Cognite

Cognite

Industrial data management for asset-heavy industries

About Cognite

Simplify's Rating
Why Cognite is rated
B+
Rated B on Competitive Edge
Rated A on Growth Potential
Rated B on Rating Differentiation

Industries

Data & Analytics

Industrial & Manufacturing

Enterprise Software

Company Size

501-1,000

Company Stage

Series B

Total Funding

$219.2M

Headquarters

Bærum, Norway

Founded

2016

Overview

Cognite specializes in managing industrial data and facilitating digital transformation for asset-heavy industries like oil and gas, power and utilities, and manufacturing. Its main product, Cognite Data Fusion, integrates and organizes data from various sources, making it easier for businesses to analyze and utilize this information effectively. This process, known as data contextualization, enhances the relevance of data for better decision-making. Cognite operates on a software-as-a-service (SaaS) model, where clients subscribe to use the software, ensuring they receive continuous updates and improvements. This subscription model not only provides a steady revenue stream but also allows Cognite to offer consulting services to help clients optimize their software usage. The company's goal is to help industries optimize their operations through advanced data management solutions.

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Simplify's Take

What believers are saying

  • Cognite's focus on AI-driven predictive maintenance enhances operational efficiency.
  • The rise of digital twins offers expansion opportunities for Cognite's services.
  • Growing demand for real-time analytics strengthens Cognite's market position.

What critics are saying

  • Emerging startups threaten Cognite's market share with innovative solutions.
  • Rapid AI advancements may require Cognite to invest heavily in R&D.
  • Economic instability in key markets could reduce spending on digital projects.

What makes Cognite unique

  • Cognite Data Fusion integrates and contextualizes data for industrial applications.
  • Cognite serves asset-heavy industries like oil and gas, power, and manufacturing.
  • Cognite's SaaS model provides continuous software updates and improvements.

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Funding

Total Funding

$219.2M

Above

Industry Average

Funded Over

4 Rounds

Notable Investors:
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

$35M
$45M
Linktree
$65M
Substack
$100M
ClickUp
$150M
Cognite

Benefits

Competitive Compensation + 401(k) with employer matching

Health, Dental, Vision & Disability Coverages with premiums fully covered for employees and all dependents

Unlimited PTO + flexibility to enjoy it

Paid Parental Leave Program

Learning & Development Stipends

Global Mobility & Exchange Program

Company Paid Friday Lunch via DoorDash + Fully Stocked Fridges in the offices

Growth & Insights and Company News

Headcount

6 month growth

-1%

1 year growth

-2%

2 year growth

-2%
HR Tech Wire
Jan 21st, 2025
Cognite Appoints Alysa Taylor to Board of Directors

Cognite, the global leader in Data and AI for industry, announced today that Alysa Taylor, Microsoft's Chief Marketing Officer for Commercial Cloud and AI, will join its board of directors.

HR Tech Wire
Jan 16th, 2025
Cognite Recognized as a Leader in Industrial Data Management Solutions

Cognite, the global leader in AI for industry, today announced it has been named a Leader in the Verdantix Green Quadrant: Industrial Data Management Solutions 2025 report for providing a market-leading DataOps and AI platform for enterprise-scale, complex Industrial Data Management (IDM) projects.

Knowledge Gile
Oct 11th, 2024
Cognite Launches "Cognite Embedded" to Accelerate Innovation for Equipment Manufacturers and Industrial Software Builders

Cognite,the Data and AI authority for industry, today announced the launch of Cognite Embedded.

VIA
Sep 17th, 2024
Koch Ag & Energy Solutions Selects Cognite to Create Transformative Change in Operations Through Data Discovery & Contextualization

"Koch Ag & Energy Solutions, a visionary company, is committing to enhance operational efficiencies by harnessing the power of Industrial Data and AI, partnering with Cognite.

No Jitter
Sep 6th, 2024
No Jitter Roll: Kore.ai Launches AI Products, NinjaTechAI Enhances SuperGPT AI Assistant, and HARMAN Announces ForecastGPT

Also, HARMAN announces ForecastGPT, Cognite launches a new AI definitive guide, and RUCKUS Networks and Nokia collaborate for AI-drive Wi-Fi/fiber solution.

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