C3, based in Redwood City and known for its data management and analysis software, accused Enel of misappropriation of trade secrets and breach of contract in an Italian civil suit. C3 says it is o…
Thomas M. Siebel, chief executive officer of C3.AI Inc., during a panel session at the Bloomberg Tech Summit in London, UK, on Wednesday, Sept. 28, 2022. The UK has struggled to keep its tech firms owned by local investors. Silicon Valley billionaire Thomas Siebel has accused the Italian energy company Enel SpA of copying the IP of the software firm he runs, C3.ai.
However, the relationship between the two companies soured, and now C3 is accusing of Enel of stealing its intellectual property. It turned to courts in Italy to file a legal claim in February, according to a regulatory filing. In a May 2023 interview with Bloomberg, Siebel spoke about the souring relationship. “Enel was hugely successful,” he said when asked about the status of its business with the Italian energy giant.
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