The Munich technology company Celonis has secured new financing of one billion dollars. Celonis is getting $400 million from investors and can also access $600 million in credit provided by an international consortium of banks. With the recent expansion, the company’s valuation increases from previously eleven billion dollars to almost 13 billion dollars. With the additional money one can continue to grow quickly despite an economically difficult environment, it said. Celonis helps companies to improve their processes by analyzing the data and thus save costs. The investment is led by the Qatar Investment Authority and some new investors.
Technology – A billion dollars for Celonis – Economy
