Zapata AI and Andretti Acquisition Corp. Announce Closing of Business Combination - Seite 2

Michael Andretti, Co-CEO of Andretti Acquisition Corp., stated, “Zapata AI has been a pioneer of industrial generative AI with a suite of software offerings that can help organizations across a diverse range of industries drive better data understanding, create more accurate predictions, reduce risk, and optimize decision-making. It is Zapata AI’s vision, technology and capabilities that set it apart and make us most excited about the company’s promising future.”

Bill Sandbrook, Co-CEO of Andretti Acquisition Corp., commented, “It was a pleasure working with Christopher and the rest of Zapata AI’s talented team throughout the course of this business combination. In our view, there is no other company – private or public – in the burgeoning AI space that is quite like Zapata AI given how its in-depth quantum research has set its generative AI solutions apart. This differentiation is what makes the company able to build an enviable customer roster and attract sustained strong interest from potential future customers. As shareholders, we will continue to offer the company our full support as it pursues its strategic growth plans.”

Matt Brown, President and CFO of Andretti Acquisition Corp. remarked, “We are proud of the role Andretti Acquisition Corp. played in bringing Zapata AI to the public market. When we launched our IPO, we endeavored to find a business with best-in-class leadership and next-generation technologies capable of creating long-term value, and we believe Zapata AI checks all of those boxes. With a global salesforce in the U.S., Europe and Asia, we are confident Zapata AI is primed to drive enterprise customer acquisition and be a leader in growing this new and groundbreaking market.”

Advisors

Cohen & Company Capital Markets, a division of J.V.B. Financial Group, LLC (“CCM”), served as exclusive financial advisor and lead capital markets advisor to Andretti Acquisition Corp. The Benchmark Company, LLC (“Benchmark”) also served as financial advisor to Zapata AI. Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal counsel to Andretti Acquisition Corp. Foley Hoag LLP served as legal counsel to Zapata AI.

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 Boston, Massachusetts. For more information on Zapata AI, please visit www.zapata.ai.