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Celonis
German software company From Wikipedia, the free encyclopedia
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Celonis SE is a German data processing company that offers software as a service (SaaS) to improve business processes.[4] It is headquartered in Munich, Germany with a secondary[5] headquarters New York, United States.[6][3][7]
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History
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Celonis was founded in 2011 by Alex Rinke, Bastian Nominacher, and Martin Klenk as a spin-off from the Technical University of Munich (TUM).[1] In 2012, Celonis joined the SAP Startup Focus program,[8] an accelerator for analytics startups building new applications on the SAP HANA platform.[9]
In July 2015, Celonis signed a reseller agreement with SAP.[10] Celonis has since been offered by SAP as Celonis Process Mining by SAP.[11] Celonis was the first company from the SAP Startup Focus program to sign a reseller agreement with SAP.[12]
Funding
In June 2016, Celonis received $27.5m in series A funding led by 83North and Accel.[13]
In June 2018, Celonis received a further $50m in series B funding at a valuation of $1bn. The funding round was led by 83North and Accel.[14]
In November 2019, Celonis closed $290m in series C funding at a valuation of $2.5bn.[15]
In June 2021, Celonis raised a $1bn series D investment at $11bn valuation, becoming New York’s and Germany’s most valuable startup as per Forbes.[16]
In August 2022, it is announced that Qatar's sovereign wealth fund Qatar Investment Authority has joined Celonis as the leader of the US$400 million Series-D expansion, which was already completed in June 2021, in the amount of US$1 billion, bringing the company's valuation to around US$13 billion.[17]
Acquisitions
In April 2019, Celonis bought the Belgian software company Banyas for an undisclosed amount.[18] Banyas technology was integrated into the Celonis platform to enable real-time connectivity to SAP.[19]
In October 2020, Celonis acquired Czech software startup Integromat.com for "over $100M".[20] Integromat, which has since changed its name to Make,[21] sells an integration platform (iPaaS).[22]
In October 2021, Celonis acquired Lenses.io, a London/Athens-based software company with over 100 employees that specializes in real-time streaming data tools.[23]
In March 2022, Celonis acquired the Darmstadt-headquartered Process Analytics Factory GmbH (PAF), a company that provides process mining insights within the Microsoft Power Platform, for $100 million.[24][25]
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Products
In October 2020, Celonis launched its Execution Management System (EMS),[26] a process analysis tool.[27]
References
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