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.

Cognite AS
IndustrySoftware
Founded2016 (2016)
HeadquartersOslo,
Norway
Key people
Websitecognite.com

Overview

Founded in 2016, Cognite offers data operations and contextualization platform that puts raw data into real-world industrial context. 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.[7] Cognite's Notable customers have included Aker BP, BP, Saudi Aramco, Alfa Laval, Statnett, Mitsubishi Heavy Industries,[8][2][9] 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]

In February 2022, it was announced that Aramco Overseas, a subsidiary of Saudi Aramco, had acquired 7.4% stake in Cognite by purchasing 100% of Aker BP’s shares in the company.[10]

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.[11]

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". Retrieved October 30, 2021.
  6. "Turning Values Into Vision: How 4 Austin Companies Strive For the Future". Retrieved October 30, 2021.
  7. "Cognite Signs New Agreement With bp to Provide Single Consolidated Data Layer for bp's Well Operations". Retrieved October 30, 2021.
  8. "BP, Cognite in Multi-year Software Deal". Retrieved October 30, 2021.
  9. "Aker ASA: Cognite and Aramco sign joint venture agreement". Retrieved October 30, 2021.
  10. "Saudi Aramco acquires 7.4% stake in industrial SaaS firm Cognite". Retrieved 2022-02-03.
  11. Adomaitis, Nerijus (2022-04-04). "Cognite appoints new CEO as founder steps aside". Reuters. Retrieved 2022-04-21.


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