SymphonyAI targets second half 2025 IPO with $500 million in revenue run rate

SymphonyAI, a U.S. artificial intelligence company whose products help the likes of Pepsi predict demand and financial companies spot fraud, is preparing to go public in the second half of next year, its chief executive said in an interview.

Sanjay Dhawan, CEO at SymphonyAI, said the firm is in talks with banks but declined to disclose details or stages of preparations.

The plan to list publicly came as SymphonyAI reached $500 million in revenue run rate last year and achieved profitability, after growing revenue at a rate of about 25%, according to Dhawan.

Source: REUTER