Three students in Germany created a data mining startup without taking VC money for five years — now it’s worth $1 billion

CelonisCelonis

  • A German data mining startup is the newest unicorn, raising $ 50 million from Accel Partners and 83North at a $ 1 billion valuation.
  • The technology uses a combination of a data technique called “process mining” to gather information about a company’s operations, and it uses artificial intelligence to suggest ways to make those operations better.
  • The company says it has grown 5,000% in the last four years.

Celonis, a data mining startup that uses artificial intelligence and machine learning to help make companies more efficient, has raised $ 50 million in a series B funding round that values the startup at $ 1 billion.

The round was led by existing investors Accel Partners and 83North.

See the rest of the story at Business Insider

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Martin is an enthusiastic programmer, a webdeveloper and a young entrepreneur. He is intereted into computers for a long time. In the age of 10 he has programmed his first website and since then he has been working on web technologies until now. He is the Founder and Editor-in-Chief of BriefNews.eu and PCHealthBoost.info Online Magazines. His colleagues appreciate him as a passionate workhorse, a fan of new technologies, an eternal optimist and a dreamer, but especially the soul of the team for whom he can do anything in the world.

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