Explore the transformative journey of C3.ai, a leader in enterprise AI application software. Discover how it’s shaping the future of AI across industries
As we delve into the world of artificial intelligence (AI), one name that frequently surfaces is C3.ai. This American technology company, founded by Silicon Valley veteran entrepreneur Tom Siebel, has carved a niche for itself in the realm of enterprise AI application software. With a suite of fully integrated products, C3.ai is revolutionizing the way organizations globally undergo digital transformation. This article explores the company’s journey, its offerings, and its business model, providing a comprehensive understanding of its operations.
The Genesis of C3.ai
Established in 2009, C3.ai initially set out with the goal of managing corporate carbon footprints, with the “C” in its name referencing “carbon” and the “3” alluding to “measure, mitigate, and monetize”. Over the years, the company underwent several name changes, including C3IoT and C3 Energy, before settling on C3.ai. The company went public in 2020, marking a significant milestone in its journey.
The C3.ai Offering: A Blend of Innovation and Practicality
C3.ai’s offerings are a blend of the C3 AI Application Platform and C3 AI Applications. The former is an end-to-end platform that simplifies and accelerates the development, deployment, and administration of enterprise AI applications. The latter is a portfolio of industry-specific software-as-a-service (SaaS) enterprise AI applications that facilitate the digital transformation of organizations.
The C3 AI software platform empowers developers to rapidly build applications using conceptual models of all the elements required by an Enterprise AI application. This eliminates the need to write complex, lengthy, structured programming code, thereby reducing the effort and complexity of the Enterprise AI software engineering problem.
Enterprise AI Software Solutions
C3.ai has built a single, integrated solution that enables customers to rapidly develop, deploy, and operate large-scale Enterprise AI applications across any infrastructure. This flexibility allows customers to deploy C3 AI applications on all major public cloud infrastructures, private cloud or hybrid environments, or directly on their servers and processors.
The company offers five primary families of software solutions, collectively referred to as C3 AI Software. These include the C3 AI Application Platform, C3 AI Applications, C3 AI Ex Machina, C3 AI CRM, and C3 AI Data Vision.
Business Model of C3.ai
C3.ai operates primarily on a subscription-based business model. The company’s value proposition lies in its ability to scale AI across businesses, deliver results faster, generate meaningful value, and govern AI with confidence. The company has established strategic relationships with technology leaders, including Amazon Web Services, Baker Hughes, ENGIE, Fidelity National Information Services, FIS, Google Cloud, Microsoft, and Raytheon.
C3.ai’s sales organization is organized both geographically and into vertical market segments that cooperate in selling to and servicing customers. The company has a highly leveraged go-to-market model comprised of a global field sales force combined with significant alliance partnerships to accelerate its entry into diverse global market segments.
In FY22, C3.ai generated $253 million, with subscription revenue accounting for 82% of the total revenue. The company’s professional services primarily include implementation services, training, and prioritized engineering services.
With its innovative solutions and strategic partnerships, C.ai is at the forefront of the AI revolution. The company’s unique blend of technology and business acumen has enabled it to deliver high-value, transformative solutions to organizations across the globe. As AI continues to evolve and permeate various sectors, C3.ai’s role as a leading enterprise AI application software provider is set to become increasingly significant.