C3.ai explained

C3.ai, Inc.
Type:	Public
Traded As:	NASDAQ:
Founder:	Thomas Siebel
Location City:	Redwood City, California, U.S.
Key People:	Thomas Siebel (chairman and CEO)
Num Employees:	891 (2024)^[1]

C3.ai, Inc. (also C3 AI) is an American technology company specializing in enterprise artificial intelligence. Based in Redwood City, California, the company founded in 2009 by Thomas Siebel became a public company in 2020 and trades on the Nasdaq.

History

C3.ai was founded in 2009 by Thomas Siebel as "C3".^[2] Originally the "C" in the company's name was a reference to "carbon" and the "3" was a reference to "measure, mitigate and monetize" because the company's original goal was to help manage corporate carbon footprints.^[3] For some time in 2016 the company was named C3IoT and before that was briefly named C3 Energy.^{[4] [2]} The company went public in 2020.^[2] Following their IPO C3.ai faced market skepticism and criticism, including that Siebel liquidated shares worth hundreds of millions of dollars soon after the IPO.^[5]

Notes and References

1. Web site: FY 2024 Annual Report (Form 10-K) . June 17, 2024 . U.S. Securities and Exchange Commission.
2. Web site: Thomas Siebel . Forbes . Forbes . 10 April 2023.
3. Web site: C3.ai . openbusiness council . openbusiness council . 10 April 2023.
4. Web site: C3 IoT: Enabling Digital Industrial Transformation . Stanford Business Graduate School . 10 April 2023.
5. Web site: Khorram . Yasmin . Billionaire Tom Siebel faces tumult at C3.ai as investor lawsuit, short sellers question metrics . cnbc.com . CNBC . 22 February 2024.