Overview

Cognite specializes in managing industrial data and facilitating digital transformation for industries that rely heavily on physical assets, such as oil and gas, power and utilities, and manufacturing. Its main product, Cognite Data Fusion, integrates data from various sources and organizes it in a meaningful way, making it easier for businesses to analyze and utilize this information for better decision-making. Unlike many competitors, Cognite operates on a software-as-a-service (SaaS) model, allowing clients to subscribe to its software rather than purchasing it outright. This model not only provides a consistent revenue stream but also ensures that clients receive ongoing updates and improvements. Cognite's goal is to help asset-heavy industries optimize their operations through effective data management and digital solutions.

Simplify's Take

What believers are saying

• Cognite's expansion into India enhances its global footprint and market reach.
• The rise of digital twins offers new opportunities for enhanced data integration.
• Growing demand for sustainability drives need for Cognite's data solutions.

What critics are saying

• Increased competition from local AI firms in India may threaten Cognite's expansion.
• Cognite's expansion in India may face regulatory compliance and talent acquisition challenges.
• High expectations from stakeholders may impact strategic decisions after Alysa Taylor's appointment.

What makes Cognite unique

• Cognite's flagship product, Cognite Data Fusion, excels in data contextualization for industries.
• The company supports full-scale digital transformation in heavy-asset industries globally.
• Cognite's SaaS model ensures continuous software updates and improvements for clients.

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Funding

Total Funding

$225.3M

Above

Industry Average

Funded Over

4 Rounds

Notable Investors:

Accel

Notable Investors:

Accel

$150,000,000

Series B

May 2021

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.

Series B Funding Comparison

Above Average

Industry standards

Ind Avg. $35M

$4M

$30M

$45M

$65M

$100M

$150M

View all funding stages