Cognite provides cloud-based data and AI platforms for industrial companies to digitize and optimize operations. Its flagship Cognite Data Fusion connects OT, IT, and engineering data, unifying sensor data, maintenance logs, and 3D models into a real-time view of assets to improve performance and safety. Cognite Atlas AI is a low-code platform that lets engineers build AI agents for predictive maintenance, anomaly detection, and production optimization without deep coding. The company differentiates itself through deep cross-domain data integration for asset-heavy industries and a scalable cloud environment to accelerate industrial digitalization and deliver measurable value.
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2016
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Cognite reports $1 billion in verified AI value, confirming impact of Industrial AI solutions. 4 mins read One year after launching its $100B Moonshot, Cognite reaches major milestone, challenging traditional enterprise software metrics by focusing on bottom-line customer ROI PHOENIX-BUSINESS WIRE- Cognite, the global leader in Industrial AI, today announced that companies using its Industrial AI and Data Platform have unlocked more than $1 billion in verified, realized value. The milestone comes exactly one year after the company publicly announced its 10-year Moonshot at its customer conference - a strategic commitment to deliver $100 billion in quantifiable value to Cognite customers by 2035. While no other Industrial AI vendor has made such a commitment, Cognite believes aligning its own success metrics with how customers measure real-world impact is an important distinction that builds greater trust and mutual success. "Documenting $1 billion in verified value in just twelve months is a testament to the deep collaboration among our customers, partners, and the internal teams at Cognite that support them," said Girish Rishi, CEO of Cognite. "When we set out to couple our industry-leading Industrial AI and Data Platform with a rigorous, repeatable process for measuring real ROI, we knew the result would be meaningful, immediate, and compounding. We are deeply grateful to our global customers and partners for their trust and collaboration as they lead the way in transforming heavy industry." The $1 billion threshold represents more than an estimate; it's a pivotal proof point in Cognite's strategy to scale Industrial AI and DataOps across capital-intensive asset operations globally. As part of its implementation process, Cognite works with its customers to understand and measure the operational KPIs that are most meaningful to the customer and reflect the way they operate. A dedicated value team works with each customer to understand how those KPI improvements are impacting their business. In the 12 months since launching the Moonshot, Cognite and its customers identified billions in potential value and have now verified $1 billion ROI associated with operational metrics most often used by industrial companies, including: * Reducing Unplanned Downtime and Production Costs: Driving approximately 36% of value verified to date, customers are leveraging AI and automated workflows to prevent costly asset shutdowns across complex industrial operations, help them get back running when the unexpected happens, and lower the costs of running their operations. * Improving Frontline Productivity: Driving another 27% of value, customers are delivering instant, context-aware operational insight directly to field engineers, accelerating time-to-decision from hours to seconds. This allows frontline workers to make faster and better decisions, driving higher production yields and reducing costs. * Increasing Production: 26% of the value customers are realizing comes from increasing their overall production, via higher yields, faster cycle times, and eliminating throughput bottlenecks. * Creating Faster Time To Value: 10% of value is being derived from customers being able to deliver solutions across their complex operations faster than previous efforts. This acceleration pulls forward large amounts of value that would not have been possible while those solutions were being built. Ignos, a strategic Cognite partner, is already working with dozens of clients to build real-time performance and uptime tracking tools. Believing it's easier to get rid of something customers can see, Ignos launched "Mr. Off" - downtime with a face - to personify the disruption of unplanned downtime. "At Ignos we build for the people on the shop floor, and we see the factory as a learning organization," said Rolf Thu, Co-Founder and CTO at Ignos. "With Cognite, we connected 62 machines for one client in nine months and won back around 150 hours of machine uptime every day. When operators get the right data where they work, they create more. Cognite's focus on verified value matches how we measure it: on the plant floor." Realized value compounds and accelerates over time as each company continues to increase their use of the Cognite Industrial AI and Data Platform. In aggregate over the last 12 months, customers' knowledge graph scale and usage skyrocketed, including exceeding 107 trillion contextualized time-series data points - up more than 39%. In addition, the number of data modeling instances has doubled, and AI token usage has grown by more than 1000%. Since launching Cognite Flows Custom Apps earlier this year in May, customers have also built more than 1200 production-grade apps to scale AI workflows and unlock more value