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 use. The company's goal is to help industries optimize their operations through advanced data management solutions.

Simplify's Take

What believers are saying

• Increased adoption of digital twins boosts demand for Cognite Data Fusion.
• Edge computing trends create opportunities for Cognite's data processing solutions.
• Growing sustainability focus aligns with Cognite's efficiency and sustainability capabilities.

What critics are saying

• Emerging industrial AI startups pose a threat to Cognite's market share.
• Rapid AI advancements may require Cognite to invest heavily in R&D.
• Economic downturns in key industries could reduce spending on digital transformation.

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 updates and improvements to clients.

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Funding

Total Funding

$219.2M

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