Cognite Explained

Cognite AS
Industry:Software
Hq Location:Oslo
Hq Location Country:Norway

Cognite AS is a Norwegian software as a service company with headquarters in Oslo, Norway[1] [2] and offices in Tokyo,[3] Houston and Austin.[4] [5] [6] The company provides software and industrial internet of things (IIoT) services to industrial companies.

Overview

Founded in 2016, Cognite offers a data operations and contextualization platform that puts raw data into real-world industrial context.[7] The company's main software product is Cognite Data Fusion (CDF). CDF is a cloud-based industrial DataOps platform that supports the digital transformation of heavy-asset industries such as oil and gas, power and utilities, renewable energy and manufacturing.[8] Cognite's Notable customers have included Aker BP, BP, Saudi Aramco, Alfa Laval, Statnett, Mitsubishi Heavy Industries,[9] [10] and TechnipFMC.

In 2021, Cognite raised $150 million in a Series B investment by TCV. According to the 2021 report of Nasdaq, Cognite was valued at $1.6 billion.[11]

In February 2022, it was announced that Aramco Overseas, a subsidiary of Saudi Aramco, had acquired a 7.4% stake in Cognite by purchasing 100% of Aker BP’s shares in the company.[12] Aker BP was Cognite's largest customer.[13]

In April 2022, Girish Rishi, former CEO of Blue Yonder, succeeded John Markus Lervik as CEO. Lervik shifted to the position of chief development and strategy officer.[14]

External links

Notes and References

  1. Web site: Norway's Cognite valued at $1.6 bln in TCV funding round. October 30, 2021.
  2. Web site: 'Spot' deployed on Aker BP's Skarv FPSO . October 30, 2021.
  3. Web site: 【Member Updates】Cognite K.K. - Japan Establishment Event. October 30, 2021.
  4. Web site: Energy-focused tech company to split U.S. HQ between Houston, Austin . October 30, 2021.
  5. Web site: Cognite Innovates Industrial IoT Data Platform To Transform Heavy-Asset Industries . . October 30, 2021.
  6. Web site: Turning Values Into Vision: How 4 Austin Companies Strive For the Future. October 30, 2021.
  7. Web site: Nøkkelopplysninger fra Enhetsregisteret - Brønnøysundregistrene . 2022-06-15 . w2.brreg.no.
  8. Web site: Cognite Signs New Agreement With bp to Provide Single Consolidated Data Layer for bp's Well Operations . October 30, 2021.
  9. Web site: BP, Cognite in Multi-year Software Deal . October 30, 2021.
  10. Web site: Aker ASA: Cognite and Aramco sign joint venture agreement. October 30, 2021.
  11. Web site: Røkkes IT-selskap henter 1,2 milliarder i ny finansieringsrunde . 2022-06-15 . e24.no . nb.
  12. Web site: Saudi Aramco acquires 7.4% stake in industrial SaaS firm Cognite. 2022-02-03. en-US.
  13. Web site: – Etterspørselen er mye større enn jeg drømte om . 2022-06-15 . e24.no . nb.
  14. Web site: Adomaitis . Nerijus . 2022-04-04 . Cognite appoints new CEO as founder steps aside . 2022-04-21 . Reuters . en-UK.

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