• Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Press Release Distribution
  • Media Releases
  • Technologies
    • Market Reports
    • Technology Events
  • About
  • Contact

3V.org, the essence of public relations

PR agency servicing startup companies and venture capital firms

Celonis, the market leader in AI-enhanced Process Mining and Process Excellence software, raised $290 million in Series C funding

November 21, 2019 By admin

Celonis, the market leader in AI-enhanced Process Mining and Process Excellence software, announced that it raised approximately $290 million in Series C funding, valuing the company at $2.5 billion. The Series C funding brings the total investment in Celonis to approximately $370 million following the June 2016 Series A ($27.5 million) and the June 2018 Series B ($50 million) led by Accel and 83North, which also participated in the latest round. The company plans to use the new capital to strengthen its U.S. and global sales and marketing efforts as well as to expand the Celonis platform. Leading global enterprises including 3M, Airbus, Danaher, L’Oréal, Lufthansa, Siemens, and Uber rely on Celonis to improve the efficiency of their finance, supply chain, IT, sales, and customer service functions.

Celonis leverages customers’ multi-billion-dollar legacy IT investments by connecting seamlessly to their existing infrastructure and providing real time control and visibility on process optimization opportunities. Using Celonis, L’Oréal improved their order to cash efficiency rate by three times and are aiming even higher; Lufthansa increased on-time flights for eight million passengers; and Deutsche Telekom saved millions of euros improving processes in payments, purchase orders and deliveries.

“We are gratified by the endorsement from our partners and look forward to working with them as we position Celonis for long-term growth and profitability,” said Bastian Nominacher, co-founder and co-CEO of Celonis. “Their support bolsters our efforts as we build a great and enduring company that has a measurable impact on the success of our customers.”

Arena Holdings led the round alongside a group of principal investors and established entrepreneurs who have successfully scaled profitable, high-growth businesses. The group includes Ryan Smith, co-founder and CEO of Qualtrics, as well as Tooey Courtemanche, founder and CEO of Procore. Smith will serve as a special advisor to the company and work closely with Celonis board member and Hybris founder, Carsten Thoma.

“Celonis is the clear market leader in a category with open-ended potential. It has demonstrated an enviable record of growth and value creation for its customers and partners,” said Feroz Dewan, CEO of Arena Holdings. “Celonis helps companies capitalize on two inexorable trends that cut across geography and industry: the use of data to enable faster, better decision-making and the desire for all businesses to operate at their full potential.”

Celonis delivers significant business value by enabling companies to discover inefficiencies across a range of operational functions, act to improve businesses processes in real time and continually monitor them to ensure optimal performance.

“Process Mining performs an X-ray on every operational process, allowing companies to discover inefficiencies and clearly identify recommended actions to streamline processes, save money and improve customer experience,” said Alexander Rinke, co-founder and co-CEO of Celonis. “We are the best in the world at Process Mining and, just as importantly, we are now leading the way in Process Excellence, which is essential to every company’s ability to stay competitive.”

Celonis has been cash flow positive every year since it was founded in 2011 and continues to grow at a triple-digit pace.

About Celonis
Celonis, the leader in Process Mining and Process Excellence software, transforms data into insight and action. Its Intelligent Business Cloud allows organizations to rapidly understand and improve the operational backbone of their businesses. Companies around the world including Siemens, 3M, Airbus and Vodafone rely on Celonis to guide action and drive change to business processes, resulting in millions of dollars of cost savings and improved customer experiences. The company is based in Munich and New York.

Related

Filed Under: PR Tagged With: ai

Reader Interactions

Primary Sidebar

Featured Market Research

  • Software Defined Digital Camera Market Forecast
  • Multiple Lens Digital Camera Market Scenario
  • Smart City Technologies, Market Analysis Datasets
  • Impact of Pixel Shift Technology on Digital Camera Market
  • Electric Vehicle (EV) Market Analysis: BEV Versus Fuel Cell
  • Fast Network Interface Cards (FastNICs), Market Analysis
  • Nuclear Fission Infrastructure, Market Analysis
  • Fuel Cell Powered Marine Propulsion, Market Analysis
  • CO2 to Liquid Fuel, Market Analysis
  • KV (Key Value) Storage Device Market is Here, Almost
  • The Addressable Telepresence Robotics Market Analysis
  • RISC-V and Open POWER Instruction Set Architecture (ISA) Fortunes are Rising, Market Analysis
  • Digital Camera Market Skydiving, Market Analysis
  • Smartphone As an Universal Personal Computing Platform, Market Scenario
  • Deception Cybersecurity Market Forecast
  • Machine Vision Market Undergoing Revolution
  • DevOps & Microservice Ecosystem Market Forecast
  • U.S. Federal Cybersecurity Market Forecast
  • Quantum Computing Market Forecast
  • Modernization of U.S. Federal Government IT, Market Scenario
  • Face Recognition Technology Moves to the Edge
  • Electromagnetic Railgun Market Forecast
  • Virtual Event Market Forecast
  • Digital Camera Market is Going Through Interesting Times
  • Saudi Arabia Mass Surveillance Market Forecast
  • Worldwide High Performance Computing (HPC) Market Forecast
  • U.S. Military Unmanned Aerial Vehicles (UAV) Market Forecast
  • Ultracapacitor Market Forecast
  • U.S. Federal Government Mass Media Market Forecast

Email Subscription

Enter your email address to subscribe and receive notifications of new posts by email.

Footer

Popular Posts

  • Livionex Pharma Raises $4 Million Series A at a $180 Million Valuation to Address Unmet Medical Needs in Periodontitis, Cataracts and Herpes Simplex Virus
  • The EV market is set to grow rapidly and the UK government has stated that 50% of new car sales will be EVs by 2030 which will see nine million EVs on the road
  • Construction Technology Firm Disperse Raises $15 Million in Series A Funding
  • ODYSSEA Project to Hold Special Training Seminar on the Usage of Its Underwater SeaExplorer Glider: The training will enable technical staff of partners operating ODYSSEA observatories to learn how to use the innovative glider ahead of the summer launch of operations in the eastern and southern Mediterranean Sea
  • Scopely, a leading company in the fast-growing mobile games space, raises $200M in Series D financing round of strategic financing to expand portfolio through acquisitions and investments

Media Channels

  • Technologies
  • Opinion
  • Editorials
  • Technology Conferences
  • ESN, event sharing network
  • Exclusive
  • Event Calendar
  • Cyber Security Market
  • Defense Market Market

Technical Support

  • Prints
  • Photo Gallery
  • Press Media Release

A Bill of Rights for Users of the Social Web | Copyright © 2018 3V.org