Celonis, a multinational provider of process mining and execution management software-as-a-service, continues to raise big money from its investors. In its latest round, the SaaS company has secured a whopping $1 billion in new capital from investors including the Qatar Investment Authority at an impressive $13 billion post-money valuation. The funding comes in the form of $400 million in equity and a five-year $600 million line of credit, bringing the late-stage startup’s total raised to $2.4 billion.
Based in Munich and New York City, Celonis has grown from a university project in 2011 to one of the most valuable private companies and startups. Its process mining platform uses automated actions to find process problems inside enterprise systems, but it also attempts to fix them automatically without users’ involvement. The company’s products have become popular as enterprises seek to make their processes more efficient and save money. Its sales have doubled since 2022, according to Co-Chief Executive Officer Alex Rinke. With its new capital infusion, Celonis is keeping its options open, considering future acquisitions and other expansions of its product line.
