Strengthening Industries with Digital Edge

Cognite is a globally recognised player in the field of industrial software, with an international presence that spans from Oslo, Austin, Houston and Tokyo. It projects itself as a global industrial Software-as-a-Service (SaaS) leader. They are engaged in empowering oil and gas, manufacturing, and other asset-heavy industries with accessible, trustworthy, and contextualised data, thereby facilitating decision-makers to access and understand complex industrial data.

Cognite has its headquarters in Lysaker, Norway and its other offices are in Tokyo, Houston and Austin. Established in 2016, Cognite serves industries such as oil and gas, power and utilities, renewable energy, manufacturing, and other heavy-asset sectors. Cognite has created a new class of industrial software that allows asset-intensive industries to operate more sustainably, securely, and efficiently. 

Cognite Data Fusion 

Cognite has developed a user-friendly, secure, and scalable platform that facilitates rapid and safe collaboration among industrial data and domain users. This enables the development, deployment, and scaling of industrial digital solutions.

The core software product of the company is Cognite Data Fusion (CDF), which is designed to quickly contextualise OT/IT data to develop and scale company solutions. Cognite employs technologies such as hybrid AI, big data, machine learning, and 3D modeling to achieve its goals.

Cognite Data Fusion is a user-friendly, secure, and scalable industrial DataOps platform that makes it easy for decision-makers from the field to remote operations centres, to access and understand complex industrial data, collaborate in real-time, and contribute towards building a better tomorrow.

With its industry-leading Industrial DataOps platform, Cognite Data Fusion, and a comprehensive suite of industrial generative AI capabilities known as Cognite AI, Cognite simplifies the access and comprehension of complex industrial data for decision-makers.

Cognite recently announced user interface enhancements and feature updates to its core industrial DataOps platform, Cognite Data Fusion. Powered by Cognite AI, the release significantly elevates the data exploration experience. It enables industrial users to find the data they need and extract valuable insights faster, bringing more efficiency and productivity to their day-to-day tasks. 

The Cash & the Mates

Cognite team comprises members from more than 60 countries, who come from various backgrounds and professional experiences.This diversity of perspective is a huge asset to the company.

Cognite till now has attracted four investors, which include names like Saudi Aramco and TCV and its last funding round was on 2nd February 2022 from a Secondary Market round. On 19th May 2021, Cognite signed an investment round of $150M with leading global growth equity firm TCV, which raised the valuation of Cognite to $1.6B, thereby making it a unicorn. The investment marked one of the largest funding rounds for a SaaS company in Europe.

New Inroads 

In the end of January 2024, Cognite and ANYbotics, a robotics company specialising in the development of advanced four-legged robots for industrial inspection, signed a Memorandum of Understanding (MoU) to enter a non-exclusive collaboration aimed at delivering cutting-edge products and services to global customers. The parties aim to harness the distinct strengths of both companies to provide customers with an integrated robotics inspection solution. This enables unmanned operations by facilitating real-time autonomous data collection in industries like oil & gas, power & utilities, chemicals, and metals.

“By combining ANYbotics’ unique, autonomous robotic inspection solution with Cognite’s powerful Cognite Data Fusion, we aim to redefine the possibilities in remote industrial inspections enabling unprecedented data-driven decision making.  This collaboration reflects our commitment to delivering unparalleled value to our customers through innovative, integrated solutions,” said Satschin Bansal, who is presently serving as VP Strategic Alliances & Partnerships at ANYbotics.

In early January 2024, Cognite announced the beta launch of a generative AI-powered Remote Operations Control Room (ROCR) at the Celanese facility in Clear Lake, Texas. Celanese Corporation is a worldwide technology leader, specializing in the manufacturing of specialty materials and chemical products. These are utilized across a wide range of industries and consumer applications worldwide. From a release we could gather that Celanese planned to use the ROCR to deliver full visibility into the real-time operation of its sites worldwide, thereby expediting workflows and gaining operational insights much more efficiently, orders of magnitude ahead.

Built on top of Cognite Data Fusion and leveraging Cognite AI, the ROCR provides a centralised view of Celanese’s contextualised industrial data, regardless of source and type, alongside a deterministic generative AI Copilot.

The ROCR comprises eight product status screens and dashboards, including Flawless Day KPIs, live production data, reported incidents, a video live stream, energy consumption cost, a 3D model view of the site, maintenance information, and Cognite’s Copilot. 

Demystifying Industrial Digitalisation 

In the last rung of the last year, that is on November 2023,  Cognite announced the release of ‘The Definitive Guide To Generative AI for Industry’, a manual for companies to accelerate AI innovation and reduce time to value.

The Definitive Guide to Generative AI for Industry is the second book from Cognite, following the 2021 release of The Definitive Guide to Industrial DataOps. Together, these books attempt to  demystify industrial digitalsation and help make sense of how Industrial DataOps and Industrial AI can revolutionise organisations to manage complex data. The books reflect the necessary journey industrial companies must take to evaluate, adopt, and scale digital transformations across their organisations. 

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