CELONIS RAISES APPROXIMATELY $290 MILLION TO EXTEND MARKET LEADERSHIP IN PROCESS EXCELLENCE SOFTWARE

München (ots) -

Valuation Reaches $2.5 Billion; Cash Flow Positive Since Founding
with Triple-Digit Growth

Celonis (https://www.celonis.com/), 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. 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.

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
(https://www.qualtrics.com/), as well as Tooey Courtemanche, founder and CEO of
Procore https://www.procore.com/). 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 capitalise 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."

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 (https://www.accel.com/) and 83North
(https://www.83north.com/), 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.

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.

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 optimisation 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"

About Celonis

Celonis (https://www.celonis.com/), the leader in Process Mining and Process
Excellence software, transforms data into insight and action. Its Intelligent
Business Cloud allows organisations 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.

Contact:

Isabell Horvath
PR Director Europe
Celonis SE
Theresienstrasse 6
80333 München
Tel.: +49 151 74639221
www.celonis.com
i.horvath@celonis.com

Additional content: https://www.presseportal.de/pm/138885/4446405
OTS: Celonis

Original-Content von: Celonis, übermittelt durch news aktuell