Redwood City‚ Calif. – March 2‚ 2017 – C3.ai today announced a Series E financing round at a $1.4 billion pre-money valuation. Led by Breyer Capital‚ a global firm with investment interest in long term-oriented entrepreneurs and teams working in artificial intelligence (AI)‚ the funds will be used to fuel C3.ai’s growth by expanding its product footprint and customer service capacity globally. Investors included Breyer Capital‚ TPG‚ Sutter Hill‚ Wildcat Venture Partners‚ Pat House‚ and Thomas Siebel. The amount of the financing was not disclosed.
A fast-growing leader in PaaS enterprise software for big data‚ AI‚ and IoT applications‚ C3.ai applies the sciences of big data‚ cloud computing‚ and machine learning to enable a new generation of predictive analytics applications.
C3.ai has more than 20 industrial-scale deployments with more than 100 million connected IoT sensors. The company closed a $70 million Series D equity financing led by TPG Growth in September of 2016.
About C3 AI
C3 AI is the Enterprise AI application software company. C3 AI delivers a family of fully integrated products including the C3 Agentic AI Platform, an end-to-end platform for developing, deploying, and operating enterprise AI applications, C3 AI applications, a portfolio of industry-specific SaaS enterprise AI applications that enable the digital transformation of organizations globally, and C3 Generative AI, a suite of domain-specific generative AI offerings for the enterprise.
C3 AI Public Relations
Axicom
Mindy Nelson
830-214-4823
pr@c3.ai
Investor Relations
ir@c3.ai