C3.AI in talks to merge with software company Automation Anywhere, The Information reports
C3.ai logo is seen in this illustration taken February 16, 2025. REUTERS/Dado Ruvic/Illustration
Jan 27 : Enterprise artificial intelligence software provider C3.AI is in talks to merge with software company Automation Anywhere, The Information reported on Tuesday, citing people familiar with the discussions.
If the deal materializes, Automation Anywhere would buy C3.AI and go public as a result, the report added.
Reuters could not immediately verify the report. C3.AI and Automation Anywhere did not immediately respond to a Reuters request for comment.
California-based C3 offers a platform that enables clients, including the U.S. Air Force, to develop and operate large-scale AI applications. Its AI tools are used across the U.S. government as well as in the energy and manufacturing sectors.
Automation Anywhere develops software to automate repetitive tasks. Private investors valued the company at $6.8 billion in 2019, according to The Information report.
Reuters reported exclusively late last year that C3.AI was exploring a potential sale, among other options, after its founder Thomas Siebel stepped down as CEO.
C3 AI's stock has fallen more than 59 per cent in the last one year amid worsening financial performance and uncertainty over its strategy and leadership.
