icon_announcments-01
  • Mar 2, 2017

C3 IoT Closes New Financing at a $1.4 Billion Valuation

Newsroom_background_datainvest

Redwood City, Calif. – Nov. 15, 2017 — C3 IoT, the leading AI and IoT software platform provider for digital transformation, has expanded business operations to the Asia Pacific (APAC) region with a new regional headquarters in Sydney, Australia.

C3 IoT is actively recruiting top talent throughout Australia and APAC – in data science, AI/machine learning, enterprise software, and related fields – to enable large industrial and commercial organizations to leverage AI at enterprise scale for productivity improvements, new business creation, and competitive differentiation.

C3 IoT has built the industry’s only comprehensive platform as a service (PaaS) for AI and IoT applications that is proven at industrial scale with enterprise deployments across industries, including retail, oil and gas, banking, mining, manufacturing, travel and transportation, and the public sector. The C3 IoT Platform aggregates and keeps current enormous volumes of disparate data from real-time and legacy data sources in a unified cloud-based data image, and employs machine learning in near-real time to improve operational efficiencies, enhance customer engagement, and differentiate products and services.

Australia’s leading integrated energy company, Origin Energy (ASX: ORG), is already using the C3 IoT Platform for the digital transformation of its Integrated Gas business.

“The Asia Pacific region includes many leading organizations that are seeking technology innovations to re-imagine processes, products, and services while harnessing the power of artificial intelligence,” said Ed Abbo, C3 IoT President and CTO. “Early interest expressed by business leaders at Gartner ITxpo demonstrates the market in Australia is ready for a sophisticated AI-based solution, such as the C3 IoT Platform, to help enterprises create value from their data. From our new regional HQ in Sydney, C3 IoT is building on our foundation of success to continue enabling digital transformations across regionally important industries like retail, oil and gas, mining, banking, and telecommunications.”

C3 IoT customers worldwide include Engie, Enel, Con Edison, and the U.S. Air Force, as well as large organizations in the discrete manufacturing, oil and gas, aerospace, healthcare, financial services, and travel and transportation industries.

C3 IoT was recently named No. 19 and the highest ranked new entrant on the annual Forbes 2017 Global Cloud 100, the definitive list of the top 100 private cloud companies in the world. Additionally, C3 IoT is a Glassdoor 2017 Best Place to Work.

Applicants interested in joining the C3 IoT team should visit /iot-jobs.

AI and IoT Platform Proven at Enterprise Scale

The C3 IoT Platform is a cohesive development environment for enterprise-scale big data, predictive analytics, AI, and IoT applications. The platform enables the integration and analysis of unprecedented volumes of disparate data—including telemetry from industrial and commercial devices, enterprise operational systems, and extraprise data such as weather, traffic, and social media—into a unified cloud-based data image, and employs machine learning at scale, in near-real time, to deliver predictive insights that improve operational efficiencies, enhance customer engagement, and differentiate products and services.

A recent independent assessment of C3 IoT by Constellation Research Principal Analyst Holger Mueller concludes, “The remarkable finding is that C3 IoT has native capabilities that are on par, if not often ahead of, traditional products in individual categories of use. Combining all capabilities in a single platform makes C3 IoT a unique, powerful platform for building nextgen applications in the enterprise.”

C3 IoT also provides pre-built SaaS applications, including predictive maintenance, fraud detection, energy management, and sensor network health, for organizations in manufacturing, oil and gas, healthcare, financial services, aerospace, transportation, telecommunications, and the public sector. Enterprise customers and system integrators also use the C3 IoT Platform as a service (PaaS) to rapidly build and deploy custom applications.

Supporting Quotes

“AI may be the most revolutionary and interesting investment theme in the next decade. C3 IoT is well positioned to become a leader in the large and rapidly growing enterprise AI, big data software market, and we look forward to being part of this success story.”

— Jim Breyer, Founder and CEO, Breyer Capital

“In the short time that we have been working with C3 IoT, it has become clear to us that the company has both a tremendous market opportunity and formidable execution capabilities. We look forward to continuing to partner with Tom and his team.”

— Nehal Raj, Partner, TPG

“I have worked with Tom Siebel for four decades. He has a unique history of building category-defining software platforms and market-leading software companies. With C3 IoT, Tom is clearly doing it again.”

— Pat House, Co-founder, Siebel Systems

“I spent a large part of my career working with and for Tom Siebel. Tom builds companies that grow rapidly, that establish new markets, that generate cash, and that establish value for customers and stakeholders. I have tracked the progress of C3 IoT since its inception. We believe C3 IoT will be a leader in IoT, AI, and predictive analytics at global scale.”

— Bruce Cleveland, Managing Director, Wildcat Venture Partners

“The funds will be used to expand C3 IoT’s distribution capacity, further develop our partner ecosystem, and enhance and expand customer service capacity.”

— Ed Abbo, President and CTO, C3 IoT

About C3 IoT

C3 IoT provides a next-generation enterprise platform (PaaS) for the rapid design, development, and deployment of large-scale big data, AI, and IoT applications. By leveraging telemetry, elastic cloud computing, analytics, and machine learning, C3 IoT brings the power of predictive insights to any business value chain. C3 IoT also provides a family of turn-key SaaS IoT applications including predictive maintenance, fraud detection, sensor network health, supply chain optimization, investment planning, and customer engagement.

C3 IoT Contact:
Kim Dion
Corporate Public Relations
(650) 503-2200
PR@C3IoT.com