Cognite

Last updated
Cognite AS
IndustrySoftware
Founded2016;9 years ago (2016)
Headquarters Oslo,
Norway
Key people
Website cognite.com

Cognite AS is a Norwegian software as a service company with headquarters in Oslo, Norway [1] [2] and offices in Tokyo, [3] Houston and Austin. [4] [5] [6] The company provides software and industrial internet of things (IIoT) services to industrial companies.

Contents

Overview

Founded in 2016, Cognite AS offers a data operations and contextualization platform that puts raw data into real-world industrial context. [7] The company's main software product is Cognite Data Fusion (CDF). CDF is a cloud-based industrial DataOps platform that supports the digital transformation of heavy-asset industries such as oil and gas, power and utilities, renewable energy and manufacturing. [8] Cognite's Notable customers have included Aker BP, BP, Saudi Aramco, Alfa Laval, Statnett, Mitsubishi Heavy Industries, [9] [2] [10] and TechnipFMC. [4]

In 2021, Cognite raised $150 million in a Series B investment by TCV. According to the 2021 report of Nasdaq, Cognite was valued at $1.6 billion. [1] [11]

In February 2022, it was announced that Aramco Overseas, a subsidiary of Saudi Aramco, had acquired a 7.4% stake in Cognite by purchasing 100% of Aker BP’s shares in the company. [12] Aker BP was Cognite's largest customer. [13]

In April 2022, Girish Rishi, former CEO of Blue Yonder, succeeded John Markus Lervik as CEO. [14] Lervik shifted to the position of chief development and strategy officer. [14]

In August 2024, Cognite partnered with Radix to use AI to develop a more advanced data management system. [15]

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References

  1. 1 2 "Norway's Cognite valued at $1.6 bln in TCV funding round". Archived from the original on 2021-11-04. Retrieved October 30, 2021.
  2. 1 2 "'Spot' deployed on Aker BP's Skarv FPSO". Archived from the original on October 30, 2021. Retrieved October 30, 2021.
  3. ↑ "【Member Updates】Cognite K.K. - Japan Establishment Event". Archived from the original on October 31, 2021. Retrieved October 30, 2021.
  4. 1 2 "Energy-focused tech company to split U.S. HQ between Houston, Austin". Archived from the original on October 30, 2021. Retrieved October 30, 2021.
  5. ↑ "Cognite Innovates Industrial IoT Data Platform To Transform Heavy-Asset Industries". Forbes . Archived from the original on October 30, 2021. Retrieved October 30, 2021.
  6. ↑ "Turning Values Into Vision: How 4 Austin Companies Strive For the Future". Archived from the original on November 4, 2021. Retrieved October 30, 2021.
  7. ↑ "Nøkkelopplysninger fra Enhetsregisteret - Brønnøysundregistrene". w2.brreg.no. Retrieved 2022-06-15.
  8. ↑ "Cognite Signs New Agreement With bp to Provide Single Consolidated Data Layer for bp's Well Operations". Archived from the original on October 30, 2021. Retrieved October 30, 2021.
  9. ↑ "BP, Cognite in Multi-year Software Deal". Archived from the original on October 30, 2021. Retrieved October 30, 2021.
  10. ↑ "Aker ASA: Cognite and Aramco sign joint venture agreement". Archived from the original on November 4, 2021. Retrieved October 30, 2021.
  11. ↑ "Røkkes IT-selskap henter 1,2 milliarder i ny finansieringsrunde". e24.no (in Norwegian Bokmål). Retrieved 2022-06-15.
  12. ↑ "Saudi Aramco acquires 7.4% stake in industrial SaaS firm Cognite". Archived from the original on 2022-02-03. Retrieved 2022-02-03.
  13. ↑ "– Etterspørselen er mye større enn jeg drømte om". e24.no (in Norwegian Bokmål). Retrieved 2022-06-15.
  14. 1 2 Adomaitis, Nerijus (2022-04-04). "Cognite appoints new CEO as founder steps aside". Reuters. Retrieved 2022-04-21.
  15. ↑ "Radix and Cognite partner to deliver AI solutions". Hydrocarbon Engineering. 2024-08-01. Archived from the original on 2024-08-13. Retrieved 2024-11-18.


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