AI startups leveraging Oracle NetSuite for streamlined growth

Several leading artificial intelligence (AI) startups are utilising Oracle NetSuite to streamline operations and support their growth. Among these companies are Anyscale, Clarifai, Cohere, and SymphonyAI, which have integrated NetSuite's services to enhance efficiency, reduce costs, and improve business insights.

NetSuite offers a comprehensive cloud business system that includes enterprise resource planning (ERP) capabilities such as financials, accounting, procurement, HR, and sales and marketing. This suite enables AI companies to automate processes, integrate data, and enhance decision-making.

Evan Goldberg, founder and executive vice president of Oracle NetSuite, said, "There is a worldwide race to build the next generation of AI systems, and AI companies are challenged to find ways to fund new product innovations, bolster their top and bottom lines, and keep up with increasing competition. Over the past few years, many of the fastest-growing AI companies have selected NetSuite to increase the speed and accuracy of business processes, expand operational insights, and efficiently grow as they drive a new era of AI innovation.”

Anyscale, the company behind the Ray open-source project, provides a unified compute platform for building and deploying scalable AI and Python applications. Using NetSuite has allowed Anyscale to enhance the speed and accuracy of its financial processes while centralising operational data. Yun Jung Choi, Head of Finance at Anyscale, stated, "As AI becomes a competitive necessity, we’re seeing increased demand for Anyscale’s infrastructure and development platform—which also creates more complexity for our accounting team. NetSuite has helped us improve efficiency and integrate data workflows, which has enabled us to gain a more complete picture of our finances and cultivate strategic insights for our growth."

Clarifai, an AI orchestration and development company, has utilised NetSuite SuiteSuccess Software Edition to gain the scalability needed to meet growing demand. Clarifai's CEO, Matthew Zeiler, commented, "With recent excitement around generative AI, we recently surpassed 1.5 million AI models built on our platform, and to support our ongoing growth, we needed a flexible, scalable business solution. NetSuite grows with our business, automating our manual operational processes and freeing up resources so we can accelerate business outcomes and help our customers solve more problems with AI."

Cohere focuses on building enterprise-grade AI solutions to address business challenges. By incorporating NetSuite, Cohere has introduced new AI products, expanded its customer base, and enhanced business operations. Laura Moss, Vice President of Finance at Cohere, mentioned, "Cohere has grown rapidly in recent years, and we needed an integrated business system that could scale with us. To build the leading global security-focused enterprise AI company, we turned to Oracle NetSuite. NetSuite has provided huge efficiency advantages. The AI capabilities in NetSuite have provided us with accurate data so that we can make better and faster decisions and spend more time on building our business."

SymphonyAI, a company delivering AI SaaS solutions for digital transformation across various sectors, has leveraged NetSuite SuiteSuccess Software Edition and NetSuite OneWorld to optimise financial processes and consolidate business operations. With over 2,000 customers worldwide and more than 3,000 employees, SymphonyAI has benefited significantly from NetSuite's capabilities. Bill Bragg, Chief Information Officer at SymphonyAI, explained, "Over the last three years, we’ve achieved dramatic revenue growth and achieved profitability. As we grew, we needed a robust business system that could help us scale processes and improve employee productivity. NetSuite is helping us streamline processes, expand insights, and improve decision-making to increase efficiency as we expand our global operations."