Overview
- The Information reported the companies are exploring a combination that could have Automation Anywhere acquire C3.ai and take the combined business public.
- C3.ai shares climbed about 16% in pre-market trading on Wednesday following the report after falling roughly 62% over the past year.
- Neither company has issued a public comment on the report, and coverage characterizes the discussions as early and subject to change.
- The proposed tie-up would pair C3.ai’s enterprise AI applications with Automation Anywhere’s robotic process automation and generative AI platform.
- Recent results highlight divergent momentum, with C3.ai posting fiscal Q2 revenue of $75.1 million and an adjusted loss, while Automation Anywhere reported AI bookings up 45% and maintained non-GAAP profitability.