# Cognite AS

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cognite

- Industry: Software
- Headquarters: Norway
- Website: www.cognite.com
- Total disclosed funding: $225M
- Latest round: Series B (May 19, 2021)
- Investors on record: 2

## About

Founded in 2017 and based in Lysaker, Norway, Cognite AS is an information technology company that develops a SaaS-based platform to support the digital transformation of heavy-asset industries. In June 2026, Schneider Electric SE, a portfolio company of Amundi, agreed to fully acquire Cognite A.S. from Accel, TCV, Saudi Aramco Technology Ventures, and Aker Solutions ASA for USD 3.1 billion in cash.

Cognite develops industrial data and AI software platforms for asset-intensive industries. Its flagship products include Cognite Data Fusion (CDF), an industrial data operations platform that contextualizes engineering, operational, and enterprise data, and Atlas AI, which enables generative and agentic AI capabilities, workflow automation, analytics, predictive maintenance, operational optimization, and industrial decision support.

Cognite generates revenue primarily through subscription-based SaaS licensing for its industrial data and AI platforms, including Cognite Data Fusion and Atlas AI. Additional revenue is derived from platform implementation, integration, consulting, support, and enterprise digital transformation services provided to customers across energy, manufacturing, infrastructure, pharmaceuticals, and other industrial sectors.

Following Schneider Electric's proposed USD 3.1 billion acquisition, Cognite is expected to be integrated into Schneider Electric's industrial software business, AVEVA. The combined platform is intended to enhance industrial AI capabilities, expand deployment of Cognite's data contextualization and AI technologies across global industrial customers, accelerate AI adoption in asset-intensive industries, and support continued product innovation through the integration of Cognite Data Fusion and Atlas AI with AVEVA's CONNECT platform.

## Funding rounds

- Series B, May 19, 2021, $150M — TCV
- Series A, Oct 27, 2020, $75M — Accel

## Investors

- Accel (https://capitalatlas.ai/funds/accel) — Series A
- TCV (https://capitalatlas.ai/funds/tcv) — Series B