HomeCognite Closes on $150 Million in Funding – SiliconHillsTechCognite Closes on $150 Million in Funding – SiliconHills

Cognite Closes on $150 Million in Funding – SiliconHills


Cognite, an industrial software as a service company that has its U.S. headquarters in Austin, announced this week that it has closed on a $150 million investment round.

That funding round values the company at $1.6 billion, earning the company’s unicorn status.

TCV, a private equity firm, led the round in Cognite, founded in

2017, which is based in Oslo, Norway. Cognite opened its North American business in

2019 and has grown to over 40people, withmore than half of our

employees in Austin.

TCV has a broad network and

expertise in successfully scaling technology companies, including Netflix,

OSIsoft, Splunk, Airbnb and Spotify.

“Cognite is building the future by redefining modern industrial data management,” Jake Reynolds with TCV said in a news release.

Cognite has

products in data and artificial intelligence which help companies run their

operations more effectively. Its customers include bp, Saudi Aramco, Alfa

Laval, Statnett, and Mitsubishi.“Cognite

is on a strong trajectory to help transform industry, and since our founding

four yearsago,

we have managed to attract top global talent, and partner with top industrial

companies to accelerate modern industrial data management worldwide,” John

Markus Lervik, CEO and co-founder of Cognite, said in a news release.

Cognite continues rapid

expansion with over 500 employees across offices in Europe, the United States,Asia, and the Middle East.





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