21 November 2019:
Celonis announced that it has raised approximately $290 million in Series C round of funding. The company was valued at $2.5 billion in the funding. The funding round was led by Arena Holdings.
The company will use the fresh capital to to strengthen its U.S. and global sales and marketing efforts as well as to expand the Celonis platform.
The company had raised $27.5 million in Series A round of funding and $50 million in Series B round of funding.
Feroz Dewan, CEO of Arena Holdings, said, “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.”
Feroz Dewan, added, “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.”
Alexander Rinke, co-founder and co-CEO of Celonis, said, “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.”
Alexander Rinke, added, “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.”
Bastian Nominacher, co-founder and co-CEO of Celonis, said, “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. Their support bolsters our efforts as we build a great and enduring company that has a measurable impact on the success of our customers.”
(Image – Celonis)