in their operations. All of these metrics serve as leading indicators toward achieving the $100 Billion Moonshot. "Industrial AI only delivers true value when it helps industrial companies solve high-stakes operational decisions and drive tangible impact," said Noriko Rzonca, Chief Digital Officer at COSMO Energy Holdings. "Together with Cognite, we are helping our teams use complex data to optimize asset performance and streamline operational decisions. Cognite's $1 billion in realized customer value is proof that an outcome-first approach works at scale, and we are proud to partner in shaping this new standard for industry." A New Model for Industrial Collaboration and Measurement of Success The $100 Billion Moonshot marks a fundamental shift from legacy enterprise software metrics, such as license seats, consumption curves, and pilots, towards a transparent model of measured, bottom-line business impact. Beyond software vendors measuring their own adoption rather than their customers' operational success, Cognite believes technology providers must also be held accountable for real-world performance, which is only possible when vendors and operators work side-by-side to co-validate material outcomes. To learn more about how Cognite partners with its customers to measure and verify realized value, read the latest blog. "Crossing $1 billion isn't just a victory for Cognite, it's a testament to the vision, discipline, and industrial industry leadership of our customers," said Justin Hester, Vice President of Customer Value at Cognite. "This milestone belongs to the plant managers, engineers, operational teams, and industrial leaders who use Cognite every day to prevent downtime, reduce energy usage, and run safer operations. We are incredibly grateful for their partnership in validating the impact AI is having on their businesses, and we remain committed to expanding our impact as we look forward to 2027 and beyond." About Cognite Cognite makes AI work for industry. Leading energy, manufacturing, life sciences, and power & renewables enterprises choose Cognite to deliver secure, trustworthy, and real-time data to transform their heavy-asset operations to be safer, more sustainable, and profitable. Cognite provides a user-friendly, secure, and scalable industrial AI and data platform that makes it easy for all decision-makers, from the field to remote operations centers, to access and understand complex industrial data, collaborate in real time, and build a better tomorrow. Visit Medianet at www.cognite.com, and follow Medianet on LinkedIn. Contact details: Media Contact: Robin Rees Corporate Communications [email protected] Media Outreach made fast, easy, simple. Feature your press release on Medianet's News Hub every time you distribute with Medianet. Pay per release or save with a subscription.
Cognite spotlights UAE Industrial AI momentum and honors regional leaders at Impact World Tour event in Abu Dhabi. By Business Wire India - Published on October 28, 2026 at 11:14 AM IST Business Wire India Cognite, the recognized global leader in Industrial AI, today announced the regional winners of its AI Impact Awards. Representatives from honorees ADNOC Gas and ADNOC Upstream joined nearly 200 senior leaders from energy, gas, and petrochemical organizations across the region at the latest stop on Cognite's 2026 Impact World Tour, which has already visited Houston, Oslo, Mumbai, and Tokyo, with more events scheduled through the end of the year. Celebrating Regional Leadership: The AI Impact Awards The AI Impact Awards Program celebrates achievements in AI-driven innovation, operational excellence, and the use of the Cognite Industrial AI and Data Platform to transform asset-heavy operations to be safer, more sustainable, and profitable. Cognite honors regional winners at World Tour events as part of the agenda's focus on real-world achievement in Industrial AI. This year's winners in the EMEA region include: * ADNOC Gas received the Impact Award for Enterprise Scale, recognizing the continued development and scaling of its Industrial Data Intelligence (IDI) platform to strengthen access to contextualized operational data and support the deployment of digital and AI-enabled solutions. * ADNOC Upstream received the Impact Award for Innovation in Production Optimization for its AiPSO project, which turns multi-source operational signals into a single, contextualized data foundation to optimize production workflows and resource efficiency in real time. These winners join a distinguished group of past Impact Awards honorees that includes Cognite partners Microsoft, Radix, and Rockwell Automation; as well as Cognite customers Aker BP, Cosmo Energy, International Paper, SLB, and others. Also On Hand: Industrial AI Innovators Sharing Their Expertise The World Tour agenda featured customer perspectives from two organizations advancing the adoption of Industrial AI: * Borouge International - Ghalib Al Afifi, Senior Vice President, Global AI & Digital, shared how the global petrochemicals company is scaling AI across its global footprint through strategic partnerships and workforce capability building. * ADNOC Offshore - Dr. Slahadin Al Ashair, Project Manager, Intelligent Operations Centre, discussed how its Digital Factory uses Cognite to power more than 11 AI-enabled digital twins through a Reality-Based Prescriptive Analytics (RB-PdsM) approach he helped pioneer. Deepening Cognite's Commitment to the UAE The Abu Dhabi event builds on Cognite's continued investment in the region. Last