Introduction:
A cloud computing business called Celonis was established in Munich, Germany. The joint headquarters of Celonis is in New York and Munich. In 2019, Gartner identified Celonis as the market leader in Process Mining. Businesses and SMEs can enhance business processes by using the software that Celonis sells as a service. Business users can find process gaps using the Celonis Execution Management System (EMS), which also suggests corrective actions and automates processes. In 2019, the German President gave Celonis the German Future Prize.
You recently came upon the business Celonis, but you’re not really sure what it does. You’re curious about Celonis and have long since become lost in the vastness of the website without discovering any answers.
About:
A cloud computing business called Celonis was established in Munich, Germany. The joint headquarters of Celonis is in New York and Munich. In 2019, Gartner identified Celonis as the market leader in Process Mining[4].
Software as a service (SaaS) is a product that Celonis sells to businesses and SMEs to enhance business operations. Business users can find process gaps using the Celonis Execution Management System (EMS), which also suggests corrective actions and automates processes.
Process mining software has been created by Celonis. Process mining is a technology that enables data-based analysis of processes. You may record and evaluate processes like deliveries, productions, and even orders. This is done in order to identify inefficiencies and possible areas for improvement. It is nearly hard to know, much less understand, the complete process at a certain moment, particularly in large organizations with cross-departmental operations.
“Execution Management System” is the name of Celonis’ software. The automatic recording and mapping of digital operations are what this means in more detail. This will result in a wholly impartial and data-driven representation of the business’s internal operations. Typically, software like SAP already has the necessary data.
The next step should be to discover inefficiencies using a process visualization, such as manual operations that could be automated and, here’s where it gets interesting, automatically eliminated. This is really quite amazing. You can sign up with Celonis Snap for free if you want to try process mining for yourself. With the help of this free software program, anyone may conduct process mining.
A simple CSV file is all that is required for the software to generate a flowchart that explains the procedure in detail. The process flow is clearly recognizable, and you may be able to immediately determine what may be done more effectively.
Website : https://www.celonis.com/
Founder & Team:
As a spin-off from the Technical University of Munich, Alex Rinke, Bastian Nominacher, and Martin Klenk launched Celonis in 2011. (TUM). Celonis signed up for the SAP Startup Focus program in 2012, which serves as an incubator for analytics entrepreneurs creating new software on the SAP HANA platform.
History:
As a university spin-off from the Technical University of Munich, Alex Rinke, Bastian Nominacher, and Markin Klenk launched Celonis in 2011. (TUM). The Forbes Cloud 100 list placed Celonis at position #39 in 2020. In July 2015, Celonis secured a reseller agreement with SAP. In 2019, Celonis won the Gold Stevie Award for “Most Innovative Tech Company of the Year.”
Since then, SAP has rebranded Celonis as Celonis Process Mining by SAP. The first organization from the SAP Startup Focus program to secure a reseller contract with SAP was Celonis. Celonis signed up for the SAP Startup Focus program in 2012. The accelerator program for entrepreneurs using big data for real-time and predictive analytics is called SAP Startup Focus.
Name & Logo:
Celonis Highlight:
| Company Name | Celonis |
| Founders | Alex Rinke, Bastian Nominacher, and Martin Klenk |
| Started at | 2012 |
| Competitors | UiPath Business Automation Platform.IBM Process Mining.Bill.com.SAP Concur.Salesforce Sales Cloud.Invoiced.Sage Intacct.Looker. |
| Website | https://www.celonis.com/ |
| Revenue | $2.4 billion |
| Country | USA |
| Customer care Email | – |
| Customer care Contact details | – |
| Company Valuation | $13 billion |
| Industry | Tech |
| Headquarters | Munich, Germany, and New York, United States |
Revenue:
By taking on significant amounts of funding, Celonis—which, according to Crunchbase, has raised $2.4 billion, with $2 billion arriving in the last year alone—has been able to buck the prevailing wisdom in startup circles. Including a $50 million round from last year, the firm has now raised $77.5 million in venture financing, making it one of Europe’s newest unicorns. With 700 employees, Celonis is growing and hiring at a furious rate.
