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

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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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Why Tom Siebel thinks Adobe, Microsoft, and C3.ai can beat Salesforce

  • Salesforce has long been the dominant name in customer relationship management software. But the CRM industry was actually invented in the 1990’s by billionaire Tom Siebel.
  • Now Siebel’s current company, a startup called C3.ai valued at $3.3 billion, has joined forces with Adobe, and Microsoft to take on Salesforce with industry-specific, AI-backed CRM.
  • Siebel tells Business Insider he’s confident he can win this market because Salesforce has “been talking about AI for about a decade,” he said. “It’s all marketing and very little technology.”  
  • Visit Business Insider’s homepage for more stories.

In 1993, Tom Siebel launched Siebel Systems. Soon after, in 1995, the company introduced Siebel Sales Enterprise, the world’s first customer management software — a tool that at-the-time helped salespeople keep track of interactions with current and potential clients. 

It was the start of what would become a growing $80 billion market called “customer relationship management” (CRM) — one

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Infinera Corporation (INFN) CEO Tom Fallon on Q3 2020 Results – Earnings Call Transcript

Infinera Corporation (NASDAQ:INFN) Q3 2020 Earnings Conference Call November 5, 2020 5:00 PM ET

Company Participants

Amitabh Passi – IR

Tom Fallon – CEO

David Heard – COO

Nancy Erba – CFO

Conference Call Participants

Alex Henderson – Needham

RK Raghunathan Kamesh – Goldman Sachs

John Marchetti – Stifel

Mauricio Roldan – Raymond James

Jim Suva – Group

Meta Marshall – Morgan Stanley

George Notter – Jefferies

Ryan Koontz – Rosenblatt Securities

Samik Chatterjee – JPMorgan

Jeff Kvaal – Wolfe Research

Fahad Najam – MKM

Operator

Greetings, and welcome to the Infinera Third Quarter Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded, Thursday, November 5, 2020.

I would now like to turn the conference over to Amitabh Passi, Head of IR. Please go ahead.

Amitabh Passi

Thank you, operator, and good afternoon. Welcome to Infinera’s Third Quarter Fiscal 2020 Conference Call. My name is Amitabh

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