Redwood City, Calif. – July 30, 2018 – C3.ai, the leading AI and IoT software platform for digital transformation, today announced it has been named to the ninth annual JMP Securities "Hot 100," a ranking of the best privately-held software companies. Led by noted industry analyst and technology equity research managing director Pat Walravens, the report is compiled annually based on criteria such as financial growth, products and services, quality of leadership team, and market potential.
“This selection is recognition of the accomplishments of the entire C3.ai team in creating economic value for our customers and solving problems that have never been solved before,” said Thomas M. Siebel, CEO, C3.ai. “C3.ai has built a world-class management team to achieve a global leadership position in the software market for AI and IoT applications, estimated to exceed $250 billion by 2025.”
The 2018 “Hot 100” report also focuses on the ethics of AI and machine learning in enterprise software. According to the report, the five AI and machine learning design principles include privacy, honesty, fairness, safety, and producing explainable results. The report states: “We think CEOs can help drive ethical design practices in this area by sharing five principles with their product development and engineering teams.”
The C3 Platform enables global organizations to build applications that increase operational transparency and safety while providing valuable insights to users, customers, and consumers. Over the past year, C3.ai has worked with customers to deploy transformative AI applications that demonstrate tremendous social benefit and economic value, such as chronic disease prediction, detection of fraud and money laundering, predictive maintenance, dynamic inventory optimization, and yield optimization.