C3.ai Inc. (NYSE: AI)

C3.ai Inc. (NYSE: AI) is a leading provider of enterprise AI software solutions for digital transformation. The company was founded in 2009 by Thomas Siebel, a pioneer in the software industry, with the vision of revolutionizing how businesses leverage AI and machine learning to drive operational efficiency and improve customer engagement.

C3.ai’s platform enables organizations to build and deploy AI applications at scale, across industries such as manufacturing, energy, financial services, healthcare, and more. The company’s flagship product, the C3 AI Suite, is an end-to-end platform that provides a comprehensive suite of pre-built AI applications, tools, and frameworks that can be customized to meet the specific needs of each organization.

C3.ai has a proven track record of delivering measurable business value to its customers, with use cases such as predictive maintenance, fraud detection, supply chain optimization, and more. The company’s customers include some of the world’s largest and most innovative companies, including Shell, 3M, Enel, and the United States Air Force.

In addition to its core AI software offerings, C3.ai has also established strategic partnerships with leading cloud providers such as Microsoft, AWS, and Google Cloud, to enable its customers to seamlessly deploy their AI applications in the cloud.

C3.ai is headquartered in Redwood City, California, and has a global presence with offices in Europe, Asia, and Australia. The company has been recognized as a leader in the AI software market by leading industry analysts, including Gartner and Forrester.

Market Opportunity

From an investment perspective, C3.ai Inc. represents an attractive opportunity given the significant market potential for its enterprise AI software solutions. The global AI software market is projected to grow rapidly in the coming years, with increasing demand from organizations across industries seeking to leverage AI to drive operational efficiency and improve customer engagement and revenue growth.

The global AI software market is projected to grow at a compound annual growth rate (CAGR) of over 30% from 2021 to 2028, and C3.ai is well-positioned to capture a significant share of this market. The company’s strategic partnerships with leading cloud providers and its strong customer base have helped establish its position as a leader in the AI software market. C3.ai went public in December 2020, with a highly successful IPO that raised $651 million.

Leadership Team

Thomas Siebel, CEO and Founder of C3.ai, is a pioneer in the software industry with over 30 years of experience. Prior to founding C3.ai, he founded Siebel Systems, a CRM software company that was acquired by Oracle for $5.85 billion. Siebel has received numerous awards for his contributions to the technology industry, including the David Packard Award for his lifetime achievements in the IT sector.

Ed Abbo, President and Chief Technology Officer of C3.ai, has over 25 years of experience in enterprise software and has held executive positions at Oracle and BMC Software. Prior to joining C3.ai, Abbo served as President of Oracle Cloud and was responsible for the company’s cloud strategy and product development. He has also held leadership positions at BEA Systems and Talarian Corporation.

Houman Behzadi, the company’s Chief Revenue Officer, has over 25 years of experience in enterprise technology sales and has held leadership positions at Salesforce, Oracle, and IBM. Prior to joining C3.ai, Behzadi served as Senior Vice President of Salesforce’s Platform business and was responsible for driving the company’s cloud platform revenue growth.