SymphonyAI, a company that creates predictive and generative artificial intelligence for businesses, is planning to go public in 2025.
SymphonyAI’s CEO Sanjay Dhawan said in a recent interview that the IPO move will come in the second half of 2025, although the timing could still change depending on the market conditions. According to Dhawan, going public will help the company provide “liquidity for executives and employees” while also helping it raise funds for future acquisitions and mergers.
“Going public is one milestone in a journey. Once we identify a use case that we can disrupt with AI, we use M&A as a mechanism to add a volume of customers, which we can transform with AI,” Dhawan said.
SymphonyAI’s predictive and generative AI has been used in retail, trading, and investing sectors, financial services, and other industries to improve productivity and accelerate revenue growth. The company itself cleared $500 million in 2023 and became profitable for the first time.
“We want to pick very specific industries and create these turnkey solutions, which are AI-based applications, for our enterprise customers,” Dhawan added.
SymphonyAI was founded in 2017 by tech billionaire Romesh Wadhwani, who remains its largest shareholder. It has more than 2,000 clients, including food and beverage giant PepsiCo and hedge fund Citadel.