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Cognite Secures $150 Million Investment from TCV to Accelerate Digitalization of Global Industries

Cognite Secures $150 Million Investment from TCV to Accelerate Digitalization of Global Industries Cognite becomes unicorn as funding round raises Cognite s valuation to $1.6 billion, backing is one of the largest private investment rounds for a SaaS company in Europe Cognite, a global leader in industrial software innovation, announced today that it has signed an investment round of $150M with leading global growth equity firm TCV, valuing the company at $1.6B. This investment marks one of the largest funding rounds for a SaaS company in Europe and confirms industrial digitalization as a global megatrend. The new valuation round constitutes unicorn status for Cognite.

Aker ASA: Cognite Announces USD 150 Million Investment by TCV

Aker ASA: Cognite Announces USD 150 Million Investment by TCV OSLO, Norway, May 19, 2021 /PRNewswire/ Aker ASA ( Aker ) today announced that Cognite has raised USD 150 million in a Series B investment by TCV, a leading technology-focused growth equity firm. The new funding round will allow Cognite to accelerate growth initiatives, including product development and international expansion. The investment round values Cognite at USD 1.6 billion, marking one of the largest private founding rounds for a Software-as-a-Service (SaaS) company in Europe. The Series B investment round comes as Cognite continues to experience significant customer growth and is scaling globally. Cognite s flagship product, the software platform Cognite Data Fusion (CDF), helps industries with digital transformation by liberating, safeguarding, and translating data from sensors, systems, and other sources into one common language. The data contextualized by CDF empowers companies to drive industrial applic

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Digital bank Relay raises $19 4 million to automate financial management for small business

Digital bank Relay raises $19.4 million to automate financial management for small business Share Article Relay, a digital banking platform for small businesses, announced today that it has raised USD $19.4 million in funding, including a $15 million Series A led by Bain Capital Ventures with participation from Better Tomorrow Ventures, Garage Capital, Tribe Capital, Panache and Amaranthine. This capital will accelerate Relay’s mission to increase the success rate of small business by automating financial management for business owners. TORONTO (PRWEB) May 13, 2021 Relay, a digital banking platform for small businesses, announced today that it has raised USD $19.4 million in funding, including a $15 million Series A led by Bain Capital Ventures with participation from Better Tomorrow Ventures, Garage Capital, Tribe Capital, Panache and Amaranthine. This capital will accelerate Relay’s mission to increase the

Open-source developers under corporate pressure to adopt less-permissive licenses, Percona CEO says

Open-source developers under corporate pressure to adopt less-permissive licenses, Percona CEO says
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