Celonis, a Munich, Germany- and New York City, USA-based execution management company, raised $1 billion in Series D funding.
The round, which increased its post-money valuation to more than $11 billion, was led new investors Durable Capital Partners LP and T. Rowe Price Associates, with participation from Franklin Templeton, Splunk Ventures and a group of principal investors and existing investors including Arena Holdings.
Led by Alex Rinke and Bastian Nominacher, Celonis provides an Execution Management System (EMS), which gives companies a modern way to run their business processes entirely on data and intelligence. The Celonis Execution Management System provides a set of applications, and developer studio and platform capabilities for business executives and users to eliminate billions in corporate inefficiencies. The company has thousands of customers, including ABB, AstraZeneca, Bosch, Coca-Cola, Citibank, Danaher Corporation, Dell, GSK, John Deere, L’Oréal, Siemens, Uber, Vodafone and Whirlpool.
Celonis, which has 15 offices worldwide, also appointed Carlos Kirjner as Chief Financial Officer, who will be responsible for the global finance organization and strategy. Kirjner most recently served as vice president of finance at Google, where he led finance for business and product areas generating about $150 billion annually in revenue and was responsible for tens of thousands of employees. He covered Google’s advertising business, including engineering and sales; Google Search; and Google Maps. Before Google, Kirjner worked at Sanford C. Bernstein & Co. He started his career at McKinsey & Co. in the late 1990s, where he was a partner in the tech and telecom practices.