Artificial intelligence software provider C3 AI is weighing a potential sale following the departure of its founder and CEO, Thomas Siebel, earlier this year due to health concerns, according to Reuters. The company is also exploring alternatives, including private fundraising, as it navigates a period of leadership and strategic transition.
Stephen Ehikian, a Salesforce veteran, took over as acting CEO on Sept. 1, assuming the reins at the Redwood City, California-based enterprise AI firm. C3 AI, valued at approximately $2.15 billion, provides a platform for developing and operating large-scale artificial intelligence applications, serving clients across U.S. government agencies, energy, and manufacturing sectors.
SCG Explores Sale at $1.07 Billion Valuation
Meanwhile, British telecommunications and cloud services provider SCG is reportedly considering a sale that could value the company at $1.07 billion. Early-stage discussions indicate the company is working with investment bank Houlihan Lokey to gauge interest from potential buyers. Founded in 1965, SCG offers fixed-line data, mobile, and cloud-based unified communications solutions to small and medium-sized businesses in the U.K.
