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  • Wednesday, April 24, 2024

C3 AI Secures $500M Other Transaction Agreement With DOD; Thomas Siebel Quoted

Software provider C3 AI (NYSE: AI) has closed on a $500 million production-other transaction agreement to give Department of Defense components access to a suite of enterprise artificial intelligence products and services.

The OTA is designed to provide a means for DOD organizations to procure company-made technology for modeling and simulation work, C3 AI said Thursday.

Current government applications of the company’s technology include security clearance adjudication, predictive maintenance and data fusion.

Thomas Siebel, CEO of C3 AI, noted the departmentwide agreement supports research projects and production deployments.

“We are thrilled to have been selected for these important initiatives and look forward to expanding our work and finding new ways to better serve the U.S. federal government,” Siebel added.

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