year, the company incorporated a dedicated UAE entity, establishing a local hub for expertise, technology, and customer support. The move reflects Cognite's commitment to its growing customer base across the Middle East as the UAE positions itself as a global leader in applied AI. "Customer innovation with Industrial AI and data is moving faster than ever, and value is being delivered at scale in more creative ways than we've ever seen," said Girish Rishi, CEO of Cognite. "The success we're celebrating in Abu Dhabi is a powerful example of what's possible when industrial leaders scale AI across their operations. Cognite remains committed to supporting the region's initiatives and helping them achieve true business impact." About the 2026 Impact World Tour The 2026 Impact World Tour is a global series of dynamic, one-day events designed for industrial leaders, data engineers, and ecosystem partners. Through interactive platform demonstrations, deep technical learning, and peer-led best practice discussions, attendees engage directly with Cognite experts and each other to build expertise in transforming complex data into production-ready AI solutions. The tour equips participants with the practical knowledge and connections necessary to drive real production efficiency and achieve transformative business impact. About Cognite Cognite makes AI work for industry. Leading energy, manufacturing, life sciences, and power and renewables enterprises choose Cognite to deliver secure, trustworthy, and real-time data to transform their asset-heavy operations to be safer, more sustainable, and profitable. Cognite provides a user-friendly, secure, and scalable industrial data & AI platform that makes it easy for all decision-makers, from the field to remote operations centers, to access and understand complex industrial data, collaborate in real time, and build a better tomorrow. Visit India Shorts at www.cognite.com, and follow India Shorts on LinkedIn. View source version on businesswire.com: https://www.businesswire.com/news/home/20261027075509/en/ Disclaimer: The above press release comes to you under an arrangement with Business Wire India. Publication takes no editorial responsibility for the same. Business Wire India, established in 2002, India's premier media distribution company ensures guaranteed media coverage through its network of 30+ cities and top news agencies.
Cognite named Marathon Petroleum's Supplier of the Year. Cognite, an industrial artificial intelligence and data technology company, has been named Corporate Supplier of the Year by Marathon Petroleum Corporation at the company's 11th Annual Supplier Recognition Awards. The recognition highlights Cognite's contribution to Marathon Petroleum's business performance and reflects the importance of supplier collaboration, technology innovation, and measurable business outcomes in the energy industry. Marathon Petroleum Corporation sponsors the Supplier Recognition Awards program to recognize suppliers whose products, services, and contributions have positively influenced the company's business throughout the previous calendar year. The annual program acknowledges the role of external partners in supporting operational performance, business objectives, and ongoing improvements across the organization. Cognite's selection as Corporate Supplier of the Year underscores its commitment to delivering practical value for industrial customers. As companies across the energy and manufacturing sectors increasingly adopt digital technologies, artificial intelligence, and industrial data solutions, partnerships with technology providers are becoming an important part of operational improvement strategies. Cognite emphasizes measurable customer value. Girish Rishi, chief executive officer of Cognite, said the recognition reflects the company's emphasis on delivering tangible results for customers. He explained that impact is one of Cognite's core values and that the company's performance is measured by the quantifiable value it creates for the organizations it serves. Rishi described the award from Marathon Petroleum as particularly meaningful because of the company's focus on innovation. He also expressed appreciation for the recognition, noting that the award represents an important achievement for the wider Cognite community. For industrial technology providers, delivering measurable customer outcomes is an important part of demonstrating the effectiveness of digital transformation initiatives. Energy companies operate complex assets, manage extensive industrial data, and face continuing demands to improve efficiency and decision-making. Technology partnerships can help these organizations connect information across operations and apply digital tools to business challenges. The recognition from Marathon Petroleum provides an example of how industrial companies acknowledge suppliers that contribute positively to their operations and broader business performance. Industrial AI and data technologies gain recognition. Cognite's latest award comes during a year in which the company has received several other industry recognitions for its work in industrial artificial intelligence, data operations, and technology innovation. In May 2026, Cognite ranked 15th on CNBC's Disruptor 50 list. The list recognizes venture-backed companies introducing innovative approaches across industries, including businesses experimenting with artificial intelligence and developing ways to implement the technology at scale. The recognition places