Celonis

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Celonis
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 (October 2021)[2]
Area served
Worldwide
Number of employees
1,800+ (October 2021)[2]
Websitecelonis.com

Celonis is a data processing company founded in Munich, Germany. It is co-headquartered in Munich and New York and sells software as a service (SaaS) to improve business processes.[3]

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,[4] an accelerator for analytics startups building new applications on the SAP HANA platform.[5]

In July 2015, Celonis signed a reseller agreement with SAP. Celonis has since been offered by SAP as Celonis Process Mining by SAP.[6] Celonis was the first company from the SAP Startup Focus program to sign a reseller agreement with SAP.[7]

Funding[]

In June 2016, Celonis received $27.5m in series A funding led by 83North and Accel.[8]

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.[9]

In November 2019, Celonis closed $290m in series C funding at a valuation of $2.5bn.[10]

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.[11]

Acquisitions[]

In April 2019, Celonis bought the Belgian software company Banyas for an undisclosed amount.[12] Banyas technology was integrated into the Celonis platform to enable real-time connectivity to SAP.[13]

In October 2020, Celonis acquired Czech software startup Integromat for "over $100M".[14] Integromat sells an integration platform (iPaaS).[15]

In October 2021, Celonis acquired London/Athens-based software company with over 100 employees Lenses.io which is specialising in real-time streaming data tools.[16]

Products[]

In October 2020, Celonis launched its Execution Management System (EMS),[17] a process analysis tool.[18]

References[]

  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. Retrieved July 9, 2021.
  3. ^ Rasch, Michael (July 2, 2021). "Decacorn Celonis: Der neue Stern in der Startup-Szene". Neue Zürcher Zeitung (in German).
  4. ^ Magazin, E.-3 (June 28, 2017). "Process Mining mit künstlicher Intelligenz". E-3 Magazin (in German). Retrieved November 9, 2020.
  5. ^ "SAP Startup Focus Drives Enterprise Innovation, Exceeds 5,500 Startup Members". SAP News Center. May 2, 2017. Retrieved November 9, 2020.
  6. ^ "SAP wordt reseller van Celonis process mining software | Dutch IT-channel". dutchitchannel.nl (in Dutch). Retrieved November 9, 2020.
  7. ^ "Per Bootstrapping zum globalen SAP-Partner". Gründerszene Magazin (in German). September 17, 2015. Retrieved November 9, 2020.
  8. ^ "Celonis takes $27.5M led by Accel, 83North to grow the market for big data process mining". TechCrunch. Retrieved November 6, 2020.
  9. ^ "Celonis scores $50M Series B on $1B valuation". TechCrunch. June 26, 2018. Retrieved November 6, 2020.
  10. ^ "Celonis raises $290 million for AI-powered process mining at $2.5 billion valuation". VentureBeat. November 21, 2019. Retrieved November 6, 2020.
  11. ^ "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.
  12. ^ "Celonis process mining edges toward autonomous enterprise". SearchERP. Retrieved November 6, 2020.
  13. ^ "Celonis pushes beyond process mining into automated workflow tooling". TechCrunch. Retrieved November 6, 2020.
  14. ^ "Celonis acquires Czech startup Integromat to accelerate move to process automation". TechCrunch. Retrieved November 6, 2020.
  15. ^ "Online Automation Platform Integromat Records 10X Growth With Emphasis on Project Management & Community Marketing". BW people. July 28, 2020. Retrieved November 9, 2020.
  16. ^ "Greek DataOps Startup Lenses gets acquired by enterprise software giant valued at $11B". The Recursive. October 6, 2021. Retrieved October 18, 2021.
  17. ^ "German software firm Celonis launches the market's first EMS". aeresearch.net. October 16, 2020. Retrieved November 10, 2020.
  18. ^ "Celonis onthult het eerste Execution Management System in de industrie". Emerce (in Dutch). October 16, 2020. Retrieved November 10, 2020.
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