REDWOOD CITY, Calif.--(BUSINESS WIRE)--C3 IoT, the platform as a service leader for rapidly developing and operating AI and IoT software applications, has been ranked No. 19 on the annual Forbes 2017 Cloud 100 list, the definitive list of the top 100 private cloud companies in the world. The highest ranked newcomer to the 2017 Cloud 100, C3 IoT is also featured in an in-depth profile in Forbes, “Siebel’s Second Act: Why C3 IoT Could Be The Billionaire’s Biggest Score.”
Published by Forbes in collaboration with Bessemer Venture Partners, the Forbes Cloud 100 honors the businesses that are creating value in the trillion-dollar software industry. The rigorous evaluation process ultimately ranked the winning companies based on estimated valuation, operating metrics, people and culture, and market leadership.
Such high placement on the Forbes Cloud 100 list acknowledges C3 IoT’s unique ability to address one of the fastest growing software markets in the history of information technology – the market for AI and IoT applications, estimated to reach $250 billion by 2025.
Why C3 IoT
CEO-led mandates for digital transformation initiatives are driving the large and growing market opportunity for a new generation of enterprise software that leverages big data, AI, and IoT at industrial scale. C3 IoT serves this growing demand by enabling large industrial and commercial organizations to rapidly build and deploy next-generation software applications that leverage AI and IoT across the enterprise to address 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 – with 14 patents pending globally – that is proven at industrial scale with enterprise deployments across industries including manufacturing, healthcare, aerospace, financial services, oil and gas, energy, and more.
For example, C3 IoT has delivered significant customer projects for discrete manufacturing dynamic inventory optimization and supply network risk, healthcare chronic disease prediction, financial services consumer spend prediction, oil and gas predictive maintenance, renewable and thermal power generation and optimization, and enterprise data lakes.
Time to market in deploying end-to-end AI and IoT applications is critical, and C3 IoT’s patent-pending technology enables customers to develop and deploy solutions in one-tenth the time at one-tenth the cost of alternative technologies.
C3 IoT results for fiscal year 2017, ended March 31, 2017, included 600% year-over-year bookings growth, 65% revenue growth year over year, and cash-positive operations.
“Forbes has a keen eye for businesses and, coupled with Bessemer Venture Partners and Salesforce Ventures’ deep knowledge of the cloud industry, our Cloud 100 list showcases the standout private cloud companies to watch,” said Forbes editor of the Cloud 100 list Alex Konrad. “We are pleased to welcome C3 IoT as the highest ranked newcomer to the Cloud 100 community, while also recognizing C3 IoT’s powerful combination of vision and execution under the leadership of tech industry icon Tom Siebel.”
“C3 IoT is clearly one of the most significant companies leading the cloud technology revolution,” said Byron Deeter, a top cloud investor and partner at Bessemer Venture Partners. “In honoring C3 IoT as the top-performing new entrant to the Forbes 2017 Cloud 100 list, we’re not just acknowledging the fast growth of C3 IoT – we also celebrate the tenacity, vision, and repeated achievements of Tom Siebel as a business leader.”
“The business opportunity for cloud computing is tremendous as the spend on cloud computing and the rate of adoption continues to grow. We’re thrilled to highlight C3 IoT as one of the top-tier private companies in the field of cloud computing, and see where they take their business and how they contribute to the global economy,” said John Somorjai, EVP, Salesforce Ventures and Corporate Development.
The Forbes 2017 Cloud 100 is published online at www.forbes.com/cloud100 and will appear in the July 27, 2017 issue of Forbes magazine.
About C3 IoT
C3 IoT provides a full-stack AI and IoT development platform (PaaS) that enables the rapid design, development, and deployment of even the largest-scale big data / IoT applications that leverage IoT, elastic cloud computing, analytics, and AI to apply the power of predictive analytics 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. More information is at http://C3IoT.com.