McKinsey & Company inks strategic alliance with C3 AI

McKinsey & Company, a New York-headquartered management consulting firm, has signed a strategic alliance with C3 AI, a Silicon Valley-based enterprise artificial intelligence software company.
The global alliance will combine McKinsey’s AI practice, QuantumBlack, and its expertise in deploying and scaling AI solutions across industries, with C3 AI’s enterprise software to help clients improve operations and unlock new opportunities.
Founded in 2009, C3 AI provides pre-built, industry-specific AI applications that can be rapidly deployed and customized. Aside from industry specific solutions, C3 AI also has software suites for CRM, supply chain, asset performance, and sustainability.
C3 AI became a public company in 2020. The firm has approximately 900 employees and annual revenue of $311 million. Its notable clients include Shell, Philips, Raytheon, Duke Energy, and the US Army.
“The future of every industry will be shaped by AI. This alliance ensures our clients are not just participants, but leaders in that future,” said Bob Sternfels, managing partner of McKinsey & Company.
The alliance will initially focus on turnkey solutions for energy, manufacturing, and financial services clients. These include AI solutions to help increase production, optimize supply chains, and manage risks.
“In close collaboration with McKinsey & Company and its AI arm, QuantumBlack, and C3 AI, customers are assured of success in their Enterprise AI deployments,” said Thomas Siebel, chairman and CEO of C3 AI.