November 21 - 16:11
Celonis hits $2.5 billion valuation
Data mining leader Celonis has received a new cash injection of $290 million. The company is now worth $2.5 billion. Its Series C funding round was led by Arena Holdings. Celonis uses AI to mine data and optimise business processes for clients including Siemens, Airbus and Vodafone. The Germany firm was only founded in 2011 after starting life as a college project.
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