Enterprise artificial intelligence software providing company C3 ai received an award of a $500 million contract from the United States Department of Defense. C3 ai received a five-year Production-Other Transaction Agreement with the DoD.
The new contract will allow any agency of DoD to acquire C3 ai’s highly capable suite of enterprise software. This new development is a part of the department of defense’s efforts to further strengthen its capabilities to tackle new threats.
CEO of C3 ai, Thomas M. Siebel, said, “The new Agreement has a DoD-wide scope, accelerating research projects in simulation and modelling and production deployments for operations and sustainment.”
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He further added that they are thrilled to have been selected to be a part of this initiative of the department of defense, and the company looks forward to expanding their work in order to help the government of the United States of America.
The US government identified the use of artificial intelligence solutions could considerably help various departments to upscale their operations. The contract between DoD and C3 ai would help the department of defense to rapidly address additional use cases and scale AI applications across all branches.
C3 ai’s range of suite and defense artificial intelligence-powered solutions are already being used by RSO, F35 JPO, DISA, space command, the United States Air Force, and many other departments. The institutions and agencies used C3 ai’s solutions for various purposes like security clearance adjudication, readiness, modeling, simulation, and artificial intelligence predictive maintenance.
United States-based software developing firm C3 ai was founded by Ed Abbo, Patricia House, and Thomas Siebel in the year 2009. Till date, the company has raised total funding of $228.5 million over six funding rounds from investors like TPG Growth, Breyer Capital, Pat House, Sutter Hill Ventures, and many more.