C3.ai, machine learning startup backed by software pioneer Tom Siebel, files for IPO


Tom Siebel, an early employee of database giant Oracle, later a billionaire after selling his eponymous software firm to Oracle, says his new venture, C3, is bigger than either of those.  

C3.ai, the artificial intelligence services company founded by software pioneer Tom Siebel, Friday evening filed for an initial public offering of $100 million worth of its shares, led by investment banks Morgan Stanley, JP Morgan, and Bank of America.

C3 plans to list under the ticker “AI” on The New York Stock Exchange. The number of shares to be offered and the price range for the proposed offering have not yet been determined, C3 said.

Siebel, who was recruited to database giant Oracle in 1983, later founded the eponymous enterprise customer relationship management software firm in 1993. He sold that company to Oracle in 2006 for $5.85 billion, and went on to found C3 in 2009. 

C3 came out

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JumpCloud raises $75 million backed by BlackRock, General Atlantic

  • Work security platform JumpCloud just raised $75 million in a Series E funding round backed by the likes of BlackRock and General Atlantic. 
  • The Colorado-based firm supports thousands of businesses around the world – including big name clients like GoFundMe and Foursquare. 
  • Business Insider got an exclusive look at the pitch deck JumpCloud used to bring investors on board. 
  • Visit Business Insider’s homepage for more stories.

JumpCloud, the security management platform, just announced it has raised $75 million in a Series E fundraising round backed by BlackRock and General Atlantic. 

Based in Denver, Colorado, JumpCloud is used by more than 100,000 organizations across 100 countries, and enables new employees to on-board remotely and securely at scale, promising to minimize time and effort. Big-name clients include the likes of GoFundMe and Foursquare. 

William Abecassis, head of Innovation Capital at BlackRock, said: “JumpCloud is filling a critical need in the market as

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Google’s Gradient Ventures backed data startup Mine in $9.5M fundraise

  • AI startup Mine scans user emails to uncover which companies have their data – then lets them take it back at the click of a button.
  • Mine launches as internet users become increasingly aware that companies hold vast troves of data on them and, in Europe, that they can request that information to be deleted.
  • The $9.5 million Series A round was led by Google’s AI-focused Gradient Ventures, with participation from e.ventures, MassMutual Ventures, and existing investors Battery Ventures and Saban Ventures.
  • The firm gave Business Insider an exclusive look at the pitch deck it used to bring investors on board. 
  • Click here for more BI Prime stories. 

Mine, an Israeli privacy startup that aims to give users control of their personal data, recently raised $9.5 million in a Series A funding round backed by Google’s Gradient Ventures. 

Since 2014, EU data protection rules have allowed individuals to ask organizations

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iBASIS Releases Upgraded Anti-Fraud Platform Backed by Industry’s First SLA-based System to Protect Operators’ Traffic Streams

  • Operators and digital players reduce fraud burden by hundreds of millions of dollars collectively each year by leveraging iBASIS solution

  • Maximum anti-fraud impact leveraging scale and reach of iBASIS on behalf of both retail subscribers and wholesale traffic partners

  • Massive protection from IRSF, Wangiri, and PBX hacking and bypass with complete control over operator’s inbound retail traffic

  • Enhanced detection technologies including real-time blocking and in-depth monitoring capabilities guarantee service performance with committed SLAs

iBASIS, the leading provider of communications solutions for operators and digital players worldwide, today announced completion of its anti-fraud system upgrade – the first ever anti-fraud system to offer a guaranteed SLA protection option powered by next-generation anti-fraud intelligence for fraud detection, deterrence, and ROI for communications providers across the digital ecosystem.

Every year, telecommunications carriers lose billions of dollars to international voice fraud schemes such as IRSF, Bypass, and Wangiri. In less than 14 months, iBASIS

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