The Munich-based unicorn startup Celonis was awarded the Corporate Finance Award 2019 in the 'Digital' category by the management consultancy PwC and the Börsen-Zeitung. The jury particularly praised the successful company development and the latest financing round of $290 million, which gave Celonis an enterprise value of $2.5 billion last year.
The Celonis technology uses intelligent algorithms and artificial intelligence to identify weaknesses in business processes.
Corporate Finance Award was presented virtually
"We are delighted to receive this award, which recognizes our rapid and highly successful development over the past few years as well as our Series C financing round last fall. This is of enormous strategic importance to us and enables us to consistently pursue product innovation and global expansion and further expand our position as market leader,"
says Bastian Nominacher, Co-CEO and co-founder of Celonis.
Due to the Corona pandemic, the Corporate Finance Award was presented for the first time this year as part of a virtual event with all award winners.
Bastian Nominacher in a video interview
Last year, Celonis co-founder Bastian Nominacher In a video interview with Munich Startup, he explains how his company aligns its ever-growing workforce around a common goal while maintaining a startup culture at a multi-billion euro company. He also talks about the culture of error at Celonis and what he would like to see in Munich as a startup hub.
