• Jun 26, 2017

EY Honors Thomas M. Siebel as 2017 Entrepreneur of the Year


Redwood City, Calif. – June 26, 2017 – EY recognized Thomas M. Siebel, C3.ai Chairman and CEO, with the Entrepreneur Of The Year® 2017 Award in Northern California, one of the country’s most competitive high-growth business awards programs, at a gala event on June 23 at The Fairmont in San Jose, CA. The prestigious award celebrates Siebel’s performance as a prominent business leader renowned for his vision and achievement building and leading C3.ai as a successful, growing, and dynamic company.

“It is a great honor to accept this award on behalf of the many talented women and men with whom I have the privilege to work with every day at C3.ai,” Siebel said in his acceptance speech.

This is the second time Siebel has been honored as Entrepreneur of the Year. As Chairman and CEO of Siebel Systems, he was recognized as Ernst & Young’s 2003 “Master Entrepreneur” for founding and managing one of the most successful software companies in history and pioneering the customer relationship management (CRM) market. Between 1999 and 2003, Siebel received several accolades as the leader of one of the fastest growing and most influential companies from BusinessWeek, Deloitte & Touche, Fortune, Harvard Business School, Investor’s Business Daily, and other pundits. In 2016, Siebel received the Most Admired CEO Lifetime Achievement Award from the San Francisco Business Times.

As C3.ai CEO, Siebel is once again navigating a market leadership position in one of the fastest growing software markets in the history of information technology – the market for AI and IoT applications is estimated to reach $250 billion by 2025, driven by CEO-led mandates for digital transformation initiatives.

C3.ai serves this growing demand by enabling large industrial and commercial organizations to build and deploy next-generation software applications that exploit big data, predictive analytics, AI, machine learning, and IoT across the enterprise for productivity improvements, new business creation, and competitive differentiation. Under Siebel’s leadership, C3.ai has built the industry’s only comprehensive platform as a service (PaaS) for AI and IoT applications – with 14 patents pending globally – that is proven at enterprise scale with large-scale deployments worldwide.

For example, C3.ai has delivered significant customer projects for financial services consumer spend prediction, discrete manufacturing dynamic inventory optimization and supply network risk, healthcare chronic disease prediction, oil and gas predictive maintenance, renewable and thermal power generation and optimization, and data lakes.

C3.ai results for fiscal year 2017, ended March 31, 2017, included 600% year-over-year bookings growth, 65% revenue growth year over year, and cash-positive operations.

“EY has been at the forefront of identifying game-changing business leaders and celebrating American ingenuity for the last 30 years,” said Greg Hopper, West Region Director, EY. “Tom Siebel’s legacy as an enterprise software innovator and pioneer, coupled with his focus on establishing and maintaining a leadership position in emerging markets, illustrate why Siebel is this year’s Entrepreneur of the Year.”

About Entrepreneur of the Year®
EY’s Entrepreneur Of The Year® is one of the world’s most prestigious business awards programs for entrepreneurs, chosen from an independent panel of judges including entrepreneurs and prominent leaders from business, finance, and the local community. The program makes a difference through the way it encourages entrepreneurial activity among those with potential and recognizes the contribution of people who inspire others with their vision, leadership and achievement. Entrepreneur Of The Year celebrates those who are building and leading successful, growing and dynamic businesses, recognizing them through regional, national and global awards programs in more than 145 cities in more than 60 countries. ey.com/eoy
About EY
EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities. EY refers to the global organization, and may refer to one or more of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about our organization, please visit ey.com.
About C3.ai
C3.ai is a computer software company. C3.ai delivers a comprehensive platform as a service (PaaS) for rapidly developing and operating big data, predictive analytics, machine learning, and IoT software as a service (SaaS) applications. C3.ai also offers a family of configurable and extensible SaaS products developed with and operating on its PaaS. The C3 Type System, a data object-centric abstraction layer that binds all C3 Platform components, enables programmers and data scientists to develop and deploy production big data, predictive analytics, and IoT applications in one-tenth the time at one-tenth the cost of alternative technologies.

C3.ai Contact:
Kim Dion
Corporate Public Relations
(650) 503-2200