Celonis SE receives German President's Award 2019

TUM Start-up was honored for tool "Process Mining"

Awardees German President's Award 2019: (f.l.t.r) Bastian Nominacher, Martin Klenk, Alexander Rinke.

Federal President Frank-Walter Steinmeier gave the German President's Award 2019 to Alexander Rinke, Martin Klenk and Bastian Nominacher. The three awardees are the founders and CEOs of Celonis SE. The team developed the software "Process Mining", an innovative method of visualizing, analyzing and monitoring processes thoroughly to take actions for improvement. Process mining can be used in all areas and at every level of business, visualizes even the most complex and interwoven processes and, as an operational system, proposes suggestions for benefical changes. The three awardees laid the foundation for the innovative technology while studying at TUM. As a part of a consulting project for local television broadcaster Bayerischer Rundfunk, they developed an initial prototype. After completing the project successfully, the team went on to develop the concept of process mining further, creating a comprehensive tool that met with great interest in industry. This led to the founding of Celonis in 2011. Support with the start-up process was provided at TUM. In addition to the advice from the TUM start-up advising team, the chairs for Information Systems (Prof. Helmut Krcmar), Industrial Design and Entrepreneurship helped to develop the young company's business model and corporate design. In 2015 it was ranked as Germany's fastest-growing technology company. In its second round of financing in 2018, the company was valued at 1 billion US dollars, thus taking its place among the small number of German "unicorns". The latest round of financing, completed just a few days ago, yielded a valuation of 2.5 billion dollars. In the meantime, the company has over 700 employees. More than 25% of these are from TUM.
The German President's Award for Innovation in Science and Technology - endowed with 250.000 EUR - is presented annually in regcognition of visionary technologies. The main criteria for the jury are the level of scientific and technological innovation, market readiness, the potential for job creation and the contribution to a sustainable economy. It’s the first time in the award’s history that a company has been nominated and honored in the category “software and algorithm-based innovation.”

TUM Press release