Private Equity

Tom Siebel's Ipo Filing Shows Rising Revenues, Mounting Losses

by posted 7months ago 46 views
Summary List Placement, the AI startup founded and led by billionaire Tom Siebel, filed the paperwork for a potential IPO on Friday — a listing that would make it one of the relative few public companies in the space. Siebel himself is best-known as the founder of Siebel Systems, a one-time titan in the customer relationship management (CRM) space that was purchased by Oracle for $5.8 billion in 2005. The company's filing with the Securities and Exchange Commission shows that it posted revenues of $156 million for the fiscal year that ended in April, growing 71% over the year prior.

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