German Future Prize for Celonis
TUM start-up honored by the German President
Germany's President, Frank-Walter Steinmeier, awards the German Future Prize to Alexander Rinke, Martin Klenk and Bastian Nominacher.
On 27 November 2019, Germany's President, Frank-Walter Steinmeier, honored the founders of the software company Celonis, awarding them the German Future Prize. Two of the three founders are the former TUM math students, Bastian Nominacher and Alexander Rinke.
Whilst students at the TUM, Bastian Nominacher, Martin Klenk and Alexander Rinke developed software for so-called process mining and founded the company Celonis. Today, their company is classed as the world leader in its segment.
Celonis – a true success story
Worldwide, Celonis offers unique process mining software systems, which analyse and optimise digital business processes, enabling increased productivity. The automated management consultancy can be used for all business processes - including production, human resources and logistics. The software is already used by global companies and medium-sized businesses in 20 different business fields.
The start-up was founded in 2011. In 2015 it was the fastest growing technology business in Germany, and in 2018 was valued to be worth one billion US-Dollar, placing it amongst the German "unicorns". Currently the company is valued at 2,5 billion US-Dollar.
Awarded with the German Future Prize 2019
The German Future Prize honors outstanding technical, engineering and natural science applications and includes prize money of 250 000 Euro. Celonis was awarded the 2019 prize, despite strong competition from the other nominees, CO2 and Ultra-Hochfeld-MRT. According to the jury, the process mining software, based on artificial intelligence systems, is "a new key technology for industry and organisations, which can reduce costs, whilst increasing productivity and security".
TUM President Professor Thomas F. Hofmann was delighted about the award for the TUM spin-off: "The founders of Celonis are a shining example for around 70 start-ups which are founded each year at the TUM – not only because of their incredible success, but also due to their entrepreneurial mentality and their research-based developmental work.".
Watch the awarding of the German Future Prize to Celonis here as a video:
More details and further information can be found under Celonis wins German Future Prize.