C3.ai

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AI-Innovators-2023-C3-AI

AI is now all the rage. But C3 AI began positioning itself in the market over a decade ago. In March, C3 AI released C3 Generative AI, making it one of the first companies to offer a generative AI solution that ran on an enterprise’s own information systems. C3 Generative AI projects are now in place at Georgia-Pacific, Flint Hills Resources, Nucor, Pantaleon, Con Edison, and multiple U.S. Department of Defense agencies including the U.S. Air Force and the Missile Defense Agency. Using the technology, the Missile Defense Agency was able to reduce flight test analysis and report time from one to two months to one week, the company says. More broadly, the Redwood City, Calif.–based company, run by billionaire enterprise software guru Tom Siebel, has provided AI tools for sectors that include manufacturing, financial services, and oil and gas. It's involved in some of the largest energy optimization and predictive maintenance projects with companies including European utility Enel, Duke Energy, and Shell plc. Founded in 2009, the company went public in December 2020. C3 AI's total revenue for fiscal year 2023 was $266.8 million, an increase of 5.6% compared to its FY ’22.

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C3.ai

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