Cognite among companies attracting attention for their approaches to innovation and the practical application of emerging technologies. Industrial organizations are increasingly exploring AI solutions to help employees work with complex operational information, improve access to data, and support decisions across industrial environments. For the energy sector, these capabilities are particularly relevant because operators must coordinate information from equipment, facilities, engineering systems, and business applications. Making that information accessible and useful can support more informed operational decisions. In April 2026, LNS Research positioned Cognite as a FrontRunner in its Solution Selection Matrix for Industrial AI Platforms. The assessment recognizes Cognite's position within the industrial AI technology landscape and adds to the company's list of industry acknowledgments during the year. Industrial AI platforms are designed to help organizations use data from industrial operations to support analytics, workflows, and decision-making. Their relevance continues to grow as businesses evaluate ways to integrate artificial intelligence into existing systems and operational processes. The recognition from LNS Research provides another indication of Cognite's standing in a market where industrial companies are assessing technology platforms that can support their digital initiatives. Recognition for Industrial data operations. Cognite also received recognition from IDC Research in March 2026. IDC ranked the company as a Leader in its MarketScape assessment for Worldwide Industrial DataOps Platforms. Industrial DataOps focuses on making industrial data more accessible, reliable, and usable across different systems and teams. Organizations often manage large volumes of information generated by operational technology, enterprise applications, equipment, and other industrial sources. Connecting these data sources can help reduce information barriers and improve the ability of employees to use operational insights. For energy companies, effective industrial data management can support asset performance monitoring, maintenance planning, production analysis, and operational coordination. However, realizing these benefits often requires organizations to address fragmented systems and differences in how information is collected, structured, and shared. Industrial DataOps platforms aim to address these challenges by improving the availability and usability of information across business and operational environments. Recognition in IDC's MarketScape highlights Cognite's position in this segment of the industrial technology market. Together, the IDC, LNS Research, and CNBC recognitions demonstrate the range of attention Cognite has received in 2026, spanning industrial data platforms, artificial intelligence, and technology-led business innovation. Supplier partnerships in the energy industry. Marathon Petroleum's Corporate Supplier of the Year award highlights the role suppliers play in supporting the company's business objectives. Large energy companies depend on a network of technology providers, equipment manufacturers, service companies, and other partners to maintain operations and pursue improvements. As the industry continues to evaluate digital transformation opportunities, suppliers offering industrial data and AI capabilities can contribute to initiatives aimed at improving how information is managed and applied. The value of these partnerships depends on their ability to address operational requirements and deliver results that customers can measure. Cognite's recognition reflects the importance of customer-focused performance in industrial technology relationships. Rather than relying solely on technological capabilities, suppliers must demonstrate how their solutions and services contribute to the priorities of the organizations they support. The award also adds to Cognite's broader record of recognition during 2026. Its placement on CNBC's Disruptor 50 list, its FrontRunner position in LNS Research's industrial AI assessment, and its Leader ranking in IDC's industrial DataOps evaluation collectively highlight its presence in several areas of the industrial technology market. Continuing focus on industrial innovation. The Corporate Supplier of the Year recognition from Marathon Petroleum represents a significant milestone for Cognite as industrial companies continue to assess how data and artificial intelligence can support business performance. Energy organizations face complex operational requirements, making the ability to access and use reliable industrial information increasingly important. Technology providers that help customers apply digital capabilities to real-world challenges can play a role in supporting these efforts. For Cognite, the award reinforces its stated commitment to measurable customer value and strengthens a year of recognition from industry and research organizations. The announcement also underscores the importance of collaboration between industrial operators and technology suppliers. As companies continue to explore industrial AI and data management solutions, customer outcomes and demonstrated business impact remain important measures of success. Through the latest recognition from Marathon Petroleum and its other industry distinctions in 2026, Cognite continues to establish its presence in the industrial technology sector, particularly in areas related to artificial intelligence, industrial data operations, and digital innovation.
