Zapata Computing Holdings Inc
NASDAQ:ZPTA
Zapata Computing Holdings Inc
Zapata Computing Holdings Inc is a US-based company operating in Software industry. The company is headquartered in Boston, Massachusetts and currently employs 0 full-time employees. The company went IPO on 2022-01-13. Zapata Computing Holdings Inc., operating as Zapata AI, is an Industrial Generative artificial intelligence (AI) software company that develops generative AI applications and provides accompanying services to solve complex industrial problems. Its primary target customers are enterprise organizations. The company offers subscription-based solutions that combine software and services to develop custom Industrial Generative AI applications designed to resolve the highly complex business challenges of these enterprises given the size and scope of their global operations. The firm focuses on generative AI and uses both quantum and classical techniques in its work. Its specialized generative AI software category, Industrial Generative AI, takes generative models similar to those behind popular generative AI tools, such as OpenAI's ChatGPT and Google's Bard, and tailors them to business-, domain-, and industry-specific applications, with a focus on industrial problems.
Zapata Computing Holdings Inc is a US-based company operating in Software industry. The company is headquartered in Boston, Massachusetts and currently employs 0 full-time employees. The company went IPO on 2022-01-13. Zapata Computing Holdings Inc., operating as Zapata AI, is an Industrial Generative artificial intelligence (AI) software company that develops generative AI applications and provides accompanying services to solve complex industrial problems. Its primary target customers are enterprise organizations. The company offers subscription-based solutions that combine software and services to develop custom Industrial Generative AI applications designed to resolve the highly complex business challenges of these enterprises given the size and scope of their global operations. The firm focuses on generative AI and uses both quantum and classical techniques in its work. Its specialized generative AI software category, Industrial Generative AI, takes generative models similar to those behind popular generative AI tools, such as OpenAI's ChatGPT and Google's Bard, and tailors them to business-, domain-, and industry-specific applications, with a focus on industrial problems.
Revenue Growth: Zapata AI delivered second quarter 2024 revenue of $2 million, up from $1.22 million in Q1 and $1.43 million in the year-ago quarter.
Margin Expansion: Gross margin improved sharply to 36%, up from 13.6% last quarter and 19.7% a year ago, reflecting improved scale and customer progression.
Strong Pipeline: The company has a qualified customer pipeline exceeding $30 million across diverse verticals, including finance, defense, industrial, and biotech.
Defense & Partnerships: Zapata expanded work with DARPA, announced a new agreement with U.S. Special Operations Command, and reported positive early results from partnerships with KPMG, D-Wave, and others.
Operating Costs: Operating expenses rose to $8.09 million, mainly due to one-time public listing and regulatory costs; management expects such charges to moderate in the second half.
No Guidance: Management reiterated they are not providing specific forward guidance but expect continued revenue and margin momentum as projects mature.
