Zapata AI and Andretti Acquisition Corp. Announce Closing of Business Combination

Zapata Computing, Inc. (“Zapata AI”), the Industrial Generative AI software company developing solutions to solve enterprises’ most difficult, industrial-scale problems, announced today that it has completed its business combination with Andretti Acquisition Corp. (NYSE: WNNR), a special purpose acquisition company. The combined company, which was renamed Zapata Computing Holdings Inc., will operate as Zapata AI and its common stock and warrants will begin trading on April 1, 2024 on the Nasdaq stock exchange under the ticker symbols “ZPTA” and “ZPTAW”, respectively.

“Today marks an exciting new chapter in Zapata AI’s history that all of our valued stakeholders can be proud of,” said Christopher Savoie, CEO of Zapata AI. “Since our launch in 2017, Zapata AI has been working diligently to lead the industrial generative AI revolution and becoming a public company will meaningfully advance our progress by opening up a new source of capital to fuel our growth and drive innovation. In a large and rapidly growing total addressable market, we are operating from a position of strength with enhanced financial flexibility, proprietary industrial generative AI techniques, and algorithms that we believe are at the leading edge of these new frontiers. We appreciate the unwavering support of our team, partners, and customers, and we look forward to creating long-term value by solving enterprises’ most computationally complex problems.”

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 Sumitomo Mitsui Trust Bank (SMTB), BBVA, BP, BASF, the Defense Advanced Research Projects Agency (DARPA), and Andretti Global, among numerous research and university partners.

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.