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C3.ai, Inc. develops enterprise artificial intelligence application software for organizations deploying AI across large data environments. Company news centers on the C3 Agentic AI Platform, C3 AI Applications, C3 Generative AI, and C3 Code, along with SaaS revenue trends, product availability, and customer deployments in government, defense, energy, manufacturing, life sciences, and other enterprise markets.
Recurring updates also cover strategic integrator relationships, public-sector authorizations such as FedRAMP, AI logistics and field-service applications, customer agreements, quarterly results, and investor conference participation. These developments reflect the company’s focus on governed, domain-specific AI applications built for enterprise and government use cases.
C3 AI (NYSE:AI) announced the integration of Cenosco into the Open AI Energy Initiative (OAI), enhancing its asset integrity software capabilities for sectors like chemicals and oil. Cenosco's Integrity Management Solution (IMS) will be available through OAI, enabling comprehensive AI-driven integrity solutions. This collaboration, initiated in February 2021, aims to deliver advanced AI applications for energy operations. Cenosco's IMS is currently deployed across 120 assets in over 50 countries, providing critical support for operations.
C3 AI (NYSE:AI) received a continuous Authority to Operate (ATO) from the United States Air Force for its Condition Based Maintenance Plus (CBM+) program, marking a significant milestone. This ATO allows the program to process data at impact level 5 in a National Security System, enhancing fleet maintenance and aircraft availability. The C3 AI Suite enables predictive analytics, which will optimize decision-making and operational readiness across over 22 aircraft platforms. This certification reflects C3 AI's commitment to security and accelerates its ability to support future government contracts.
C3 AI announced that its C3 AI Suite has achieved FedRAMP Ready status, expediting government authorization processes. This status underlines the suite's compliance with stringent security requirements, facilitating its deployment by government agencies. With AI becoming increasingly vital for federal operations, this designation promises enhanced security for users while transitioning from outdated IT systems to modern, cloud-based solutions. C3 AI's collaboration with Project Hosts further strengthens its position in the federal sector amidst evolving cyber threats.
C3 AI (NYSE: AI) announced that Con Edison’s collaboration with them received recognition at the inaugural IDC Future Enterprise Best in Future of Intelligence North America Awards. This partnership focused on deploying AI applications to decrease energy generation, operating costs, and CO2 emissions. Con Edison integrated data from 27 enterprise systems, generating 800 billion new rows of data annually, leading to an estimated operational benefit of $48.4 million per year. The awards celebrate organizations enhancing business outcomes through enterprise intelligence.
C3 AI (NYSE: AI) announced a major expansion of its predictive maintenance program in collaboration with Shell, monitoring over 10,000 equipment pieces globally. This deployment enables early identification of equipment failures, reducing unplanned downtime and improving safety. The predictive maintenance system processes 20 billion data rows weekly and employs nearly 11,000 machine learning models. Shell aims to further enhance this program and explore new applications using C3 AI technology. This partnership underscores C3 AI's commitment to advancing AI solutions in the energy sector.
C3 AI (NYSE: AI) and LyondellBasell (NYSE: LYB) have expanded their strategic partnership for an additional five years to enhance the deployment of AI applications on the C3 AI Suite. Since their collaboration began in 2020, they have focused on optimizing asset management, supply chains, and plant reliability. C3 AI aims to revolutionize LyondellBasell's operations, boosting shareholder value and advancing competitiveness in the chemicals sector. This partnership underscores the commitment to enterprise digital transformation.
C3 AI (NYSE: AI) has announced the opening of a new software development center in Guadalajara, Mexico, set to launch on March 4. The center aims to boost the development of AI applications across various industries, including finance and healthcare, and will hire up to 1,000 software developers. According to IDC, the AI market is projected to grow from $342 billion in 2021 to $500 billion by 2024. CEO Thomas M. Siebel emphasized Guadalajara's tech talent pool as a key factor in the decision to expand operations in the region.
C3.ai reported a 42% year-over-year revenue growth to $69.8 million for Q3 FY 2022. The increase is attributed to enhanced sales momentum and the expansion of its customer base. Subscription revenue grew by 34% to $57.1 million. The company raised its FY 2022 revenue guidance to $252 million, a 38% increase over the previous year. C3.ai also saw significant growth in remaining performance obligations, reflecting 90% growth to $469.3 million. Despite a net loss per share of $(0.38), C3.ai is optimistic about its market position and future prospects.
C3.ai, Inc. (NYSE: AI), a leading Enterprise AI software company, announced management's upcoming presentations at two key conferences. The presentations are set for the JMP Securities Technology Conference on March 7, 2022, at 3:00 PM PT, and the Morgan Stanley Technology, Media & Telecom Conference on March 10, 2022, at 2:25 PM PT. Live webcasts will be available on ir.c3.ai, with replays accessible for 90 days. C3.ai offers a comprehensive suite of enterprise AI solutions aimed at digital transformation.
C3 AI (NYSE: AI) will announce its financial results for Q3 FY 2022 on March 2, 2022, after U.S. market close. The results cover the period ending January 31, 2022. A conference call will take place at 2:00 PM PT / 5:00 PM ET on the same day. Investors can join via the C3 AI Investor Relations website or by dialing in. An audio replay will be available for 30 days following the conference call.
As an Enterprise AI application software company, C3 AI offers integrated products, including the C3 AI Suite and industry-specific SaaS applications to support digital transformation.