Zapata AI and Andretti Acquisition Corp. Announce Closing of Business Combination
Zapata AI’s shares to trade on
Provides Zapata AI with financial flexibility to fuel innovation, drive enterprise customer acquisition and advance its enterprise growth strategy
“Today marks an exciting new chapter in Zapata AI’s history that all of our valued stakeholders can be proud of,” said
Zapata AI develops and delivers generative AI solutions to solve customers' highly complex industrial-scale operational challenges, leveraging the performance advantages of the company's innovative algorithms based on quantum physics. Zapata AI's enterprise and government customers have included
Zapata AI's consultative go-to-market approach has gained traction, and the company sees multiple growth opportunities and is in discussions with leading companies across telecommunications, financial services, transportation and logistics, biotech/pharmaceutical and life sciences, automotive OEMs, advanced global manufacturing, and defense and government.
Zapata AI's generative AI and optimization offerings include Zapata AI Sense™, a numerical, computational solution, and Zapata AI Prose™, a text-based large language model solution. These capabilities are available individually or combined, running through Zapata AI’s Sensor Intelligence Platform (SIP), uniquely designed to ingest and process vast amounts of live streaming sensor data, while delivering real-time insights in mission-critical environments and to the edge. These generative AI solutions are enabled by Zapata AI's Orquestra® reference architecture, the company's full-stack development platform which seamlessly integrates with customers’ existing data and tools, and across multiple cloud environments, including AWS, GCP, Azure, and others.
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About Zapata AI
Zapata AI is an Industrial Generative AI company, revolutionizing how enterprises solve complex problems with its powerful suite of Generative AI software. By combining numerical and text-based solutions, Zapata AI empowers industrial-scale enterprises and government entities to leverage numerical generative models and large language models better, faster, and more efficiently—delivering solutions to drive growth, cost savings, and operational insight. With proprietary data science and engineering techniques and the Orquestra® platform, Zapata AI is accelerating Generative AI’s impact across industries. The Company was founded in 2017 and is headquartered in
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Forward-Looking Statements
Certain statements made herein are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook,” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding future events, the estimated or anticipated future results and benefits of the combined company following the business combination, including future opportunities for the combined company, and other statements that are not historical facts. These statements are based on the current expectations of Andretti Acquisition Corp.’s and Zapata AI’s management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on, by any investor as a guarantee, an assurance, a prediction, or a definitive statement of fact or probability. These statements are subject to a number of risks and uncertainties regarding Zapata AI’s businesses, and actual results may differ materially. These risks and uncertainties include, but are not limited to, failure to realize the benefits expected from the business combination; a decline in the price of the combined company’s securities if it fails to meet the expectations of investors or securities analysts; Zapata AI’s ability to attract new customers, retain existing customers, and grow; competition in the generative AI industry; Zapata AI’s ability to raise additional capital on non-dilutive terms or at all; Zapata AI’s ability to improve its operational, financial and management controls; Zapata AI’s failure to maintain and enhance awareness of its brand; increased costs associated with operating as a public company; protection of proprietary rights; intellectual property infringement, data protection and other losses; and those factors discussed in Andretti’s definitive proxy statement/prospectus, filed with the
If any of these risks materialize or if assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that
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Zapata AI
Media: press@zapata.ai
Investors: investors@zapata.ai
Media: pr@andrettiacquisition.com
Investors: ir@andrettiacquisition.com
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