Cognite

Last updated
Cognite AS
IndustrySoftware
Founded2016;7 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 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. Lervik shifted to the position of chief development and strategy officer. [14]

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References

  1. 1 2 "Norway's Cognite valued at $1.6 bln in TCV funding round" . Retrieved October 30, 2021.
  2. 1 2 "'Spot' deployed on Aker BP's Skarv FPSO" . Retrieved October 30, 2021.
  3. "【Member Updates】Cognite K.K. - Japan Establishment Event" . Retrieved October 30, 2021.
  4. 1 2 "Energy-focused tech company to split U.S. HQ between Houston, Austin" . Retrieved October 30, 2021.
  5. "Cognite Innovates Industrial IoT Data Platform To Transform Heavy-Asset Industries". Forbes . Retrieved October 30, 2021.
  6. "Turning Values Into Vision: How 4 Austin Companies Strive For the Future" . 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" . Retrieved October 30, 2021.
  9. "BP, Cognite in Multi-year Software Deal" . Retrieved October 30, 2021.
  10. "Aker ASA: Cognite and Aramco sign joint venture agreement" . 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" . Retrieved 2022-02-03.
  13. "– Etterspørselen er mye større enn jeg drømte om". e24.no (in Norwegian Bokmål). Retrieved 2022-06-15.
  14. Adomaitis, Nerijus (2022-04-04). "Cognite appoints new CEO as founder steps aside". Reuters. Retrieved 2022-04-21.