C3 AI and Koch Industries Expand Contract
June 07 2022 - 9:00AM
Business Wire
Five-year agreement enables further Enterprise
AI adoption for Koch Industries companies
C3 AI (NYSE: AI), the Enterprise AI software company, today
announced the renewal and expansion of its contract with Koch
Industries, one of the largest private companies in America. The
new agreement extends across Koch’s diverse group of companies,
building upon the existing relationship and enabling Koch to
further leverage C3 AI’s technology across a variety of
industries.
Under the new five-year agreement, Koch Industries will have the
opportunity to build more custom enterprise applications on the C3
AI Application Platform, as well as deploy C3 AI Applications,
including C3 AI Reliability, C3 AI Energy Management, C3 AI
Inventory Optimization, C3 AI Supply Network Risk, C3 AI Production
Scheduling Optimization, and C3 AI Sourcing Optimization. The
agreement also gives Koch analysts access to C3 AI Ex Machina, a
no-code solution that allows all of Koch’s companies to create
powerful AI decision-making tools and analytical models.
“We’ve enjoyed significant success utilizing C3 AI applications
within Koch Industries, and we are eager to build on this
progress,” said Jim Hannan, EVP and CEO, Koch Enterprises. “At
Koch, we are constantly looking to provide our employees with the
best systems and tools, enabling them to realize their own
potential while pushing the limits of AI and helping our business
deliver value to our customers. Adoption of the C3 AI platform
across Koch has the potential to create even greater value for our
employees, businesses and capabilities, our customers and
society.”
“Koch Industries is one of the most successful examples of how
C3 AI delivers rapid and substantial operating and financial
returns at enterprise scale,” said Thomas M. Siebel, CEO of C3 AI.
“Koch Industries is transforming its companies by utilizing
real-time, predictive AI from C3 AI. We are delighted to see the
success Koch is having with our platform and applications, and we
look forward to extending our capabilities across their entire
portfolio.”
On June 2, 2020, C3 AI announced that Koch Industries had
selected C3 AI as their Enterprise AI platform to enable and
accelerate digital transformation at enterprise scale.
About C3.ai, Inc.
C3 AI is the Enterprise AI application software company. C3 AI
delivers a family of fully integrated products including the C3 AI
Application Platform, an end-to-end platform for developing,
deploying, and operating enterprise AI applications, and C3 AI
Applications, a portfolio of industry-specific SaaS enterprise AI
applications that enable the digital transformation of
organizations globally.
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version on businesswire.com: https://www.businesswire.com/news/home/20220607005401/en/
C3 AI Public Relations Edelman Lisa Kennedy 415-914-8336
pr@c3.ai
Investor Relations ir@c3.ai
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