Could Process Mining Be Bigger Than RPA (Robotic Process Automation)?

Eight years ago in Germany, three college friends–Bastian Nominacher, Alexander Rinke and Martin Klenk–started Celonis with 12,500 euros. They saw an opportunity to leverage process mining to transform the operations of large companies. From the start, Celonis was profitable and grew quickly. It was actually not until June 2016 that the company raised its first round of institutional capital ($27.5 million from Accel and 83North). Then there was a Series B for $50 million two years later.