Celonis

Celonis was founded in 2011 by Alex Rinke, Bastian Nominacher, and Martin Klenk as a spin-off from the Technical University of Munich (TUM).{{Cite web|date=2019-12-03|title=CELONIS - from start-up to world market leader|url=https://www.wi.tum.de/celonis-from-start-up-to-worl-market-leader-at-tum-campus-heilbronn/|access-date=2020-11-06|website=Technical University of Munich - School of Management|language=en-US}} In 2012, Celonis joined the SAP Startup Focus program,{{Cite web|last=Magazin|first=E.-3|date=2017-06-28|title=Process Mining mit künstlicher Intelligenz|url=https://e-3.de/process-mining-mit-kuenstlicher-intelligenz/|access-date=2020-11-09|website=E-3 Magazin|language=de-DE}} an accelerator for analytics startups building new applications on the SAP HANA platform.{{Cite web|date=2017-05-02|title=SAP Startup Focus Drives Enterprise Innovation, Exceeds 5,500 Startup Members|url=https://news.sap.com/2017/05/sap-startup-focus-drives-enterprise-innovation-exceeds-5500-startup-members/|access-date=2020-11-09|website=SAP News Center|language=en-US}}

In July 2015, Celonis signed a reseller agreement with SAP.{{Cite news |date=2016-06-07 |title=Fast-growing German software start-up Celonis raises first outside funds |language=en |work=Reuters |url=https://www.reuters.com/article/tech-germany-celonis-idUKL8N18Z5P4 |access-date=2023-04-26}} Celonis has since been offered by SAP as Celonis Process Mining by SAP.{{Cite web|title=SAP wordt reseller van Celonis process mining software {{!}} Dutch IT-channel|url=https://dutchitchannel.nl/536163/sap-sluit-reseller-overeenkomst-met-celonis.html|access-date=2020-11-09|website=dutchitchannel.nl|language=nl}} Celonis was the first company from the SAP Startup Focus program to sign a reseller agreement with SAP.{{Cite web|date=2015-09-17|title=Per Bootstrapping zum globalen SAP-Partner|url=https://www.gruenderszene.de/allgemein/celonis-partner-sap|access-date=2020-11-09|website=Gründerszene Magazin|language=de}}

In June 2016, Celonis received $27.5m in series A funding led by 83North and Accel.{{Cite web|title=Celonis takes $27.5M led by Accel, 83North to grow the market for big data process mining|url=https://techcrunch.com/2016/06/07/celonis-takes-27-5m-led-by-accel-83north-to-grow-the-market-for-big-data-process-mining/|access-date=2020-11-06|website=TechCrunch|language=en-US}}

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.{{Cite web|date=2018-06-26|title=Celonis scores $50M Series B on $1B valuation|url=https://techcrunch.com/2018/06/26/celonis-scores-50-million-series-b-on-1b-valuation/|access-date=2020-11-06|website=TechCrunch|language=en-US}}

In November 2019, Celonis closed $290m in series C funding at a valuation of $2.5bn.{{Cite web|date=2019-11-21|title=Celonis raises $290 million for AI-powered process mining at $2.5 billion valuation|url=https://venturebeat.com/2019/11/21/celonis-raises-290-million-for-ai-powered-process-mining-at-2-5-billion-valuation/|access-date=2020-11-06|website=VentureBeat|language=en-US}}

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.{{Cite web|date=2021-06-02|title=Celonis Raises $1 Billion At $11 Billion Valuation, Making It New York’s —And Germany’s — Most Valuable Startup|url=https://www.forbes.com/sites/alexkonrad/2021/06/02/celonis-process-mining-raises-at-11-billion-valuation|access-date=2021-10-18|website=Forbes|language=en-US}}

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.{{Cite news |date=2022-08-23 |title=Qatar Wealth Fund Invests in Celonis at $13 Billion Valuation |language=en |work=Bloomberg.com |url=https://www.bloomberg.com/news/articles/2022-08-23/qatar-leads-investment-round-in-celonis-at-13-billion-valuation |access-date=2022-08-25}}

