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Cognite

Cognite is a global industrial artificial intelligence (AI) software company that provides data management and AI platforms to enable digital transformation in heavy-asset industries such as energy, manufacturing, and utilities. Co-founded in 2016 by John Markus Lervik, Geir Engdahl, Fredrik Anfinsen, and Stein Danielsen in Oslo, Norway, Cognite has grown into a leading provider of Software-as-a-Service (SaaS) solutions focused on industrial data contextualization and AI applications. In early 2025, the company relocated its global headquarters from Oslo to Tempe, Arizona, United States, to better access expanding markets in North America, Asia, and beyond, while maintaining offices in locations including Houston, Austin, Tokyo, and Bengaluru. With approximately 800 employees as of 2025 and operations spanning over 60 countries, Cognite is valued at around $1.6 billion as of 2021 following investments from entities like Saudi Aramco and TCV. The company's core mission is to "power a high-tech, sustainable, and profitable industrial future" by addressing silos in complex industrial environments. Its flagship offering, Cognite Data Fusion®, is a scalable industrial platform that ingests, structures, and enriches operational, , and IT from sources like sensors and documents, facilitating the creation of digital twins and generative use cases. Complementing this, Cognite Atlas AI™ serves as a low-code for building and deploying industrial agents, accelerating applications in , optimization, and . Under the leadership of Chairman and CEO Girish Rishi—appointed in 2022—and co-founder Geir Engdahl as , Cognite continues to innovate, targeting $100 billion in customer value creation through -driven efficiencies.

History

Founding

Cognite AS was incorporated on December 7, 2016, in , emerging as a spin-out from , a prominent industrial focused on and sectors. The company was founded by John Markus Lervik, who served as its initial CEO and brought expertise from his prior role in developing technologies; Geir Engdahl, with a background in and industrial applications; and Stein Danielsen, experienced in solutions within Aker's . These founders, all hailing from technology and industrial roles at Aker, aimed to leverage their insights into the complexities of heavy-asset operations to build scalable software solutions. The inception of Cognite was driven by the pressing need to tackle silos prevalent in heavy-asset industries, particularly oil and gas, where Aker had encountered significant challenges in aggregating and utilizing vast volumes of operational for . Aker's prioritization of digitalization since 2015, amid industry cost pressures, highlighted the absence of adequate tools to integrate fragmented sources, inspiring the creation of a dedicated to contextualize raw and enable efficiency gains, safety improvements, and sustainable practices. This focus addressed Aker's internal pain points, such as managing from thousands of sensors across oil platforms, by developing a for an operations . Early seed funding came primarily from , which invested NOK 44 million in 2017 to acquire a 70% stake, alongside minority holdings by (10%) and employees (20%), providing the capital needed to prototype and refine the data platform. Additional backing from other investors supported the initial development phase, aligning with national efforts to foster industrial innovation. By the end of 2017, Cognite had grown to 35 employees and secured its first major contract with to advance data-driven strategies in field development.

Funding and expansion

Cognite has raised approximately $338 million in total funding across multiple rounds by the end of 2022. A pivotal moment came in May 2021 with a $150 million Series B round led by TCV, which propelled the company's valuation to $1.6 billion and established it as a . This investment, one of the largest for an industrial software firm at the time, supported accelerated product development and market entry. In February 2022, Cognite completed an additional $113 million round, further bolstering its financial position amid rapid scaling. The influx of capital facilitated significant operational growth, with the company expanding its workforce from an initial team of founders and early hires to 550 employees by 2021. By 2024, this number had grown to over 700 employees, reflecting sustained hiring across , , and roles to meet global demand. Revenue also surged in the early years, achieving a (CAGR) of 56% from 2018 to 2021, primarily driven by the adoption of its SaaS-based industrial data platform. Strategically, Cognite leveraged its funding to enter key international markets. In 2019, it established its first U.S. presence with offices in Austin and , , targeting the sector's needs. That same year, the company opened an office in , , as its Asia-Pacific headquarters to capitalize on and opportunities in the region. These expansions enhanced Cognite's ability to serve multinational clients and support localized implementations of its .

