Tech

With a $13B valuation, Celonis defies current startup economics • TechCrunch


When Celonis, 11 years old German process mining company, announced $1 billion increase in August at an after-money valuation of $13.2 billion, which was a shock. After all, VC firms have retreated from last year’s huge gains and gaudy valuations.

But Celonis – raised $2.4 billion, each Crunchbasewith $2 billion coming in just last year – was able to challenge current thinking in the startup world by raising huge chunks of capital.

Consider that its valuation has skyrocketed 420% since 2019, when it increased $290 million at a $2.5 billion valuation. That was followed last year with $1 billion at a $11 billion valuationpeaked at a valuation of $13 billion in August.

Part of the reason it has become such a valuable company is that along the way, it has forged partnerships with giants like IBM and ServiceNow to sell its software, helping push Celonis into markets where even well-funded startups can be limited by resource requirements.

It can also fill the platform with some strategic acquisitions (more on that later).

Why are customers, investors and partners interested in Celonis?

Because Celonis, using software, it is possible to learn how processes move within a company, looking at complex areas like procurement, paying bills, inventory and looking for shortages. efficiency and duplication that can ultimately generate huge savings.

This is the kind of work that high-priced consultants tend to do, camping in companies for months or years and figuring out how the work moves through the organization while gathering the checks to do. do that work.

Having software that can replace human efficiency experts and, in short order, is a huge advantage.

kignews

Kig News: Update the world's latest breaking news online of the day, breaking news, politics, society today, international mainstream news .Updated news 24/7: Entertainment, Sports...at the World everyday world. Hot news, images, video clips that are updated quickly and reliably

Related Articles

Back to top button