Celonis company profile: valuation, funding & revenue

This Celonis company profile covers the company's valuation, revenue, funding rounds, investors and history. Celonis works in enterprise software, with a focus on process mining and intelligence. It was founded in 2011 and is headquartered in Munich, Germany. Its latest valuation on record is About US$13 billion (August 2022). Every figure links to a public source, and anything the company hasn't disclosed is marked as such.

Revenue

Funding history

Celonis timeline

Key dates from the sources on this page, oldest first. Metric snapshots are listed after the funding events.

• 2011 — Celonis is founded in Munich by Alexander Rinke, Bastian Nominacher and Martin Klenk.
• Jun 2021 — Series D: US$1B, valuing the company at US$11B.
• Aug 2022 — Series D extension: US$1B (US$400M equity plus US$600M credit facility), valuing the company at About US$13B. Investors: Qatar Investment Authority (lead).
• August 2022 — Sales growth: Sales doubled over the prior year, according to the co-CEO.

Investors

Overview

Celonis pioneered the commercial market for "process mining," software that analyses the digital footprints left in companies' business systems to show how work actually flows. When an order moves through a company, it leaves records in sales, warehouse, invoicing and payment systems. Celonis reconstructs that journey from the data and reveals where processes get stuck, where steps are repeated, where payments go out late or early, and where money is lost. It then suggests and automates fixes.

Alexander Rinke, Bastian Nominacher and Martin Klenk founded Celonis in 2011 while they were students in Munich. It has become one of Germany's most valuable private technology companies, with a large presence in New York as well as Munich.

What process mining does in practice

Imagine a large manufacturer whose orders take far longer to fulfil than expected. Managers might believe the problem is in the warehouse, while the data shows that orders actually wait days for a credit check, or are changed several times after entry, triggering rework. Process mining makes those patterns visible across millions of transactions. Typical uses include:

• speeding up order-to-cash processes so companies get paid faster,
• reducing late or duplicate payments in purchase-to-pay,
• cutting inventory and logistics costs in supply chains,
• finding automation opportunities in customer service and finance.

The value is often measured directly in working capital released and costs avoided, which makes the business case easy to quantify for large enterprises.

How Celonis makes money

Celonis sells enterprise software subscriptions, usually to large global companies, priced by scope and usage. Deals often start with one process, such as accounts payable, and expand to others as customers see results, which supports strong revenue growth from existing customers. It also works with consulting firms and system integrators, which help large customers implement process improvements.

Funding history

Celonis grew for years with relatively little outside capital before raising large rounds from global investors:

• June 2021, Series D: US$1 billion at an US$11 billion valuation.
• August 2022, Series D extension: US$1 billion led by the Qatar Investment Authority, made up of US$400 million in equity and a US$600 million credit facility, at a valuation of nearly US$13 billion. Celonis said it would invest in product innovation and pursue acquisitions in Europe. Co-CEO Alexander Rinke told Bloomberg that sales had doubled over the prior year.

Combining equity with a large credit facility is a sign of a company with substantial recurring revenue, since lenders need confidence in steady cash flows. Our guide to venture debt explains how growth companies use debt alongside equity.

Revenue: what's public

Celonis hasn't published its revenue in the sources we used. Third-party estimates exist but aren't company-reported, so we show revenue as not disclosed. The most recent company statement we found is the 2022 comment that sales had doubled year on year.

Competitive landscape

Process mining has become more crowded as large enterprise software companies have entered the market, including through acquisitions of process mining startups. Celonis competes with those large platforms, with specialist process mining vendors and with consulting-led approaches. Its strengths are its head start, its depth of process knowledge and its focus on measurable business outcomes. Its main challenge is that its largest competitors also own the core business systems from which process data comes, giving them a structural advantage. Celonis has been involved in legal action against one large software vendor over access to customer data, which highlights how important data access is to its business.

AI and process intelligence

Generative AI is changing how companies interact with business data. For Celonis, AI offers two opportunities: making process insights easier to access through natural language, and providing AI agents with an accurate picture of how processes really work, so they can act on reliable information. Celonis has positioned its process data as a foundation for enterprise AI, arguing that AI agents without process context will automate the wrong things.

What to watch next

Watch for revenue disclosures, the outcome of its legal disputes over data access, acquisitions, AI product launches and IPO plans. With its last priced valuation from 2022, a new financing event or listing would show how investors now value process mining.

Key facts at a glance

Celonis is a Munich process mining company founded in 2011 by Alexander Rinke, Bastian Nominacher and Martin Klenk. It raised US$1 billion at an US$11 billion valuation in June 2021 and a further US$1 billion in August 2022 (US$400 million equity and a US$600 million credit facility), led by the Qatar Investment Authority, at a valuation of nearly US$13 billion. Its co-CEO said sales had doubled over the prior year at that time.

Questions to ask before buying process mining software

• Which of our business systems can it connect to, and how much data preparation is needed?
• Which processes should we start with to show measurable value quickly?
• How are results measured, for example in working capital released or costs avoided?
• Who will act on the insights, and how will changes be implemented?

Many projects fail not because the analysis is wrong, but because no one owns the follow-up. Plan the change management alongside the software.

Companies that succeed with process mining usually appoint a clear owner for each process, review findings on a regular schedule, and link improvements to specific financial targets that leadership tracks.

Why Celonis matters to European tech

Celonis is one of the clearest examples of a European enterprise software company competing globally against much larger American vendors. It shows that a company can build category leadership from Germany by targeting large multinational customers from the beginning, and by locating senior commercial teams in the US to win American enterprises. Its eventual outcome, whether an IPO or a sale, will be a key benchmark for European B2B software.

Investors and founders across Europe watch it closely for that reason.

Its next move will matter.

What this means if you're…

An operations or finance leader: start with one high-value process, measure the baseline, and track results before expanding.

Selling to Celonis customers: companies investing in process mining often buy automation, data integration and consulting services to act on what they find.

A European founder: Celonis shows how a company can build global scale from Germany by targeting large international enterprises from early on.

Latest developments (October 2026)

German financial media reported in 2026 that Celonis was preparing a possible listing, potentially in the US, at a valuation of about US$11 billion to US$13 billion; we found no confirmed filing as of October 2026. Its US lawsuit accusing SAP of using its market power to restrict access to data continues: a court partially dismissed antitrust claims in October 2025, Celonis filed an amended complaint, and a trial was reported to be scheduled for December 2026, according to Process Excellence Network. Its last priced round remains the 2022 round at about US$13 billion.

Sources

Every figure on this page comes from the public sources below. Where sources disagreed, we used the company's own announcement or a primary news report. Private-company data changes; check the date beside each figure.

1. Tech.eu
2. BNN Bloomberg