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Submission declined on 15 July 2024 by Jamiebuba (talk).
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|  |
| Company type | Private |
|---|---|
| Industry | Software |
| Founded | 2017 |
| Founders | |
| Headquarters | Palo Alto, California, U.S. |
Key people | |
Number of employees | 3,000 (2024) |
| Website | www |
| Footnotes / references [1] | |
SymphonyAI is a private enterprise cloud SaaS company that produces predictive and generative AI applications for businesses.[2] Dr. Romesh Wadhwani, an Indian-American tech entrepreneur and co-founder of private equity firm Symphony Technology Group, founded SymphonyAI in 2017 and has invested up to $1 billion of his private fortune in the company.[3]
The company markets its portfolio of AI SaaS applications in six business units: Retail,[4] Industrial,[5] Financial Services,[6] Media,[7] and Enterprise IT or ITSM,[8] and Trading & Investing.[9] Its customers include Coca-Cola, Kraft Heinz, 3M, Siemens, Hearst, Toyota, and Metro Bank.[10]
Acquisitions
SymphonyAI has completed a number of acquisitions, including ReTech Labs, a provider of real-time store shelf image capture and recognition technology, and Proceedix, a connected frontline industrial worker platform, in 2021.[11][12] In 2022, SymphonyAI purchased BAE Systems' financial fraud detection software, NetReveal.[13] In 2023, the firm acquired the decision science and data management company 1010Data.[14]
Company Growth & Governance
The company achieved profitability and a run rate of $500 million in annual revenue in 2023.[15] The company's CEO is Sanjay Dhawan[16] and its board of directors includes private equity executive Blythe Masters and robotics engineer and computer scientist Daniela Rus.
Its competitors in the enterprise AI category include publicly traded firms C3 and Palantir Technologies.[17]
References
edit- ^ Fannin, Rebecca (8 December 2023). "How a 75-year-old Indian-American tech entrepreneur is betting $1 billion of his own fortune on AI's future". CNBC. CNBC. Retrieved 15 July 2024.
- ^ "How SymphonyAI's sanctions screening system looks to transform sanctions". FinTech Global. FinTech Global. 10 April 2024. Retrieved 15 July 2024.
- ^ Fannin, Rebecca. "How a 75-year-old Indian-American tech entrepreneur is betting $1 billion of his own fortune on AI's future". No. 8 December 2023. CNBC. Retrieved 15 July 2024.
- ^ Petrak, Lynn. "Q&A: How Artificial and Human Intelligence Can Address Grocery's Biggest Issues". No. 6/25/24. Progressive Grocer. Retrieved 15 July 2024.
- ^ "AI 1.0 Is Already Accelerating Industry 4.0's Innovation Pace". PYMNTS Magazine. 1 December 2024. Retrieved 15 July 2024.
- ^ Tan, Aaron (3 January 2024). "Fighting money laundering with AI". Computer Weekly. Retrieved 15 July 2024.
- ^ "SymphonyAI Announces Media and Entertainment AI Copilot for Content Monetization at NAB Show". BusinessWire. Retrieved 15 July 2024.
- ^ "Digitate Announces Strategic Alliance with SymphonyAI to Fuel Enterprise Automation at Scale". No. 13 December 2023. AIAuthority. Retrieved 15 July 2024.
- ^ Lyudvig, Anna. "ON THE MOVE: Clear Street Names Atul Pawar; Adam Quinones to SymphonyAI". No. 1 July 2024. Traders Magazine. Retrieved 15 July 2024.
- ^ "Predictive and Generative AI Leader SymphonyAI Announces Recognition of Kraft Heinz, METRO, and K-VA-T Food Stores As SymphonyAI Tempo Award Winners for Innovations in Retail". No. 28 November 2023. BusinessWire. BusinessWire. 28 November 2023. Retrieved 15 July 2024.
- ^ Fulle, Hugo. "Symphony Industrial AI's Acquisition of Proceedix Will Fast Track Remote Operations Strategies For Industrial Firms". Verdant. Retrieved 15 July 2024.
- ^ Zboraj, Marian (27 October 2021). "Symphony RetailAI's Acquisition Helps Grocers With Category Planning". Progressive Grocer. Retrieved 15 July 2024.
- ^ Clere, Alex (15 July 2022). "SymphonyAI buys fraud detection platform NetReveal from BAE". FInTech Magazine. Retrieved 15 July 2024.
- ^ "SymphonyAI Acquires Market Leader 1010data to Expand Enterprise AI Capabilities in Retail, CPG, and Financial Services". PR Newswire (Press release). PR Newswire.
- ^ Nolter, Chris (9 August 2023). "On the Hunt: SymphonyAI's M&A Algo". The Deal. Retrieved 15 July 2024.
- ^ "Corporate Leadership". SymphonyAI.com. Retrieved 15 July 2024.
- ^ Fannin, Rebecca (8 December 2023). "How a 75-year-old Indian-American tech entrepreneur is betting $1 billion of his own fortune on AI's future". CNBC. CNBC. Retrieved 15 July 2024.
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