Celonis Raises $290M and Hits $2.5B Valuation

by Tatum Hunter
November 21, 2019
Celonis hiring NYC
photo via celonis

There’s always room to get better when it comes to operational outcomes and efficiencies. At large companies, however, the sheer amount of data in systems like Salesforce can make it difficult to identify the areas with most potential for improvement.

Process mining company Celonis created AI-driven technology that integrates with a company’s existing operational systems to analyze event logs from finance, supply chain, IT, sales and customer service. The software finds workflow inefficiencies, recommends the best way to fix them and then continuously monitors the solutions.

Celonis announced today a $290 million Series C funding round that brings the company’s valuation to $2.5 billion, according to a statement. 

The round was led by Arena Holdings, with participation from principal investors including Qualtrics CEO Ryan Smith and Procore founder and CEO Tooey Courtemanche. The company will use the funding to expand the finance, supply chain and customer service features on its platform, VentureBeat reported, as well as grow its U.S. sales and marketing teams.

Celonis has headquarters in New York City and Munich and employs almost 800 globally after doubling its headcount last year, a representative told Built In. The company has remained profitable since its founding in 2011 by Bastian Nominacher, Alexander Rinke and Martin Klenk, and is growing its revenue more than 100 percent year over year.

It counts big names such as 3M, Airbus, Danaher, L’Oréal, Lufthansa, Siemens and Uber among its customers. 

Celonis’ total funding sits at $370 million, including a $27.5 million Series A round in 2016 and a $50 million Series B round last year.

NYC startup guides

Best Companies to Work for in NYC
Best Software Engineer Jobs in NYC
Coolest Tech Offices in NYC
Best Sales Jobs in NYC
Best Benefits at NYC Tech Companies
Best Data Analyst & Data Science Jobs in NYC
Best Design Jobs in NYC
Best Marketing Jobs in NYC
Developer Jobs
View 804 jobs
Design + UX Jobs
View 205 jobs
Marketing Jobs
View 306 jobs
Product Jobs
View 203 jobs
Sales Jobs
View 569 jobs
Data Jobs
View 297 jobs