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Cognite

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Cognite AS
IndustrySoftware
Founded2016; 8 years ago (2016)
HeadquartersOslo,
Norway
Key people
Websitecognite.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.

Overview

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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]

References

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  1. ^ a b "Norway's Cognite valued at $1.6 bln in TCV funding round". Retrieved October 30, 2021.
  2. ^ a b "'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. ^ a b "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. ^ a b 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. Retrieved 2024-11-18.
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