Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Aramco Invests in Cognite

Saudi Aramco, Cognite’s long-time digitalization partner in the Middle East, acquired a 7.4% stake in Cognite

OSLO, Norway–(BUSINESS WIRE)–#DigitalizationCognite, a global leader in industrial software innovation, announces today that Saudi Aramco, via its subsidiary Aramco Overseas Company B.V., has invested in Cognite by purchasing 100% of Aker BP’s shares in the company.

“Cognite has proven that their technology delivers complex real-time insights seamlessly and is optimizing how energy is being supplied to the world,” says Saudi Aramco Senior Vice-President of Technical Services, Ahmad A. Al-Sa’adi. “We are impressed by the great momentum Cognite has shown since inception where it now serves some of the leading industrial companies globally.”

“This transaction demonstrates unprecedented confidence in Cognite and its high potential to transform industry through technology. This comes in addition to the USD 225 million raised from leading global technology investors TCV and Accel,” says Øyvind Eriksen, board chair of Cognite, and President and CEO of Aker ASA.

Cognite currently works with Saudi Aramco as a digitalization partner aiding in digitalizing and improving the efficiency of Saudi Aramco’s operations through Cognite’s Industrial Data Platform, Cognite Data Fusion™. “To have the world’s leading energy company invest in Cognite is a strong show of faith in our trajectory, and in the value of contextualized, actionable data as the foundation to shape a more efficient, more sustainable industrial future,” says Dr. John Markus Lervik, CEO and co-founder of Cognite.


About Cognite

Cognite is a global industrial SaaS company that was established with a clear vision: to rapidly empower industrial companies with contextualized, trustworthy, and accessible data to help drive the full-scale digital transformation of asset-heavy industries around the world. Our core Industrial DataOps platform, Cognite Data Fusion™, enables industrial data and domain users to collaborate quickly and safely to develop, operationalize, and scale industrial AI solutions and applications to deliver both profitability and sustainability. Visit us at www.cognite.com and follow us on Twitter and LinkedIn.

Contacts

Press contact:
Michelle Holford

Global PR Lead, Cognite

Michelle.Holford@Cognite.com

#FOLLOW US ON INSTAGRAM