Partnerships and acquisitions

Cognite established an early collaboration with in December 2019, positioning itself as a key technology provider in a between Aramco and to advance industrial digitalization and sustainability initiatives in the energy sector. This laid the groundwork for deeper ties, culminating in the announcement of a in December 2020 aimed at accelerating digital solutions across and the broader region, with a focus on end-to-end software platforms for industrial operations. The , named CNTXT, was formally launched in June 2022 as a Riyadh-based entity dedicated to delivering cloud-based services, including enhancements for industrial digital twins through integration with Cognite's data platforms. CNTXT leverages Cognite Data Fusion to enable contextualization and AI-driven optimizations for sectors like oil and gas, supporting Aramco's Vision 2030 goals for local innovation and efficiency. In February 2022, further solidified its involvement by acquiring a 7.4% stake in Cognite through the purchase of shares from , valuing the transaction at approximately 1 billion and reinforcing Aramco's role as a significant strategic in Cognite's global expansion. Cognite deepened its technological ecosystem in December 2021 through a partnership with and , focusing on cloud-integrated solutions to liberate and contextualize for enhanced in energy marketing and supply chains. This collaboration built on prior integrations with , emphasizing scalable applications across hybrid cloud environments. In 2025, Cognite announced additional partnerships, including a with in October to enable bidirectional data sharing for industrial applications, and an expanded agreement with in September to deploy agents for exploration and production efficiency. As part of its U.S. expansion strategy, Cognite announced in December 2024 the relocation of its global headquarters from to , with the move completed in May 2025, establishing a new hub in Arizona State University's Research Park to foster innovation in industrial and create over 100 jobs. This move enhances Cognite's proximity to North American talent and partners, supporting broader alliances in the while maintaining its roots.

Products and services

Cognite Data Fusion

Cognite Data Fusion (CDF) is a cloud-based software-as-a-service () platform designed as an industrial solution to unify and contextualize siloed data from sources such as sensors, historians, and engineering documents. Launched in 2017, it serves as the foundational layer for industrial by ingesting, structuring, and activating vast volumes of (OT), engineering technology (ET), and (IT) data into a single, trusted source. This enables organizations to overcome data fragmentation common in asset-intensive industries, providing scalable access to historical and without requiring extensive upfront investments. The platform's core features include over 90 ready-to-use extractors and connectors that facilitate seamless ingestion from common systems, such as PI and various databases, ensuring reliable pipelines with built-in monitoring. Central to CDF is its capability, which employs a to automatically and manually establish contextual relationships between disparate types, including , files, and 3D models. It supports streaming for live and integrates with and frameworks to enable advanced directly on the unified dataset. These elements allow users to search and explore intuitively, akin to a Google-like tailored for contexts. Technically, CDF is built on open standards and , promoting and extensibility through software development kits (SDKs) in languages like and . This architecture supports the creation of industrial digital twins by providing a complete, contextualized representation of physical assets and processes, compliant with benchmarks such as DNV-RP-A204 for . Tools for include capabilities for , , and , while activation occurs via RESTful that allow third-party applications to query and manipulate the securely. The platform's multi-tenant design ensures , with users retaining full ownership and control over their information. In June 2024, Cognite released a major update to CDF introducing over 40 new features, enhancing search functionalities, tools for multi-user workflows, and for to automate complex . As of September 2025, CDF continues to evolve with quarterly releases, including Q3 2025 enhancements to data workflows and integrations. This evolution builds on prior releases by emphasizing generative capabilities, allowing users to derive insights from unstructured data more efficiently. CDF powers use cases such as data pipeline automation, where extractors and workflows streamline ingestion and transformation to reduce manual intervention, and generative deployment for , enabling models to forecast equipment failures by analyzing contextualized sensor data and historical patterns for proactive interventions.

Cognite Atlas AI™

Cognite Atlas AI™ is a low-code platform that complements Cognite Data Fusion by enabling the rapid development and deployment of industrial AI agents. Launched to accelerate AI adoption in heavy-asset industries, it allows users to build, test, and orchestrate AI applications for tasks such as , process optimization, and initiatives without extensive expertise. Atlas AI™ integrates seamlessly with CDF's contextualized data, leveraging generative AI to automate workflows and generate insights from structured and unstructured sources. In September 2025, a major release enhanced agentic AI capabilities, improving , interaction, and for deployments.

