Cognite
 | This article may rely excessively on sources too closely associated with the subject, potentially preventing it from being verifiable and neutral. (January 2022) |
 | |
| Industry | Software |
|---|---|
| Founded | 2016 |
| Headquarters | Phoenix, Arizona, United States |
Key people |
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Number of employees | 367 (2026)  |
| 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.
Overview
[edit]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]
On June 30th 2026, Schneider Electric announced an agreement to acquire Cognite for $3.1 billion.[16][17]
References
[edit]- 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.
- 1 2 "'Spot' deployed on Aker BP's Skarv FPSO". Archived from the original on October 30, 2021. Retrieved October 30, 2021.
- ↑ "【Member Updates】Cognite K.K. - Japan Establishment Event". Archived from the original on October 31, 2021. Retrieved October 30, 2021.
- 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.
- ↑ "Cognite Innovates Industrial IoT Data Platform To Transform Heavy-Asset Industries". Forbes. Archived from the original on October 30, 2021. Retrieved October 30, 2021.
- ↑ "Turning Values Into Vision: How 4 Austin Companies Strive For the Future". Archived from the original on November 4, 2021. Retrieved October 30, 2021.
- ↑ "Nøkkelopplysninger fra Enhetsregisteret - Brønnøysundregistrene". w2.brreg.no. Retrieved 2022-06-15.
- ↑ "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.
- ↑ "BP, Cognite in Multi-year Software Deal". Archived from the original on October 30, 2021. Retrieved October 30, 2021.
- ↑ "Aker ASA: Cognite and Aramco sign joint venture agreement". Archived from the original on November 4, 2021. Retrieved October 30, 2021.
- ↑ "Røkkes IT-selskap henter 1,2 milliarder i ny finansieringsrunde". e24.no (in Norwegian Bokmål). Retrieved 2022-06-15.
- ↑ "Saudi Aramco acquires 7.4% stake in industrial SaaS firm Cognite". Archived from the original on 2022-02-03. Retrieved 2022-02-03.
- ↑ "– Etterspørselen er mye større enn jeg drømte om". e24.no (in Norwegian Bokmål). Retrieved 2022-06-15.
- 1 2 Adomaitis, Nerijus (2022-04-04). "Cognite appoints new CEO as founder steps aside". Reuters. Retrieved 2022-04-21.
- ↑ "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.
- ↑ "Schneider Electric to buy AI software firm Cognite for $3.1 billion | live". live.euronext.com. Retrieved 2026-07-01.
- ↑ "Schneider Electric announces agreement to acquire Cognite, unlocking a new level of strategic intelligence for Industrial AI". www.cognite.com. Retrieved 2026-07-01.
External links
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