Celonis Explained

Celonis SE
Type:Private company
Industry:Enterprise Software, Cloud Computing, SaaS
Founders:[1]
Locations:17
Num Locations Year:2021
Area Served:Worldwide
Num Employees:3,000+

Celonis SE is an [2] American-German data processing company that offers software as a service (SaaS) to improve business processes.[3] It is headquartered in Munich, Germany and New York, United States.[2] [4] [5]

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).[6] 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 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

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

Notes and References

  1. Web site: Company. live. 2021-07-09. Celonis. en. https://web.archive.org/web/20180817055719/https://www.celonis.com/company/ . August 17, 2018 .
  2. Web site: Celonis Continues High-Growth Expansion in the Nordics . 2020-11-02 . celonis.com.
  3. Web site: Rasch . Michael . 2021-07-02 . Decacorn Celonis: Der neue Stern in der Startup-Szene . de . The new highlight in the startup scene: The software company Celonis is the first German Decacorn . Neue Zürcher Zeitung.
  4. Web site: Celonis Continues Global Expansion with Opening of New Madrid Hub . 2022-09-17 . celonis.com.
  5. Web site: Celonis Legal . 2022-10-08 . Celonis . en.
  6. Web site: 2019-12-03. CELONIS - from start-up to world market leader. 2020-11-06. Technical University of Munich - School of Management. en-US.
  7. Web site: Magazin. E.-3. 2017-06-28. Process Mining mit künstlicher Intelligenz. 2020-11-09. E-3 Magazin. de-DE.
  8. Web site: 2017-05-02. SAP Startup Focus Drives Enterprise Innovation, Exceeds 5,500 Startup Members. 2020-11-09. SAP News Center. en-US.
  9. News: 2016-06-07 . Fast-growing German software start-up Celonis raises first outside funds . en . Reuters . 2023-04-26.
  10. Web site: SAP wordt reseller van Celonis process mining software Dutch IT-channel. 2020-11-09. dutchitchannel.nl. nl.
  11. Web site: 2015-09-17. Per Bootstrapping zum globalen SAP-Partner. 2020-11-09. Gründerszene Magazin. de.
  12. Web site: Celonis takes $27.5M led by Accel, 83North to grow the market for big data process mining. 2020-11-06. TechCrunch. en-US.
  13. Web site: 2018-06-26. Celonis scores $50M Series B on $1B valuation. 2020-11-06. TechCrunch. en-US.
  14. Web site: 2019-11-21. Celonis raises $290 million for AI-powered process mining at $2.5 billion valuation. 2020-11-06. VentureBeat. en-US.
  15. Web site: 2021-06-02. Celonis Raises $1 Billion At $11 Billion Valuation, Making It New York’s —And Germany’s — Most Valuable Startup. 2021-10-18. Forbes. en-US.
  16. News: 2022-08-23 . Qatar Wealth Fund Invests in Celonis at $13 Billion Valuation . en . Bloomberg.com . 2022-08-25.
  17. Web site: Celonis process mining edges toward autonomous enterprise. 2020-11-06. SearchERP. en.
  18. Web site: Celonis pushes beyond process mining into automated workflow tooling. 2020-11-06. TechCrunch. en-US.
  19. Web site: Celonis acquires Czech startup Integromat to accelerate move to process automation. 2020-11-06. TechCrunch. en-US.
  20. Web site: Integromat evolves to Make - our new brand and flagship platform . live . https://web.archive.org/web/20220830174654/https://www.make.com/en/integromat-evolves-to-make . 2022-08-30 . Make, formerly Integromat.
  21. Web site: 2020-07-28. Online Automation Platform Integromat Records 10X Growth With Emphasis on Project Management & Community Marketing. live. 2020-11-09. BW people. en. 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/ . July 29, 2020 .
  22. Web site: 2021-10-06. Greek DataOps Startup Lenses gets acquired by enterprise software giant valued at $11B. 2021-10-18. The Recursive. en-US.
  23. Web site: 2022-03-29 . Celonis acquires PAF to bring deep process mining capabilities closer to Microsoft users . 2022-03-29 . diginomica.com . en.
  24. Web site: Noteworthy tech acquisitions 2022. Computer World. July 6, 2022. Charlotte Trueman. July 24, 2022.
  25. Web site: 2020-10-16. German software firm Celonis launches the market's first EMS. 2020-11-10. aeresearch.net. english.
  26. Web site: 16 October 2020. Celonis onthult het eerste Execution Management System in de industrie. live. 2020-11-10. Emerce. nl. https://web.archive.org/web/20201020224436/https://www.emerce.nl/wire/celonis-onthult-eerste-execution-management-system-industrie . October 20, 2020 .

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