PROCESS MINING PIONEER VALUED NEAR $13 BILLION 1,500+ ENTERPRISE CUSTOMERS WORLDWIDE FOUNDED 2011 IN A MUNICH APARTMENT $2.4B RAISED WHILE STILL PRIVATE SAYS IT SURFACED $1.2B+ IN CUSTOMER VALUE NOW BUILDING THE CONTEXT LAYER FOR AI AGENTS PROCESS MINING PIONEER VALUED NEAR $13 BILLION 1,500+ ENTERPRISE CUSTOMERS WORLDWIDE FOUNDED 2011 IN A MUNICH APARTMENT $2.4B RAISED WHILE STILL PRIVATE SAYS IT SURFACED $1.2B+ IN CUSTOMER VALUE NOW BUILDING THE CONTEXT LAYER FOR AI AGENTS
Company Dossier Enterprise Software · Munich / New York
Process Intelligence

Celonis reads how your business actually runs.

The company that turned the digital exhaust of SAP and Oracle into one of Europe's most valuable software firms.

2011
Founded
~$13B
Valuation
1,500+
Customers
~3,300
Employees
Celonis brand image

CELONIS. The brand mark of the Munich-born process mining company, photographed under low, raking light - the same angle it takes on the workflows most companies would rather not look at too closely.

Every company has two versions of itself: the one drawn in org charts and slide decks, and the one that actually happens - the reorders, the invoices paid twice, the approvals stuck in someone's inbox for eleven days. Celonis built a business on the gap between the two. Its software reads the event logs that enterprise systems already produce and reconstructs the real path work takes through a business, then puts a number on where that path goes wrong.

The technique is called process mining, and Celonis did more than adopt it - it commercialized the category. Systems like SAP, Oracle, Salesforce and ServiceNow stamp every action with an ID and a timestamp. Celonis stitches those breadcrumbs back into an end-to-end map: this purchase order was created here, changed three times there, and paid late for reasons no one had noticed.

The pitch to a chief financial officer is unglamorous and effective. Ask most executives where money is leaking in operations and you get a shrug and a spreadsheet. Celonis returns a map, a figure, and a fix - trapped working capital, duplicate payments, missed early-payment discounts, cash sitting in processes that never quite close.

What began as diagnosis has grown into action. The platform now simulates changes, triggers automations, and - in its latest incarnation - coordinates AI agents alongside people and existing systems. The company's argument for the AI era is blunt: an agent is only as useful as its understanding of how the business really works, and that understanding is exactly what Celonis sells.

"You can't improve a process you can't see."
The Celonis thesis, in six words
By The Numbers

The scale of it

$2.4B
Total Raised
20+
Countries
16+
Industries
$1.2B+
Claimed Customer Value

Figures are company-reported or drawn from public funding records; several are approximate.

Who Uses It

The customer list reads like the Fortune 500

Celonis sells to large global enterprises and mid-market firms across manufacturing, consumer goods, financial services, telecom, healthcare, logistics and the public sector. Its named customers include Siemens - which trialed the product in 2011, the year the company was founded - along with Coca-Cola, Deutsche Telekom, Dell Technologies, AstraZeneca, Johnson & Johnson, ASOS and PepsiCo.

More than 1,500 organizations run the platform. These are not quick wins; process mining lands in the parts of a business - procurement, accounts payable, order management, supply chain - where inefficiency is expensive and invisible.

The Problem

Inefficiency you can't point to

Trapped working capital

Cash sitting inside processes that stall - late payments, blocked orders, cancellations no one flagged.

Invisible rework

Steps repeated, changed and reversed thousands of times, buried in system logs nobody reads.

The map-vs-territory gap

The process everyone believes exists rarely matches the one the data records. Celonis grades the difference.

Products & Services

From mining to orchestration

Celonis moved from a diagnostic tool into a full platform that reconstructs, simulates and increasingly executes end-to-end processes.

SINCE 2011

Process Intelligence Platform

The core engine that mines event data from enterprise systems to rebuild processes and quantify inefficiency.

2023

Process Intelligence Graph

A living digital twin of operations, enriching raw system data with each customer's unique business context.

2025

Orchestration Engine

Coordinates AI agents alongside people and existing systems to run processes end-to-end; now generally available.

2025

Process Intelligence MCP Server

A Model Context Protocol server that feeds AI agents the operational context they need to act, not just answer.

2020

Studio & Apps

Low-code tooling and prebuilt applications for accounts payable, order management, inventory and supply chain.

LEGACY

Execution Management System

Earlier branding that paired process mining with action-oriented automation and what-if simulation.