In April 2019, Celonis bought the Belgian software company Banyas for an undisclosed amount.{{Cite web|title=Celonis process mining edges toward autonomous enterprise|url=https://searcherp.techtarget.com/news/252482474/Celonis-process-mining-edges-toward-autonomous-enterprise|access-date=2020-11-06|website=SearchERP|language=en}} Banyas technology was integrated into the Celonis platform to enable real-time connectivity to SAP.{{Cite web|title=Celonis pushes beyond process mining into automated workflow tooling|url=https://techcrunch.com/2020/04/28/celonis-moves-beyond-process-discovery-into-automated-workflow-tooling/|access-date=2020-11-06|website=TechCrunch|language=en-US}}

In October 2020, Celonis acquired Czech software startup Integromat.com for "over $100M".{{Cite web|title=Celonis acquires Czech startup Integromat to accelerate move to process automation|url=https://techcrunch.com/2020/10/14/celonis-acquires-czech-startup-integromat-to-accelerate-move-to-process-automation/|access-date=2020-11-06|website=TechCrunch|language=en-US}} Integromat, which has since changed its name to Make,{{Cite web |title=Integromat evolves to Make - our new brand and flagship platform |url=https://www.make.com/en/integromat-evolves-to-make |url-status=live |archive-url=https://web.archive.org/web/20220830174654/https://www.make.com/en/integromat-evolves-to-make |archive-date=2022-08-30 |website=Make, formerly Integromat}} sells an integration platform (iPaaS).{{Cite web|date=2020-07-28|title=Online Automation Platform Integromat Records 10X Growth With Emphasis on Project Management & Community Marketing|url=http://bwpeople.businessworld.in/article/Online-Automation-Platform-Integromat-Records-10X-Growth-With-Emphasis-on-Project-Management-Community-Marketing/28-07-2020-302292|url-status=live|access-date=2020-11-09|website=BW people|language=en|archive-url=https://web.archive.org/web/20200729012048/http://bwpeople.businessworld.in:80/article/Online-Automation-Platform-Integromat-Records-10X-Growth-With-Emphasis-on-Project-Management-Community-Marketing/28-07-2020-302292/ |archive-date=July 29, 2020 }}

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.{{Cite web|date=2021-10-06|title=Greek DataOps Startup Lenses gets acquired by enterprise software giant valued at $11B|url=https://therecursive.com/german-software-company-celonis-acquires-data-ops-startup-lenses-io-to-bring-real-time-data-to-business-operations/|access-date=2021-10-18|website=The Recursive|language=en-US}}

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.{{Cite web |date=2022-03-29 |title=Celonis acquires PAF to bring deep process mining capabilities closer to Microsoft users |url=https://diginomica.com/celonis-acquires-paf-bring-deep-process-mining-capabilities-closer-microsoft-users |access-date=2022-03-29 |website=diginomica.com |language=en}}{{cite web|url=https://www.computerworld.com/article/3646533/noteworthy-tech-acquisitions-2022.html|title=Noteworthy tech acquisitions 2022|website=Computer World|date=July 6, 2022|author=Charlotte Trueman|access-date=July 24, 2022}}

In October 2020, Celonis launched its Execution Management System (EMS),{{Cite web|date=2020-10-16|title=German software firm Celonis launches the market's first EMS|url=https://www.aeresearch.net/german-software-firm-celonis-launches-the-market-s-first-ems|access-date=2020-11-10|website=aeresearch.net|language=english}} a process analysis tool.{{Cite web|date=16 October 2020|title=Celonis onthult het eerste Execution Management System in de industrie|url=https://www.emerce.nl/wire/celonis-onthult-eerste-execution-management-system-industrie|url-status=live|access-date=2020-11-10|website=Emerce|language=nl|archive-url=https://web.archive.org/web/20201020224436/https://www.emerce.nl/wire/celonis-onthult-eerste-execution-management-system-industrie |archive-date=October 20, 2020 }}

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Category:Business software

Category:Software companies of Germany