The 20 Largest Global Startup Funding Rounds of June 2021 alleywatch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from alleywatch.com Daily Mail and Mail on Sunday newspapers.
/PRNewswire/ Celonis, the global leader in execution management, today announced a $1 billion Series D round, increasing its post-money valuation to more.
Douglas Busvine
4 minute read
German based software company Celonis has raised $1 billion from investors to give the company a post-fundraising valuation of more than $11 billion, extending a record-stretching series of mega funding rounds by German technology startups.
Munich-based Celonis, founded a decade ago, has consistently doubled revenue from year to year and recently launched its Execution Management System product that crunches data to tackle problems and automate decision making.
The Celonis fundraising raise follows recent bumper rounds by online stockbroker Trade Republic, online insurer Wefox, and another Munich startup FlixMobility, which on Wednesday said it had raised $650 million.
On top of the Series D venture round, a record for a German technology startup, Celonis said it was hiring veteran Wall Street analyst and Google (GOOGL.O) executive Carlos Kirjner to become its chief financial officer.
Getty Images
We have already talked about what Execution Management Systems can do for you and why you should be paying attention to your execution capacity. Now we will dig into how you can get started with an Execution Management System by giving your people the necessary tools and mindset to start to truly unlock their execution capacity.
When companies wanted to uncover their biggest business process bottlenecks before, they would have to bring in armies of analysts and consultants for a months-long process. Those consultants would try to map the process reality from subjective user interviews, incomplete data and disparate, siloed enterprise systems. Now, thanks to technology from Celonis, organizations can start to connect those locked-away data points into a single view of key business processes immediately. Process Mining is the first step the technology delivers a real-time X-Ray of your business, and is the starting point for diagnosing your biggest execu