Industry applications

Cognite's technologies are primarily deployed in heavy-asset sectors including (particularly and gas), , and renewables, and , where they enable data-driven optimizations for complex industrial operations. In the energy sector, especially oil and gas, Cognite's solutions optimize upstream operations by fusing data from (OT), (IT), and systems to provide insights for yield improvement and enhanced . These applications facilitate AI-driven predictions to reduce , such as through that identifies potential equipment failures before they occur, thereby minimizing unplanned outages and improving overall production throughput by 0.5-1.5%. For , Cognite supports brownfield digitalization of legacy systems, integrating disparate sources to enable monitoring of processes and performance. This allows manufacturers to achieve gains, including up to 20% increases in throughput, by leveraging contextualized for proactive and streamlined operations. In power and renewables, Cognite integrates with devices for and solar , combining time-series , work orders, and event logs to deliver for maintenance and performance optimization. These capabilities enhance operational visibility across renewable portfolios, reducing costs through smarter asset utilization and scaling prescriptive insights for long-term reliability. Cognite also applies its in , an asset-heavy , to manage complex from to , supporting optimizations in equipment monitoring and for improved . Across these deployments, Cognite reports key outcomes such as 15-20% improvements in process efficiency and overall ROI of up to 400% over three years, as validated by independent studies, while aiding goals through emissions management that reduces waste and supports lower outputs via data-informed strategies.

Organization and leadership

Executive team

Girish Rishi serves as Chairman and of Cognite, a position he has held since April 2022. With over three decades of experience in technology and software leadership, Rishi previously served as CEO of , where he drove the company's transition to a cloud-based platform powered by and . Earlier in his career, he held senior roles at and , focusing on solutions for industrial applications. Under Rishi's leadership, Cognite has accelerated its global expansion and integration of generative into industrial data platforms. John Markus Lervik, a co-founder of Cognite, served as CEO from the company's inception in 2016 until 2022, when he transitioned to Chief Strategy and Development . A prominent tech entrepreneur, Lervik previously co-founded and led Fast Search & Transfer (FAST), which acquired in 2008 for $1.2 billion, and later founded cXense, specializing in -driven personalization. His vision has been central to Cognite's product strategy, emphasizing scalable data contextualization for industrial , and he continues to guide high-impact business initiatives. Geir Engdahl, another co-founder, was appointed for AI in May 2025, overseeing the company's AI-first technology strategy and innovation in real-time industrial intelligence. Engdahl brings deep expertise in and AI, having previously served as Cognite's from 2024, where he directed product execution for the Cognite platform. His role focuses on advancing AI integrations to support sectors like and . Jeff Coulter joined as in July 2023, bringing 27 years of finance and operations experience from Fortune 100 companies, including roles at Workday and . Coulter manages Cognite's financial strategy amid rapid scaling, supporting funding initiatives and profitability goals in the industrial software space. Sandy Joung serves as , having joined in April 2025. With extensive experience in , agentic AI, and marketing from prior roles, Joung leads global marketing efforts to promote Cognite's industrial solutions and drive brand growth. Petteri Vainikka serves as President, Cognite EMEA, leading regional operations in , the , and . Previously serving as until 2025, Vainikka drives customer-centric initiatives that highlight data-driven innovations for industries such as and utilities. Chirayu serves as since April 2025, overseeing product strategy and execution for Cognite's industrial platforms. With a background in product , focuses on enhancing solutions for heavy-asset industries. Cognite's Board of Directors includes Chairman Girish Rishi and, since January 2025, , Microsoft's for Commercial Cloud and AI, who contributes expertise in scaling AI commercialization. The board also features John Markus Lervik and Christine Tønsberg Nilsen, providing strategic oversight informed by investor partnerships with firms like TCV and . This composition emphasizes industrial AI innovation and customer-focused growth.

Global presence

Cognite maintains its original headquarters in , near , , at Aker Tech House, Oksenøyveien 10. In December 2024, the company announced plans to establish its global headquarters in , , at 40 E Rio Salado Parkway, Suite 900, with the relocation from completed in May 2025 to better align with international opportunities and the U.S. tech . The company operates additional offices across key regions to support its international operations. In the Americas, Cognite has locations in (Domain Place, 3200 Gracie Kiltz Lane, Suite 200), focused on technology development, and Houston, Texas (4201 Main Street, Suite 360B), emphasizing energy sector activities. In Asia, offices are situated in , and , to drive regional expansion and engineering talent acquisition. As of 2025, Cognite employs approximately 800 people worldwide, with diverse teams specializing in , , , and other functions to support its global industrial software initiatives. Cognite operates as a , with majority ownership by Norwegian industrial investment firm (holding a 50.5% stake), alongside significant investments from TCV and . In its operations, Cognite commits to ethical AI practices, ensuring its technologies are governed by guidelines that safeguard user and promote responsible development. The company also pursues internal sustainability goals, including achieving zero Scope 1 emissions as outlined in its 2024 , to minimize environmental impact across its global footprint.

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