Celonis becomes Germany's most valuable VC-backed company with $1B Series D

Celonis has raised $1 billion in a round led by Durable Capital Partners and T. Rowe Price. The Series D values the Munich-based software provider at over $11 billion and makes it Germany's most valuable venture-backed company. Celonis' process mining software lets clients analyze their operations to identify inefficiencies and streamline processes. The company was valued at $2.5 billion in 2019 following its $290 million Series C.

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