The Edge

Why customers pick Celonis

Celonis created the process mining category and, for years, defined it. Rivals followed - SAP bought Signavio, UiPath, IBM and Microsoft all built or acquired their way in - which tells you the market is real and that being first is a head start, not a moat.

The differentiation Celonis leans on now is depth and neutrality: it reads across many source systems rather than favoring one vendor's stack, and its Process Intelligence Graph aims to be the reusable context layer that both humans and AI agents draw on. Analysts including Everest Group and Gartner have placed it among the leaders.

Business Model

Enterprise SaaS, sold on outcomes

Celonis is a B2B software company. It sells subscription access to its cloud platform on multi-year contracts, typically priced by scope and consumption, and surrounds it with prebuilt apps, professional services and a large ecosystem of consulting and integration partners such as Accenture, Deloitte and PwC.

The company likes to frame its own success in customer dollars saved - a sales motion built around provable value rather than seat counts. It has remained private through more than $2.4 billion of fundraising.

saasprocess miningai agentsenterprisedigital twinautomation
The Founders

Three from Munich

They met at the Technical University of Munich, found an academic paper on process mining during a consulting project, and turned it into a company.

CO-CEO & CO-FOUNDER

Alexander Rinke

Studied mathematics and computer science; leads the company alongside Nominacher and drives its commercial and product vision.

CO-CEO & CO-FOUNDER

Bastian Nominacher

Came from finance and information management; the third apartment where Celonis was born was his.

CTO & CO-FOUNDER

Martin Klenk

Studied math and computer science; the technical architect behind the platform's mining engine.

Funding History

Patient money, then a lot of it

Bootstrapped for five years on a TU Munich founder scholarship before its first outside round in 2016.

Series A · 2016
$27.5M
Series B · 2018
$50M
Series C · 2019
$290M
Series D · 2021
$1B
Series D-II · 2022
$400M

Investors have included Accel, 83North, Arena Holdings, Durable Capital Partners, T. Rowe Price and General Atlantic. The 2022 round set the valuation at roughly $13B.

Timeline

From apartment to platform

2011

Founded in a Munich apartment

Rinke, Nominacher and Klenk build Celonis around process mining; Siemens trials it the same year.

2016

First outside funding

After five bootstrapped years, a $27.5M Series A led by Accel and 83North.

2018

US expansion

A $50M Series B fuels a push into the US and a New York hub.

2019

Unicorn status

A $290M Series C values the company above $2.5B.

2021

$1B Series D

Process mining goes mainstream; valuation tops $11B.

2022

~$13B valuation

A $400M Series D-II led by General Atlantic.

2025

The agentic pivot

Launches an Orchestration Engine and an MCP server to make process intelligence the context layer for enterprise AI.

2026

Ikigai acquisition

Acquires the AI firm to deepen predictive and generative capabilities.

Latest Updates

What's new

2026-05

Acquired AI company Ikigai to strengthen predictive and generative capabilities.

2025-11

Opened a Korean HQ in Seoul and launched the first MCP server built for process intelligence.

2025-05

At Celonis Next 2025, unveiled a multimodal digital twin and a generally available Orchestration Engine.

Fun Facts

Details that stick

Ran with no outside funding for its first five years, on a university founder scholarship.

The whole idea came from stumbling onto an academic paper during a consulting project.

One of the rare enterprise category leaders headquartered in Germany, not Silicon Valley.

Watch

Interviews & demos

Founder interviews and product walkthroughs from Celonis's official channels.

YOUTUBE · CHANNEL
Celonis product demos & keynotes
YOUTUBE · SEARCH
Process mining explained & walkthroughs
YOUTUBE · INTERVIEW
Alexander Rinke, Co-CEO interviews
YOUTUBE · EVENT
Celonis Next 2025 keynote
FAQ

Questions people ask

What does Celonis actually do?

It reads the event logs your business systems (SAP, Oracle, Salesforce, ServiceNow and others) already produce, reconstructs how your processes truly run, then highlights bottlenecks, rework and inefficiency and helps fix them with automation and AI.

What is process mining?

A technique that uses timestamps and IDs in system data to rebuild the real sequence of steps in a business process, revealing how work actually flows versus how it's supposed to. Celonis pioneered the commercial market for it.

Who founded Celonis and when?

It was founded in 2011 by three Technical University of Munich graduates: Alexander Rinke and Bastian Nominacher (both Co-CEOs) and Martin Klenk (CTO).

How much is Celonis worth?

It was last valued at roughly $13 billion in August 2022 and has raised more than $2.4 billion in total funding while remaining private.

Who are Celonis's competitors?

Main rivals include SAP Signavio, UiPath Process Mining, IBM Process Mining, Microsoft Process Mining, ABBYY Timeline and Software AG's ARIS - many of whom entered the market Celonis created.