Celonis completes US$50 million Series B financing

28 Jun 2018

Celonis completes US$50 million Series B financing

Titel: Celonis

Celonis, market leader in process mining, has received US$50 million in Series B financing from existing investors Accel and 83North with a US$1 billion company valuation. This makes Celonis one of the so-called unicorns. 

The company, which has been a member of Deutsche Börse Venture Network since June 2016, has exceeded its growth targets of US$27.5 million since the Series A investment in June 2016 and has been profitable since its inception. The main objective of the current investment is to accelerate the global expansion plans.

Celonis is a software company based in Munich and New York. Its software is based on process mining technology and helps companies to understand and improve operational processes. Its customers include companies such as Merck, Exxon, Shell and Deutsche Telekom.

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