Artificial Intelligence: An IPO, And An Acquisition files to go public. Snap acquires, the software company launched by former Oracle executive Tom Siebel, filed papers for an IPO sized $100 million. Siebel and PE giant TPG are the major shareholders in

The company intends to list on the New York Stock Exchange under the ticker symbol AI. (

Re-inventing CRM using AI was in the news last month after it joined hands with Microsoft Corp. (NASDAQ: MSFT), and Adobe Inc. (NASDAQ: ADBE) to launch C3 AI® CRM powered by Microsoft Dynamics 365.

The three companies are challenging (NYSE: CRM) with a product that integrates Microsoft Dynamics 365, Adobe Experience Cloud (including Adobe Experience Platform), and’s AI models.

“A general-purpose CRM system of record is no longer sufficient,” said Thomas M. Siebel, CEO of, at the time. “Customers today demand industry-specific, fully AI-enabled solutions that provide AI-enabled revenue forecasting, product forecasting, customer churn, next-best product, next-best offer, and predisposition to buy.”

Oracle (NYSE: ORCL) acquired Siebel-founded Siebel Systems in 2006 for $5.85 billion. Siebel then founded C3 in 2009.

The amount of $100 million indicated as the size of C3’s IPO is a placeholder and may change. The company has not decided on the number of shares to be offered and their price.

The company has so far raised over $200 million in financing. It achieved a valuation of $3.3 billion in the latest funding round.

Snap acquires Israeli IA startup

Meanwhile, Snap Inc (NYSE: SNAP) acquired Israeli voice assistant solutions startup for about $70 million, according to Globes. has developed technology that replaces human agents in company call centers. The “bot” trains by hearing recordings between call center employees and customers.

Snapchat launched a voice command function in June that allows users to request specific filters that can alter their appearance.

Related Story:  A Big Fundraise, And An Acquisition, In Cybersecurity

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