Billionaire Siebel Sued Enel Over Trade Secret Theft Allegations
- Italian energy giant targeted by C3.ai in Italian civil suit
- ‘This is an unfortunate situation,’ Siebel tells Bloomberg TV
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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.
C3, based in Redwood City, California 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 owed €2.1 billion ($2.3 billion).