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|Privately held company|
Cognite is a global industrial software-as-a-service (SaaS) company headquartered in Oslo, Norway. In addition, Cognite operates offices in Tokyo, Japan, and Austin and Houston, Texas.
Cognite was founded in 2017 by Dr. John Markus Lervik, who is now Cognite's CEO; Stein Danielsen, Cognite's Chief Solutions Officer; and Geir Engdahl, Cognite's CTO.
Cognite software is used in oil and gas, power and utilities, renewable energy, manufacturing, and other asset-heavy industries. Cognite has developed and runs its Industrial DataOps platform, Cognite Data Fusion™, which, the company says enables data and domain users to collaborate in order to develop, operationalize, and scale industrial AI solutions and applications.
In May 2021, Cognite raised $150 million in a Series B investment by TCV (investment firm)|TCV, a technology-focused growth equity firm, marking one of the largest private funding rounds for a SaaS company in Europe. In October 2020, prior to raising capital from TCV, Cognite also raised an undisclosed multi-million dollar amount from major global venture capital firm, Accel (company)|Accel.
Cognite is today valued at approximately $1.6 billion.
Some of Cognite's customers include BP|bp, Statnett, Aarbakke, Aker Offshore Wind, OMV, Lundin Energy, Sumitomo Group|Sumitomo, Wintershall Dea, Aker BP, and Aker Solutions.
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