Celonis Raises $50 Million Series B Funding from Accel and 83North at $1 Billion Valuation
Summary
NEW YORK & MUNICH--( BUSINESS WIRE )-- Celonis , the global market leader in process mining software, has raised $50 million in Series B funding from existing investors Accel and 83North, which values the company at $1 billion.Since opening its office in New York in September 2016 it has quickly added blue chip customers like Merck, Lockheed Martin, ExxonMobil and Uber to its roster.From day one, we have been extremely impressed with the company Alex, Bastian and Martin have built, and the market demand for what they have created has exceeded all expectations; Celonis’ rapidly-growing roster of multinational clients speaks to the company’s global potential.”Celonis ( www.celonis.com ) is a New York- and Munich-based enterprise software company that offers an Intelligent Business System based on the process mining technology it pioneered.Companies around the world including Siemens, GM, 3M, Bayer, Airbus and Vodafone rely on Celonis technology to guide them in creating new, automated business processes that save millions of dollars while delighting their customers with improved experiences.
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