C3 AI is an open-source platform that develops, deploys, and operates large-scale AI applications. The company’s portfolio includes a suite of 40 ready-to-use enterprise AI applications for several use cases. In addition, the company offers a no-code solution to build AI models along with deep-code tools and a low-code environment to develop, deploy, and operate enterprise AI applications. The platform provides data ingestion, data modeling, ML feature engineering, model lifecycle management, and UI development tooling.
In addition, the company offers a Generative AI Suite that includes 28 domain-specific generative AI offerings. This includes offerings targeting the defense, aerospace, healthcare, oil and gas, and manufacturing industries, as well as those targeting business processes and enterprise systems.
The company provided its platform under a consumption-based pricing model.
C3 AI operates in the US, UK, Germany, France, Australia, Netherlands, Mexico, India, Singapore, and Italy.
Key customers and partnerships
C3 AI serves Fortune 500 companies and customers in the manufacturing, oil and gas, utilities, financial services, defense and intelligence, government, healthcare, retail, telecommunications, and transportation industries. Notable customers include Shell, Bank of America, US Air Force, Koch Industries, and ENGIE.
The company’s partner base includes Google Cloud, Microsoft, Amazon, Raytheon, FIS, and Baker Hughes.
Funding and financials
In December 2020, the company went public on NYSE and raised USD 651 million in funding at a USD 10 billion valuation.
In FY2023 (ending April 2023) , the company generated total revenue of USD 266.8 million (up 5.6% YoY) and a net loss of USD 268.8 million, compared to USD 192.1 million in the prior year.
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