#Do it again software full
#Do it again software software

Because when people think of IoT, they think about devices, and they think about hardware,вЂќ Siebel says.

вЂњI was spending the first 20 minutes of every customer presentation explaining that, well, we're really not an IoT company. Today, C3,ai claims to offer artificial intelligence tools for industrial applications, still helping to predict maintenance issues, detect fraud and analyze large amounts of sensor data, but this time infused throughout with AI capabilities.

#Do it again software full

This time, there was no press release C3 went back and changed the name in past announcements, leaving its full lineage (and the intentions they signaled) somewhat murky. Sometime between the companyвЂ™s appearances on the Forbes Cloud 100 lists in 20, Siebel renamed C3 again to C3.ai. вЂњI couldnвЂ™t let this thing diminish,вЂќ he told Forbes in a 2017 profile.

#Do it again software software

In 2016, Siebel renamed the business C3 IoT, declaring the company was more of an end-to-end software platform for building and managing IoT projects and infrastructure. C3 was originally billed as C3 Energy, leaning into the sector that provided its key customers for its cloud, data analytics and machine learning tools. Siebel - who famously suffered a devastating injury from an elephant just months after launching C3 - is known for his brash words and aggressive marketing. To date, the company is not profitable, registering a net loss of $69 million for that period, up from $33 million the year before. The enterprise software provider reported revenue of $157 million for its fiscal year which ended on April 30, up 71% year-to-year, according to the companyвЂ™s S-1 regulatory filing.

Siebel, a former Oracle veteran who sold his previous business, Siebel Systems, back to Oracle for nearly $6 billion nearly 15 years ago, founded C3.ai in 2009. Shares of C3 soared more than 140% in the companyвЂ™s initial minutes trading on Wednesday, implying a market cap, at least temporarily, approaching $10 billion. C3.ai priced at $42 on Tuesday night, selling 15.5 million shares and raising $651 million in new funding.