Last week’s announcement of a $1 billion Series D funding round by process mining leader Celonis puts the fintech in a league of its own, taking the company’s postmoney valuation to more than $11 billion.
The fintech currently has about 50% of the process mining market and that fact, in addition to the recent funding round, positions Celonis to dominate this emerging sector of fintech, Ronak Doshi, vice president at research and consulting firm Everest Group, told BAN.
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