Cognite earns Corporate Supplier of the Year Award from Marathon Petroleum Corporation. Business Wire Published Oct 21, 2026 PHOENIX - Cognite today announced it has been named Corporate Supplier of the Year winner in Marathon Petroleum Corporation's 11th Annual Supplier Recognition Awards. The Supplier Recognition Awards is a program sponsored by Marathon Petroleum Corporation to honor suppliers that positively impacted the company's business throughout the previous calendar year. "There's a reason 'Impact' is one of Cognite's most important core values," said Girish Rishi, CEO of Cognite. "For us, the ultimate measure of our performance is delivering quantifiable value for our customers. From that perspective, the Corporate Supplier of the Year award from Marathon is particularly meaningful. Marathon Petroleum is an innovator, and to receive this recognition is a great honor to the Cognite community." Story continues below The Supplier of the Year Award from Marathon is the latest honor Cognite has received in 2026: Top Stories Interested in more newsletters? Browse here. * In May, Cognite ranked 15th on CNBC's Disruptor50 list, honoring venture-backed companies innovating across industries, experimenting with AI and making it work at scale * In April, LNS Research positioned Cognite as a FrontRunner in its Solution Selection Matrix for Industrial AI Platforms * In March, IDC Research ranked Cognite a Leader in its MarketScape for Worldwide Industrial DataOps Platforms About Marathon Petroleum Corporation Marathon Petroleum Corporation (MPC) is a leading, integrated, downstream and midstream energy company headquartered in Findlay, Ohio. The company operates the nation's largest refining system. MPC's marketing system includes branded locations across the United States, including Marathon brand retail outlets. MPC also owns the general partner and majority limited partner interest in MPLX LP, a midstream company that owns and operates gathering, processing, and fractionation assets, as well as crude oil and light product transportation and logistics infrastructure. More information is available at www.marathonpetroleum.com. About Cognite Cognite makes AI work for industry. Leading energy, manufacturing, life sciences, and power and renewables enterprises choose Cognite to deliver secure, trustworthy, and real-time data to transform their asset-heavy operations to be safer, more sustainable, and profitable. Cognite provides a user-friendly, secure, and scalable industrial data & AI platform that makes it easy for all decision-makers, from the field to remote operations centers, to access and understand complex industrial data, collaborate in real time, and build a better tomorrow. Visit us at www.cognite.com, and follow us on LinkedIn. View source version on businesswire.com:
Taming Industrial AI Starts with Great Data. October 6, 2026 By Asha Suparna Technology Trends Cognite, a Gold Sponsor of ARC Advisory Group's 24th Annual ARC Industry Forum in Bengaluru, was represented by Ravi N. Mishra, Sr. Director - Sales (India), and Pawan Misra, Principal Designer for Data Integrations, Cognite India. In their presentation, Taming the Wild State of Industrial AI Starts with Great Data, they explored how contextualized industrial data can provide the foundation needed to move from basic AI assistants toward agentic workflows that support real operational tasks. Industrial companies have no shortage of AI models, copilots, and agents to experiment with. The harder problem is giving those systems the right industrial context. Operational information is typically distributed across historians, SCADA and control systems, maintenance applications, engineering documents, enterprise platforms, 3D models, and other repositories. Cognite's central argument is that AI model capability alone is not enough. Industrial AI depends on bringing these different forms of information together in a way that allows AI systems to understand the relationships between assets, processes, events, documents, and operational history. The presentation can be viewed on YouTube or here: Context is the bottleneck for Industrial AI. Cognite describes its own AI journey as progressing from general-purpose chat agents toward increasingly specialized and integrated workflows. An early phase used a single general-purpose chat agent, but the approach lacked the domain context and guardrails required for industrial applications. This progressed to task-specific agents designed for defined use cases, followed by deep research and ambient agents capable of handling more complex analytical tasks. The next step is agentic workflows that combine agents with generated applications and retain humans in the loop. Examples include root cause analysis, work package creation, operations summarization, quality investigation, and batch analytics. However, building the agent itself is only part of the challenge. Cognite identifies context as the bottleneck. Industrial data remains multimodal and siloed, while document-based retrieval-augmented generation and vector search may struggle to find the specific information required for complex industrial questions. The challenge is not simply locating data, but understanding how different pieces of information relate to one another. Cognite identifies grounding and industrial context, rather than AI model capability alone, as a key bottleneck when operational data remains distributed across multiple systems and formats. Building an Industrial Knowledge Graph. Industrial environments generate many different types of information. An individual asset may be represented in