BrandWikiReturn

Cognite

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

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. 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]

External links

References

  1. Norway's Cognite valued at $1.6 bln in TCV funding round retrieved October 30, 2021^
  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. 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, 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, retrieved 2022-06-15^
  14. Nerijus Adomaitis. Cognite appoints new CEO as founder steps aside Reuters, 2022-04-04, retrieved 2022-04-21^
  15. Radix and Cognite partner to deliver AI solutions Hydrocarbon Engineering, 2024-08-01, retrieved 2024-11-18^