In 2021, Cognite raised $150 million in a Series B investment by TCV. According to the 2021 report of Nasdaq, Cognite was valued at $1.6 billion.[1][11]
In February 2022, it was announced that Aramco Overseas, a subsidiary of Saudi Aramco, had acquired a 7.4% stake in Cognite by purchasing 100% of Aker BP’s shares in the company.[12] Aker BP was Cognite's largest customer.[13]
In April 2022, Girish Rishi, former CEO of Blue Yonder, succeeded John Markus Lervik as CEO. Lervik shifted to the position of chief development and strategy officer.[14]
In August 2024, Cognite partnered with Radix to use AI to develop a more advanced data management system.[15]