Funding & Investors:
Celonis got $27.5M in Series A fundraising in June 2016, with 83North and Accel as the lead investors. A further $50M in Series B capital worth $1B was given to Celonis in June 2018. Accel and 83North took the lead in the investment round. At a valuation of $2.5B, Celonis secured a $290M Series C fundraising round in November 2019. Arena Holdings, 83North, Accel, and a number of key investors, including Ryan Smith and Craig Courtemanche, led the investment round (founder of Procore).
Banyas, a Belgian software business, was purchased by Celonis in April 2019 for an unknown sum. For real-time SAP connectivity, Banyas technology was integrated into the Celonis platform. For “around $100M,” Celonis purchased the Czech software firm Integromat in October 2020. Selling an iPaaS platform, Integromat refers to itself as the “glue of the internet.” To further automation possibilities, the Integromat solution will be connected with the Celonis platform.
Business Model:
There is no data on it.
Services Offered thru Celonis:
Celonis introduced the Execution Management System in October 2020. (EMS). To reduce process complexity, the Celonis EMS combines analytics, strategy, management, action, and automation. The current process mining technology from Celonis is the foundation of the new EMS platform. The EMS platform’s release of the Celonis Studio enables partners and clients to create execution apps that can subsequently be sold through the EMS Store.
| Version | Release Date | Primary Deployment |
| Celonis Execution Management System (EMS) | Oct-20 | Public Cloud |
| Celonis Intelligent Business Cloud (IBC) | Oct-18 | Public Cloud |
| Celonis 4.0 | 2016 | On-premise |
| Celonis 3.0 | 201 | On-premise |
Awards & Recognition:
Businesses that have “attained escape velocity in terms of mindshare and relevancy” are honored with the Best Enterprise Software Startup award. Celonis received special recognition for its ability to unleash the execution capabilities of the Global 2000 and for helping it capture mindshare with the launch of its Execution Management System. Prior winners include Zoom, Workato, and Outreach.
Competitors:
Top 10 Alternatives to Celonis
- UiPath Business Automation Platform.
- IBM Process Mining.
- Bill.com.
- SAP Concur.
- Salesforce Sales Cloud.
- Invoiced.
- Sage Intacct.
- Looker.
Latest News:
- Celonis defies existing startup economics with a $13B valuation.
- Celonis, a provider of enterprise software, has raised $1 billion in a fresh round of funding, valuing the business at a staggering $11 billion.
Future Plans:
There is no data on it.
Some FAQs:
Is Celonis a startup?
Celonis became the most valuable startup in New York and Germany after raising $1 billion at an estimated valuation of $11 billion.
What is Celonis good for?
Businesses may increase execution capability across the enterprise in areas like customer operations, finance and administration, supply and distribution, and products and services, thanks to the Celonis EMS platform and execution applications.
How big is Celonis?
Celonis has more than 1,300 global employees and is headquartered in New York and Munich.
Is Celonis owned by SAP?
In order to serve SAP’s ERP ecosystem, Celonis, the company’s #1 Cloud Solution Extension Partner, has created a vast array of data connections, applications, and content.
Who are Celoni’s competitors?
Competitors and Alternatives to Celonis Execution Management System
IBM Process Mining.
UiPath Platform.
Fluxion Disco.
Scout Platform.
ARIS Process Mining 10.
What industry is Celonis?
Companies now have a new way to operate their business processes entirely on data and intelligence thanks to the Celonis Execution Management System.
Conclusion:
People view data as a tool for engineering insight, which is an issue. Rather than as a device to infuse the system with intelligence. People try to use the data for analysis or to help them decide better, but there is a limit to how much processing power a human brain has. Therefore, you require applications that are so intelligent that a human cannot even recognize them. Organizations must go toward that with their digital transformation.
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