C3.ai, Inc. (AI)

C3.ai, Inc. is an Enterprise AI application software company based in the United States, providing an integrated family of products including the C3 AI Platform, C3 AI Applications, C3 Generative AI, and C3 AI Ex Machina. The C3 AI Platform is an end-to-end, model-driven development and runtime environment enabling rapid design, deployment, and operation of large-scale Enterprise AI applications across public, private, hybrid, or on-premise infrastructures, reducing the complexity of traditional software engineering. C3 AI Applications comprise a portfolio of prebuilt, industry-specific SaaS solutions spanning reliability, supply chain, sustainability, defense and intelligence, state and local government, CRM, and financial services use cases, addressing needs such as predictive maintenance, fraud detection, ESG reporting, inventory optimization, and anti-money laundering.

The C3 Generative AI Product Suite leverages large language models and transformer-based technology to enable natural language search and retrieval across enterprise data sources, while C3 AI Ex Machina offers a no-code machine learning tool for business analysts. The company's go-to-market strategy has historically centered on establishing lighthouse customers among large global enterprises across sectors like oil and gas, aerospace, defense, utilities, manufacturing, and financial services, with plans to expand into high tech, telecommunications, retail, and precision medicine, as well as move down-market to smaller businesses. In fiscal 2023, C3 AI transitioned to a consumption-based pricing model tied to vCPU usage to adapt to macroeconomic conditions and accelerate customer adoption through pilots.

The company relies heavily on strategic alliances, including partnerships with Google Cloud, AWS, Microsoft Azure, Baker Hughes, Booz Allen, and Raytheon Intelligence & Space, to expand market reach and co-sell solutions; notably, its exclusive reseller agreement with Baker Hughes in oil and gas has been amended multiple times, with total revenue commitments reaching $495 million and an expanded partnership in January 2023 adding $32.5 million in incremental bookings. Revenue is generated primarily through software subscriptions—including term licenses, SaaS offerings, and consumption-based fees—supplemented by professional services such as implementation, training, and engineering support aimed at making customers self-sufficient in developing and deploying AI applications. As of June 15, 2023, the company had 112,113,226 shares of Class A common stock and 3,499,992 shares of Class B common stock outstanding, with a non-affiliate market value of approximately $886.7 million as of October 31, 2022.

Originally formed as a Delaware LLC in 2009 and converted to a Delaware corporation in 2012, C3 AI trades on the New York Stock Exchange and is not a shell company.