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Celonis

“Can a process intelligence platform become the execution layer that closes the gap between enterprise system-of-record data and actual business outcomes — including embedding financial automation into P2P and O2C workflows?”

Founded2011
HQMunich, Germany (with US HQ in New York)
FoundersAlexander Rinke, Bastian Nominacher, Martin Klenk
Total raised~$2.4B+
Latest roundSeries D Extension, August 2022
Valuation~$13B post-money (August 2022)
IndustryVertical SaaS / Process Intelligence

The story

Founded in 2011 as a process mining software company, Celonis evolved from a tool helping enterprises visualize operational inefficiencies into a full 'Execution Management System' (EMS) by 2021, enabling companies to not just see but act on process breakdowns in real time. The company has steadily moved upmarket into large enterprise deployments (2,500+ globally) while building out a Finance Solution Suite focused on P2P and O2C workflows. The 2022 Stripe partnership signals an intent to embed payments and financial infrastructure capabilities directly into its platform, moving Celonis from pure SaaS analytics toward an execution layer with embedded finance components.

Last 12 months

2022-02

Celonis and Stripe announced a mutual technology adoption agreement: Celonis uses Stripe for payments, and Stripe deploys Celonis EMS to improve its own onboarding processes.

2022-08

Celonis secured $1B in new liquidity: $400M Series D extension at ~$13B valuation led by Qatar Investment Authority, plus up to $600M revolving credit facility.

Product timeline

2011

Founded in Munich as a process mining software company by three university students to help enterprises reduce operational inefficiencies.· pivot

2016

Raised Series A ($27.5M) led by Accel to scale process mining technology commercially.· banking

2019

Reached unicorn status ($1B valuation) with Series B raise of $50M.· pivot

2021

Raised $1B Series D at $11B valuation; rebranded product offering as the 'Execution Management System' (EMS).· pivot

2022

Raised $400M Series D extension plus $600M credit facility at ~$13B valuation; announced technology partnership with Stripe to power payments for Celonis customers.· pivot

2023

Launched the Celonis Finance Solution Suite targeting Purchase-to-Pay and Order-to-Cash process intelligence for enterprise finance teams.· pivot

The stack

Payments / PSP

Stripe

Accounting

Oracle NetSuite

Accounting gap: minor