Startups
Qatar Wealth Fund Invests in Celonis at $13 Billion Valuation
- Celonis secured $1 billion in financing, co-CEO says
- Money raised could be used to acquire other businesses
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Celonis, a software company based in Munich and New York, secured $1 billion in funding from backers including the Qatar Investment Authority to build out its business selling software that helps companies make their operations more efficient.
The company was valued at almost $13 billion as part of the round, which was sought amid rising demand for its data analysis products, Co-Chief Executive Officer Alex Rinke said in an interview. Worries about inflation and increasingly complex supply chains were driving new business, he said.