About Celonis
Celonis was founded in 2011 by Alexander Rinke, Bastian Nominacher, and Martin Klenk, pioneering the "process mining" software category, which uses data already recorded within a company's existing IT systems, such as timestamps recording when specific steps in an order fulfillment or procurement process actually occurred, to reconstruct an accurate, data-driven picture of how business processes genuinely operate in practice, often revealing significant inefficiencies, bottlenecks, and deviations from a company's intended, officially documented processes.
Celonis's platform has been used by large enterprises to analyze and improve processes across procurement, supply chain, order-to-cash, and other core business operations, identifying specific process inefficiencies that, once corrected, can generate meaningful cost savings and operational improvements, with the company emphasizing that most large organizations have limited genuine visibility into how their processes actually function in practice versus how they are documented to function on paper. The company has increasingly positioned itself around "process intelligence" more broadly, incorporating AI-driven recommendations and automation capabilities that go beyond simply diagnosing process problems toward actively suggesting or implementing improvements, an evolution reflecting the broader industry shift toward more prescriptive, action-oriented enterprise software beyond pure analytics and diagnostics. Celonis has raised very substantial venture funding from investors including Softbank Vision Fund and Durable Capital Partners, reaching a valuation exceeding $13 billion at its peak, and remains one of the most prominent companies specifically in the process mining category, competing with process mining features increasingly incorporated into broader business intelligence and analytics platforms.
