Process Mining Software
Updated: January 01, 2020
2019. Celonis, a leader in big data process mining for enterprises, nabs $290M
German company Celonis, a leader in the area of process mining — which tracks data produced by a company’s software, as well as how the software works, in order to provide guidance on what a company could and should do to improve it — has raised $290 million in a Series C round of funding, giving the startup a post-money valuation of $2.5 billion. The core of Celonis’ offering is to provide process mining around an organizations’ IT systems. In recent times, the company has started to expand the system into a wider set of use cases, by providing tools to monitor operations and customer experience, and to apply its process mining engine to a wider set of company sizes beyond large enterprises, and by bringing in more AI to its basic techniques.