Tech Company Inital Public Offerings
C3.ai IPO
Operating out of Redwood City, C3.ai is now a public company.
Transaction Overview
Company Name
Announced On
12/8/2020
Transaction Type
IPO
Amount
$651,000,000
Proceeds Purpose
The principal purposes of this offering and the concurrent private placements are to increase our capitalization and financial flexibility and create a public market for our Class A common stock. We currently intend to use the net proceeds we receive from this offering and the concurrent private placements for general corporate purposes, including working capital, operating expenses and capital expenditures. We cannot specify with certainty all of the particular uses for the remaining net proceeds to us from this offering.
Company Information
Company Status
Publicly-held
Industry
Enterprise IT
Mailing Address
1300 Seaport Blvd. 500
Redwood City, CA 94063
USA
Redwood City, CA 94063
USA
Phone
Website
Email Address
Not Recorded
Overview
C3.ai (NYSE: AI) is a leading enterprise AI software provider for accelerating digital transformation. The proven C3 AI Suite provides comprehensive services to build enterprise-scale AI applications more efficiently and cost-effectively than alternative approaches.
Management Team
Title
Name
Email & Social
Browse more venture capital transactions:
Prev: 12/8/2020: Tabby venture capital transaction
Next: 12/8/2020: BioAge Labs venture capital transaction
Share this article
About Our VC Transactions Data
We do our best to record every notable VC transaction. VC investment data records on this site are derived from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs