Company:Celonis

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Short description: German software company


Celonis SE
TypePrivate company
IndustryEnterprise Software, Cloud Computing, SaaS
Founded2011[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 a [3][4] German data processing company that offers software as a service (SaaS) to improve business processes.[5] It is headquartered in Munich, Germany and New York City , United States .[4][3][6]

History

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

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

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 London/Athens-based software company with over 100 employees Lenses.io, which is 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

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

References

  1. ↑ 1.0 1.1 "CELONIS - from start-up to world market leader" (in en-US). 2019-12-03. https://www.wi.tum.de/celonis-from-start-up-to-worl-market-leader-at-tum-campus-heilbronn/. 
  2. ↑ 2.0 2.1 2.2 "Company" (in en). https://www.celonis.com/company/. 
  3. ↑ 3.0 3.1 3.2 "Celonis Continues Global Expansion with Opening of New Madrid Hub". 2022-09-17. https://www.celonis.com/press/celonis-continues-global-expansion-with-opening-of-new-madrid-hub. 
  4. ↑ 4.0 4.1 "Celonis Continues High-Growth Expansion in the Nordics". 2020-11-02. https://www.celonis.com/press/celonis-continues-high-growth-expansion-in-the-nordics. 
  5. ↑ Rasch, Michael (2021-07-02). "Decacorn Celonis: Der neue Stern in der Startup-Szene" (in de). https://www.nzz.ch/wirtschaft/decacorn-celonis-der-neue-stern-in-der-startup-szene-ld.1632015. 
  6. ↑ "Celonis | Legal" (in en). https://www.celonis.com/legal/. 
  7. ↑ Magazin, E.-3 (2017-06-28). "Process Mining mit künstlicher Intelligenz" (in de-DE). https://e-3.de/process-mining-mit-kuenstlicher-intelligenz/. 
  8. ↑ "SAP Startup Focus Drives Enterprise Innovation, Exceeds 5,500 Startup Members" (in en-US). 2017-05-02. https://news.sap.com/2017/05/sap-startup-focus-drives-enterprise-innovation-exceeds-5500-startup-members/. 
  9. ↑ "Fast-growing German software start-up Celonis raises first outside funds" (in en). Reuters. 2016-06-07. https://www.reuters.com/article/tech-germany-celonis-idUKL8N18Z5P4. 
  10. ↑ "SAP wordt reseller van Celonis process mining software | Dutch IT-channel" (in nl). https://dutchitchannel.nl/536163/sap-sluit-reseller-overeenkomst-met-celonis.html. 
  11. ↑ "Per Bootstrapping zum globalen SAP-Partner" (in de). 2015-09-17. https://www.gruenderszene.de/allgemein/celonis-partner-sap. 
  12. ↑ "Celonis takes $27.5M led by Accel, 83North to grow the market for big data process mining" (in en-US). https://social.techcrunch.com/2016/06/07/celonis-takes-27-5m-led-by-accel-83north-to-grow-the-market-for-big-data-process-mining/. 
  13. ↑ "Celonis scores $50M Series B on $1B valuation" (in en-US). 2018-06-26. https://social.techcrunch.com/2018/06/26/celonis-scores-50-million-series-b-on-1b-valuation/. 
  14. ↑ "Celonis raises $290 million for AI-powered process mining at $2.5 billion valuation" (in en-US). 2019-11-21. https://venturebeat.com/2019/11/21/celonis-raises-290-million-for-ai-powered-process-mining-at-2-5-billion-valuation/. 
  15. ↑ "Celonis Raises $1 Billion At $11 Billion Valuation, Making It New York’s —And Germany’s — Most Valuable Startup" (in en-US). 2021-06-02. https://www.forbes.com/sites/alexkonrad/2021/06/02/celonis-process-mining-raises-at-11-billion-valuation. 
  16. ↑ "Qatar Wealth Fund Invests in Celonis at $13 Billion Valuation" (in en). Bloomberg.com. 2022-08-23. https://www.bloomberg.com/news/articles/2022-08-23/qatar-leads-investment-round-in-celonis-at-13-billion-valuation. 
  17. ↑ "Celonis process mining edges toward autonomous enterprise" (in en). https://searcherp.techtarget.com/news/252482474/Celonis-process-mining-edges-toward-autonomous-enterprise. 
  18. ↑ "Celonis pushes beyond process mining into automated workflow tooling" (in en-US). https://social.techcrunch.com/2020/04/28/celonis-moves-beyond-process-discovery-into-automated-workflow-tooling/. 
  19. ↑ "Celonis acquires Czech startup Integromat to accelerate move to process automation" (in en-US). https://social.techcrunch.com/2020/10/14/celonis-acquires-czech-startup-integromat-to-accelerate-move-to-process-automation/. 
  20. ↑ "Integromat evolves to Make - our new brand and flagship platform". https://www.make.com/en/integromat-evolves-to-make. 
  21. ↑ "Online Automation Platform Integromat Records 10X Growth With Emphasis on Project Management & Community Marketing" (in en). 2020-07-28. http://bwpeople.businessworld.in/article/Online-Automation-Platform-Integromat-Records-10X-Growth-With-Emphasis-on-Project-Management-Community-Marketing/28-07-2020-302292. 
  22. ↑ "Greek DataOps Startup Lenses gets acquired by enterprise software giant valued at $11B" (in en-US). 2021-10-06. https://therecursive.com/german-software-company-celonis-acquires-data-ops-startup-lenses-io-to-bring-real-time-data-to-business-operations/. 
  23. ↑ "Celonis acquires PAF to bring deep process mining capabilities closer to Microsoft users" (in en). 2022-03-29. https://diginomica.com/celonis-acquires-paf-bring-deep-process-mining-capabilities-closer-microsoft-users. 
  24. ↑ Charlotte Trueman (July 6, 2022). "Noteworthy tech acquisitions 2022". https://www.computerworld.com/article/3646533/noteworthy-tech-acquisitions-2022.html. 
  25. ↑ "German software firm Celonis launches the market's first EMS" (in english). 2020-10-16. https://www.aeresearch.net/german-software-firm-celonis-launches-the-market-s-first-ems. 
  26. ↑ "Celonis onthult het eerste Execution Management System in de industrie" (in nl). 16 October 2020. https://www.emerce.nl/wire/celonis-onthult-eerste-execution-management-system-industrie. 



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