Celonis

Celonis SE
Company typePrivate company
IndustryEnterprise software, cloud computing, SaaS
Founded2011; 13 years ago (2011)[1]
Founders
  • Alex Rinke (co-CEO)
  • Bastian Nominacher (co-CEO)
  • Martin Klenk (CTO)
[2]
Headquarters
Number of locations
17 (2021[2])
Area served
Worldwide
Number of employees
3,000+ [2]
Websitecelonis.com

Celonis SE is an American-German data processing company that offers software as a service (SaaS) to improve business processes.[4] It is headquartered in Munich, Germany and New York, United States.[5][3][6]

History

[edit]

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,[7] an accelerator for analytics startups building new applications on the SAP HANA platform.[8]

In July 2015, Celonis signed a reseller agreement with SAP.[9] Celonis has since been offered by SAP as Celonis Process Mining by SAP.[10] Celonis was the first company from the SAP Startup Focus program to sign a reseller agreement with SAP.[11]

Funding

[edit]

In June 2016, Celonis received $27.5m in series A funding led by 83North and Accel.[12]

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.[13]

In November 2019, Celonis closed $290m in series C funding at a valuation of $2.5bn.[14]

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.[15]

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.[16]

Acquisitions

[edit]

In April 2019, Celonis bought the Belgian software company Banyas for an undisclosed amount.[17] Banyas technology was integrated into the Celonis platform to enable real-time connectivity to SAP.[18]

In October 2020, Celonis acquired Czech software startup Integromat.com for "over $100M".[19] Integromat, which has since changed its name to Make,[20] sells an integration platform (iPaaS).[21]

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.[22]

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.[23][24]

Products

[edit]

In October 2020, Celonis launched its Execution Management System (EMS),[25] a process analysis tool.[26]

References

[edit]
  1. ^ a b "CELONIS - from start-up to world market leader". Technical University of Munich - School of Management. December 3, 2019. Retrieved November 6, 2020.
  2. ^ a b c "Company". Celonis. Archived from the original on August 17, 2018. Retrieved July 9, 2021.
  3. ^ a b "Celonis Continues Global Expansion with Opening of New Madrid Hub". celonis.com. September 17, 2022.
  4. ^ Rasch, Michael (July 2, 2021). "Decacorn Celonis: Der neue Stern in der Startup-Szene" [The new highlight in the startup scene: The software company Celonis is the first German Decacorn]. Neue Zürcher Zeitung (in German).
  5. ^ "Celonis Continues High-Growth Expansion in the Nordics". celonis.com. November 2, 2020.
  6. ^ "Celonis | Legal". Celonis. Retrieved October 8, 2022.
  7. ^ Magazin, E.-3 (June 28, 2017). "Process Mining mit künstlicher Intelligenz". E-3 Magazin (in German). Retrieved November 9, 2020.{{cite web}}: CS1 maint: numeric names: authors list (link)
  8. ^ "SAP Startup Focus Drives Enterprise Innovation, Exceeds 5,500 Startup Members". SAP News Center. May 2, 2017. Retrieved November 9, 2020.
  9. ^ "Fast-growing German software start-up Celonis raises first outside funds". Reuters. June 7, 2016. Retrieved April 26, 2023.
  10. ^ "SAP wordt reseller van Celonis process mining software | Dutch IT-channel". dutchitchannel.nl (in Dutch). Retrieved November 9, 2020.
  11. ^ "Per Bootstrapping zum globalen SAP-Partner". Gründerszene Magazin (in German). September 17, 2015. Retrieved November 9, 2020.
  12. ^ "Celonis takes $27.5M led by Accel, 83North to grow the market for big data process mining". TechCrunch. Retrieved November 6, 2020.
  13. ^ "Celonis scores $50M Series B on $1B valuation". TechCrunch. June 26, 2018. Retrieved November 6, 2020.
  14. ^ "Celonis raises $290 million for AI-powered process mining at $2.5 billion valuation". VentureBeat. November 21, 2019. Retrieved November 6, 2020.
  15. ^ "Celonis Raises $1 Billion At $11 Billion Valuation, Making It New York's —And Germany's — Most Valuable Startup". Forbes. June 2, 2021. Retrieved October 18, 2021.
  16. ^ "Qatar Wealth Fund Invests in Celonis at $13 Billion Valuation". Bloomberg.com. August 23, 2022. Retrieved August 25, 2022.
  17. ^ "Celonis process mining edges toward autonomous enterprise". SearchERP. Retrieved November 6, 2020.
  18. ^ "Celonis pushes beyond process mining into automated workflow tooling". TechCrunch. Retrieved November 6, 2020.
  19. ^ "Celonis acquires Czech startup Integromat to accelerate move to process automation". TechCrunch. Retrieved November 6, 2020.
  20. ^ "Integromat evolves to Make - our new brand and flagship platform". Make, formerly Integromat. Archived from the original on August 30, 2022.
  21. ^ "Online Automation Platform Integromat Records 10X Growth With Emphasis on Project Management & Community Marketing". BW people. July 28, 2020. Archived from the original on July 29, 2020. Retrieved November 9, 2020.
  22. ^ "Greek DataOps Startup Lenses gets acquired by enterprise software giant valued at $11B". The Recursive. October 6, 2021. Retrieved October 18, 2021.
  23. ^ "Celonis acquires PAF to bring deep process mining capabilities closer to Microsoft users". diginomica.com. March 29, 2022. Retrieved March 29, 2022.
  24. ^ Charlotte Trueman (July 6, 2022). "Noteworthy tech acquisitions 2022". Computer World. Retrieved July 24, 2022.
  25. ^ "German software firm Celonis launches the market's first EMS". aeresearch.net. October 16, 2020. Retrieved November 10, 2020.
  26. ^ "Celonis onthult het eerste Execution Management System in de industrie". Emerce (in Dutch). October 16, 2020. Archived from the original on October 20, 2020. Retrieved November 10, 2020.
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