C3.ai Inc (NYSE:AI) operates as an enterprise artificial intelligence (AI) software company. The company provides software-as-a-service applications for enterprises. Its software solutions include C3 AI Suite, a platform-as-a-service application development and runtime environment that enables customers to design, develop, and deploy enterprise AI applications; and C3 AI Applications, which include industry-specific and application-specific turnkey AI solutions. Its C3 AI applications include C3 AI Inventory Optimization, a solution to optimize raw material, in-process, and finished goods inventory levels; C3 AI Supply Network Risk, which provides visibility into risks of disruption throughout the supply chain operations for enterprise supply chain managers; C3 AI Customer Churn Management, which enables account executives and relationship managers to monitor customer satisfaction using transactional, behavioral, and contextual information, as well as to take action to prevent customer churn with AI-based and human-interpretable predictions and warning; C3 AI Production Schedule Optimization, a solution for scheduling production; C3 AI Predictive Maintenance, which provides insight into asset risk to maintenance planners and equipment operators; C3 AI Fraud Detection solution; and C3 AI Energy Management solution. The company also offers integrated turnkey enterprise AI applications for various market segments, including oil and gas, chemicals, utilities, manufacturing, retail, banking, financial services, intelligence, aerospace and defense, healthcare, telecommunications, pharmaceuticals, smart cities, transportation, and others. C3.ai, Inc. serves customers primarily in Europe, Asia, and the United States. It has strategic partnerships with Baker Hughes in the areas of oil and gas market; FIS in the areas of financial services market; Raytheon in the areas of the U.S. defense and intelligence communities; and Microsoft and Adobe in the areas of customer relationship management. The company was formerly known as C3 IoT, Inc. and changed its name to C3.ai, Inc. in June 2019. C3.ai, Inc. was founded in 2009 and is headquartered in Redwood City, California.. The founder and CEO of this company is Thomas Siebel.
n January 2009, Siebel previously founded Siebel Systems in 1993. He sold that company to Oracle (NASDAQ:ORCL) for $5.8 billion in June 2006. He’s out to do it a second time but not before building C3 into one of the world’s leading providers of enterprise AI.
“We serve a large and rapidly growing market, estimated to be $174 billion in 2020, growing to $271 billion in 2024,” Siebel stated in the company’s IPO prospectus.
The Financial Times’ annual ranking listed C3.ai as the fastest-growing companies in the Americas since it is one of the world’s leading providers of enterprise artificial intelligence (AI).
The fact that Tom Siebel is running this company makes it very attractive for long-term growth investors. This company will dominate its market and grow year over year.