Submission declined on 27 January 2025 by Bonadea (talk).
Where to get help
How to improve a draft
You can also browse Wikipedia:Featured articles and Wikipedia:Good articles to find examples of Wikipedia's best writing on topics similar to your proposed article. Improving your odds of a speedy review To improve your odds of a faster review, tag your draft with relevant WikiProject tags using the button below. This will let reviewers know a new draft has been submitted in their area of interest. For instance, if you wrote about a female astronomer, you would want to add the Biography, Astronomy, and Women scientists tags. Editor resources
|
- Comment: Nothing in the draft indicates that it is more than a run-of-the-mill company. bonadea contributions talk 15:53, 27 January 2025 (UTC)
| Company type | Private |
|---|---|
| Industry | Software |
| Founded | 2017; 8 years ago |
| Founder | Romesh Wadhwani |
| Headquarters | Palo Alto, California, U.S. |
Key people | Romesh Wadhwani (chairman), Sanjay Dhawan (CEO) |
Number of employees | 3000 (2024) |
| Website | symphonyai.com |
| Footnotes / references | |
SymphonyAI is a private enterprise cloud SaaS company that produces predictive and generative AI applications for businesses. Headquartered in Palo Alto, California, the company was founded by Dr. Romesh Wadhwani in 2017.
The company markets its portfolio of AI SaaS applications in six business units: Retail-CPG, Industrial, Financial Services, Media, Enterprise IT, and Trading and Investing. Its customers include Kraft Heinz, K-VA-T Food Stores, METRO, Bank of Bahrain and Kuwait. Nippon Gases, and Toronto Pearson International Airport.
History
Dr. Romesh Wadhwani, an Indian-American tech entrepreneur and co-founder of private equity firm Symphony Technology Group, founded SymphonyAI in 2017 and has committed up to $1 billion of his private fortune in the company.
SymphonyAI was initially a holding company for multiple smaller companies across different industries and is now a unified AI software operating company servicing businesses in the industries listed above, using a common AI platform called Eureka AI.
Recent acquisitions
SymphonyAI has completed a number of acquisitions. In 2022, SymphonyAI purchased BAE Systems' financial fraud detection software, NetReveal. In 2023, the firm acquired the decision science and data management company 1010Data.
Earlier acquisitions included ReTech Labs, a provider of real-time store shelf image capture and recognition technology, Savigent Software, a workflow orchestration platform company, and Proceedix, a connected frontline industrial worker platform, in 2021. In 2019, SymphonyAI acquired Media Audits International and Azima, which was then sold to Fluke Reliability in 2023. Ayasdi, a data analysis company, was acquired in 2019.
Partnerships
SymphonyAI and Ernst and Young formed a strategic partnership in 2023 to help other organizations with their generative AI needs in the retail and financial services sectors. In 2023 SymphonyAI partnered with Oracle Corporation too, providing AI-enabled merchandising and supply chain solutions for retail customers. SymphonyAI was named Microsoft’s 2024 Partner of the Year for Business Transformation.
Company Growth & Governance
In 2021 the company’s annual revenues reached $220 million. In 2023 it achieved an annual revenue run rate of $500 million. The company's CEO is Sanjay Dhawan, and its board of directors includes private equity executive Blythe Masters, robotics engineer and computer scientist Daniela Rus and retired executive vice president at Walmart Todd Harbaugh.
Its competitors in the enterprise AI category include publicly traded firms C3 and Palantir Technologies.
Accolades
SymphonyAI was named to the 2024 Inc. 5000 list of the fastest-growing U.S.-based privately held companies and the FinTech Global AIFinTech 100. SymphonyAI received the 2023 Frost & Sullivan Technology Innovation Leadership Award for its global industrial AI technology.
References
- ^ a b c d e Fannin, Rebecca (2023-12-08). "How a 75-year-old Indian-American tech entrepreneur is betting $1 billion of his own fortune on AI's future". CNBC. Retrieved 2025-01-26.
- ^ dwillis (2024-04-10). "How SymphonyAI's sanctions screening system looks to transform sanctions". FinTech Global. Retrieved 2025-01-26.
- ^ "Q&A: How Artificial and Human Intelligence Can Address Grocery's Biggest Issues". Progressive Grocer. 2024-06-25. Retrieved 2025-01-26.
- ^ PYMNTS (2023-12-01). "AI 1.0 Is Already Accelerating Industry 4.0's Innovation Pace". PYMNTS.com. Retrieved 2025-01-26.
- ^ "Fighting money laundering with AI | Computer Weekly". ComputerWeekly.com. Retrieved 2025-01-26.
- ^ Armstrong, Sarah. "SymphonyAI Announces Media and Entertainment AI Copilot for Content Monetization at NAB Show". Business Wire.
- ^ "Digitate Announces Strategic Alliance with SymphonyAI to Fuel Enterprise Automation at Scale". AiThority. 2023-12-13. Retrieved 2025-01-26.
