai

History

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C3.ai was founded in 2009 by Thomas Siebel as "C3".[2] Originally the "C" in the company's name was a reference to "carbon" and the "3" was a reference to "measure, mitigate and monetize" because the company's original goal was to help manage corporate carbon footprints.[3] For some time in 2016 the company was named C3IoT and before that was briefly named C3 Energy.[4][2] The company went public in 2020.[2] Following their IPO C3.ai faced market skepticism and criticism, including that Siebel liquidated shares worth hundreds of millions of dollars soon after the IPO.[5]

References

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  1. ^ a b "FY 2024 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. June 17, 2024.
  2. ^ a b c "Thomas Siebel". Forbes. Forbes. Retrieved 10 April 2023.
  3. ^ "C3.ai". openbusiness council. openbusiness council. Retrieved 10 April 2023.
  4. ^ "C3 IoT: Enabling Digital Industrial Transformation". Stanford Business Graduate School. Retrieved 10 April 2023.
  5. ^ Khorram, Yasmin. "Billionaire Tom Siebel faces tumult at C3.ai as investor lawsuit, short sellers question metrics". cnbc.com. CNBC. Retrieved 22 February 2024.
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  • Official website
  • Business data for C3.ai, Inc: