Filing: C3.ai plans to cut ~26% of its workforce; the company had ~1,200 employees as of April 2025; C3.ai shares drop 20%+ on weaker FY guidance
C3.ai Inc., a maker of data analysis software, is cutting about a quarter of its workforce after the appointment of a new chief executive officer.
Sources: C3.ai is in talks to merge with Automation Anywhere, which would go public in the deal; C3.ai's market cap is now ~$1.7B, a tenth of its 2020 valuation
C3.AI, founded by tech industry veteran Thomas Siebel, is in talks to merge with privately held startup Automation Anywhere …
C3.ai reports Q1 revenue up 21% YoY to $87.2M, vs. $86.9M est., and subscription revenue up 20% YoY to $73.5M, vs. $79.1M est.; its stock falls 16%+ after hours
Juby Babu / Reuters :
C3.ai drops 20%+ after its FY revenue outlook of 11%-20% growth to a $307.5M midpoint fell below estimates; AI jumped 258% in 2023 and 45% since Nvidia earnings
Brody Ford / Bloomberg :
Interviews with 30+ sources detail issues at Tom Siebel's AI startup C3.ai, causing product delays; the company is on its third name since its founding in 2009
The AI hype cycle has birthed innumerable boosters. An unlikely member of this group is Silicon Valley billionaire Tom Siebel.
AI services provider C3.ai closes up 120.2% on its first day of trading, valuing the company at ~$8.9B, after raising $651M in its IPO
Bloomberg :
Sources: C3.ai prices its IPO at $42 per share, above the marketed range of $36-$38, to raise $651M; company will have a market value of ~$4B
C3.ai Inc., the software maker founded by former Oracle Corp. executive Tom Siebel, has priced its initial public offering above the marketed range …
AI services company C3.ai files for IPO, reports revenue of $157M in the fiscal year ending April 2020, up 71% YoY, and a loss of $69M
showing annual revenue of $156.7 million and widening losses Tweets: Tiernan Ray / @tiernanraytech : Tom Siebel, whom I call the Bob Dylan of enterprise software, is going to use the coolest ticker sy...
Microsoft, Adobe, and C3.ai launch C3 AI CRM powered by Microsoft Dynamics 365, a new customer relationship management software to compete with Salesforce
Dina Bass / Bloomberg :
MIT, Princeton, Microsoft, and others form a consortium to launch the C3.ai Digital Transformation Institute to investigate big issues, like pandemics, using AI
William J. Broad / New York Times :