- ^ Lyudvig, Anna (2024-07-01). "ON THE MOVE: Clear Street Names Atul Pawar; Adam Quinones to SymphonyAI". Traders Magazine. Retrieved 2025-01-26.
- ^ "K-VA-T Food Stores Receives SymphonyAI Tempo Award for Retail Innovation". Progressive Grocer. 2023-11-29. Retrieved 2025-01-26.
- ^ Bhowmik, Satarupa (2024-12-04). "Bank of Bahrain and Kuwait implements SymphonyAI AML tech". Retail Banker International. Retrieved 2025-01-26.
- ^ gasworld (2023-03-15). "Nippon Gases expands use of AI maintenance solutions across Europe". gasworld. Retrieved 2025-01-26.
- ^ Victor, Nancy (2019-06-12). "Canada's Pearson Airport deploys Symphony SummitAI's ITSM suite". Airport Technology. Retrieved 2025-01-26.
- ^ Burt, Jeffrey (2024-02-13). "You Can Build GenAI From Scratch, Or Go Straight To SaaS". The Next Platform. Retrieved 2025-01-26.
- ^ Christopher, Elena (2022-08-17). "SymphonyAI acquires NetReveal to try and fight financial crime differently". HFS Research. Retrieved 2025-01-26.
- ^ "Daily Research News Online no. 35158 - SymphonyAI Buys Business Intel Firm 1010data". www.mrweb.com. Retrieved 2025-01-26.
- ^ "Symphony RetailAI's Acquisition Helps Grocers With Category Planning". Progressive Grocer. 2021-10-27. Retrieved 2025-01-26.
- ^ "SymphonyAI Acquires Savigent Software | Mergr M&A Deal Summary". mergr.com. Retrieved 2025-01-26.
- ^ "Symphony Industrial AI's Acquisition of Proceedix Will Fast Track Remote Operations Strategies For Industrial Firms". Default. Retrieved 2025-01-26.
- ^ "Symphony MediaAI | Top OTT Solution Company-2021". Media and Entertainment Tech Outlook. Retrieved 2025-01-26.
- ^ Greenfield, David (2023-10-10). "Industrial Maintenance Analytics as a Service". Automation World. Retrieved 2025-01-26.
- ^ "Ayasdi Stock Price, Funding, Valuation, Revenue & Financial Statements". www.cbinsights.com. Retrieved 2025-01-26.
- ^ "EY US partners with SymphonyAI". thepaypers.com. Retrieved 2025-01-26.
- ^ "Oracle (ORCL) Aids SymphonyAI to Deliver IT Solutions on Cloud". nasdaq.com. 2023-01-16.
- ^ John, Amy Sarah (2024-06-28). "Microsoft unveils 2024 Partner of the Year Award winners and finalists". Wire19. Retrieved 2025-01-26.
- ^ Millward, Wade Tyler. "Microsoft 2024 Partners Of The Year: ISVs Making Waves With Azure, Teams, Devices". www.crn.com. Retrieved 2025-01-26.
- ^ Feldman, Amy. "Tech Billionaire Romesh Wadhwani Replaces Himself As CEO As He Considers Taking SymphonyAI Public". Forbes. Retrieved 2025-01-26.
- ^ Brown, Michael (2023-08-09). "On the Hunt: SymphonyAI's M&A Algo". The Deal. Retrieved 2025-01-26.
- ^ Hu, Krystal (2024-07-16). "SymphonyAI targets second half 2025 IPO with $500 million in revenue run rate". reuters.com.
- ^ Louise, Nickie (2024-07-16). "Profitable AI startup SymphonyAI eyes late 2025 IPO after strong growth of $500 million revenue run rate - Tech Startups". Retrieved 2025-01-26.
- ^ Gray, Catherine (2022-01-13). "Sanjay Dhawan: SymphonyAI's new CEO". aimagazine.com. Retrieved 2025-01-26.
- ^ Lyudvig, Anna (2023-10-16). "ON THE MOVE: Piya Khanna Joins Peel Hunt; SymphonyAI Adds Blythe Masters". Traders Magazine. Retrieved 2025-01-26.
- ^ Bloomberg, Sara. "UC Berkeley teams up with NASA". bizjournals.com. Retrieved 2025-01-26.
- ^ "SymphonyAI Offers vertical predictive and generative AI SaaS for retail/CPG, financial services, industrial, media and IT". inc.com.
- ^ "AIFinTech100 2024". AIFinTech100. Retrieved 2025-01-26.
- ^ SymphonyAI Industrial receives the 2023 Technology Innovation Leadership Award
- in-depth (not just brief mentions about the subject or routine announcements)
- reliable
- secondary
- strictly independent of the subject
Make sure you add references that meet all four of these criteria before resubmitting. Learn about mistakes to avoid when addressing this issue. If no additional references exist, the subject is not suitable for Wikipedia.