C3.ai Raises $125M in Series Unknown
C3.ai has successfully raised $125M in a Series Unknown at a $3B valuation led by TPG Capital, Breyer Capital, Sutter Hill Ventures.
Company Overview
C3.ai is a AI/ML company headquartered in 1300 Seaport Boulevard, Redwood City, CA 94063, founded in 2009 with 900+ employees.
Enterprise AI software
Fundraising Details
- Amount Raised: $125M
- Round Type: Series Unknown
- Valuation: $3B
- Date: 2024-11-16
- Investors: TPG Capital, Breyer Capital, Sutter Hill Ventures
About C3.ai
Enterprise AI software The company is positioned in the AI/ML sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: 1300 Seaport Boulevard, Redwood City, CA 94063
- Founded: 2009
- Team Size: 900+
- Industry: AI/ML
What This Means
This funding round demonstrates strong investor confidence in C3.ai's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The AI/ML sector continues to attract significant investment as companies innovate to meet evolving market demands. C3.ai's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $3B valuation marks an important milestone for C3.ai, positioning the company among notable players in the AI/ML industry.
Looking Ahead
With this new capital, C3.ai is well-positioned to execute on its growth strategy and continue building innovative solutions in the AI/ML space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
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This fundraising news was reported on 2024-11-16. For more information about C3.ai, visit their headquarters at 1300 Seaport Boulevard, Redwood City, CA 94063.