an equipment hierarchy, produce real-time time-series measurements, appear in engineering drawings and maintenance records, have associated work orders and inspection histories, and be represented in 3D models or images. These sources frequently use different naming conventions and schemas. Cognite Data Fusion is designed to connect these sources and contextualize them within an Industrial Knowledge Graph. The presentation showed information spanning assets, time series, events, engineering files, maintenance work orders, 2D and 3D information, and visual data being linked into a common industrial context. Cognite also emphasizes governance around that data foundation. Governed access controls determine who can access information, while an open, stable API allows organizations to use their own applications, agents, and AI models against the contextualized data. According to Cognite, its industrial data foundation can connect more than 100 IT, OT, and engineering technology sources, with the knowledge graph providing the layer that ingests, contextualizes, and governs the information. Cognite's Industrial Knowledge Graph connects operational, engineering, maintenance, and visual information to provide applications and AI agents with a common industrial context. From AI assistants to agentic workflows. Once that contextual foundation exists, AI can begin supporting more specific industrial workflows. Cognite identifies root cause analysis, work package generation, and shift handover as three practical starting points. The company says its root cause analysis approach can reduce time-to-cause from hours to minutes, while its shift-handover application can reduce meeting duration by 25 percent or more. The broader goal is not simply to make existing workflows faster. Cognite argues that agentic systems can begin changing how work is organized. Rather than an operator repeatedly searching multiple systems for information, an agent can monitor assets, retrieve relevant context, assemble information, and surface the cases that require human attention. This can also extend to application creation. Cognite Flows is designed to allow domain experts to create workflows, visualizations, and applications using AI, reducing their dependence on separate development teams for every new operational requirement. The human remains part of the process, but the distribution of work can change as agents take on more of the information gathering and orchestration. Root cause analysis in practice. Pawan Mishra demonstrated this approach through an AI-assisted root cause analysis workflow. The investigation began with a specific equipment problem and used multiple agents to retrieve and analyze relevant information. The workflow brought together equipment information, failure modes, time-series data, engineering drawings, maintenance history, work orders, notifications, shift reports, and other contextual data from the industrial data foundation. The agent could then systematically evaluate potential causes, document the supporting evidence, and generate an RCA report. Importantly, the workflow was designed to expose the evidence used in reaching a conclusion. This allows engineers to review the information and determine whether the agent's analysis is appropriate rather than treating the AI output as an unexplained answer. The workflow can also be adapted to an organization's existing RCA methodology, including established investigation and reporting processes. According to Cognite, the RCA demonstrated during the presentation could run in approximately 10 minutes. The company said the customer-specific workflow itself was built in approximately two and a half days once the underlying knowledge graph was already available. That qualification is important: the speed of building the AI workflow depends heavily on having the contextualized industrial data foundation already in place. Building the foundation for Industrial AI at scale. Cognite sees the same data foundation supporting increasingly sophisticated industrial AI. The company is currently collaborating on the training and testing of a time-series foundation model using a large multimodal and contextualized industrial dataset. The presentation cited 93 trillion time-series data points and 4.4 billion data-modeling instances as part of that foundation. The longer-term objective is to enable AI models that can work across different industrial assets while remaining grounded in operational context. For industrial organizations, however, the immediate lesson is more fundamental. The effectiveness of an AI agent depends on the quality of the information available to it and the relationships established between different sources of industrial data. Building additional copilots or choosing more capable models will not by itself solve fragmented asset hierarchies, inconsistent naming, disconnected engineering information, or inaccessible maintenance history. Industrial AI becomes more useful when those sources are connected, contextualized, governed, and made accessible to the systems that need them. As manufacturers and process industries move from isolated AI use cases toward agentic workflows, the competitive advantage may therefore come less from the model itself and more from the industrial knowledge foundation underneath it.
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Industries
Company Size
501-1,000
Company Stage
Acquired
Total Funding
$225.3M
Headquarters
Tempe, AZ
Founded
2016
Find jobs on Simplify and start your career today
Don't see your dream role? Check out thousands of other roles on Simplify.Browse all jobs