Cognite
Norwegian industrial software company providing a cloud-based data operations and contextualization platform for heavy-asset industries.
Last updated August 22, 2026
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Overview
Cognite AS is a Norwegian software-as-a-service company focused on industrial data management, contextualization, and digital transformation. Founded in 2016 and headquartered in Oslo, the company develops software for organizations whose operations depend on large, complex physical assets, including energy producers, utilities, manufacturing companies, and industrial-equipment operators. Its principal platform is Cognite Data Fusion, a cloud-based industrial DataOps system designed to connect information from operational technology, enterprise applications, engineering documents, sensors, historians, and other industrial data sources. The central problem addressed by Cognite is that industrial data is often fragmented across systems, stored in incompatible formats, and difficult for operational teams to interpret. Cognite’s software is intended to organize this information and place it in operational context, linking data to physical assets, processes, locations, equipment, and business activities. This contextualized data can then support analytics, process optimization, maintenance, production planning, safety initiatives, and other industrial use cases. The company’s positioning is therefore closer to an industrial data infrastructure and DataOps provider than to a general-purpose enterprise software vendor. Cognite Data Fusion has been associated with digital-transformation programs in oil and gas, power and utilities, renewable energy, and manufacturing. Customers and industrial partners mentioned in public reference material have included Aker BP, BP, Saudi Aramco, Alfa Laval, Statnett, Mitsubishi Heavy Industries, and TechnipFMC. Cognite has maintained an international presence beyond Norway, including offices in Tokyo, Houston, and Austin, reflecting its focus on global industrial companies. The company was founded by John Markus Lervik, who later served as chief executive officer. In 2021, Cognite raised $150 million in a Series B financing led by TCV. A Nasdaq report from the same period placed the company’s valuation at approximately $1.6 billion; because Cognite is privately held, this was a reported private-company valuation rather than a public-market capitalization. In February 2022, Aramco Overseas, a subsidiary of Saudi Aramco, acquired a 7.4 percent stake in Cognite by purchasing Aker BP’s entire holding in the company. Aker BP had been identified as Cognite’s largest customer. In April 2022, Girish Rishi became chief executive officer, succeeding Lervik. Lervik moved into the role of chief development and strategy officer. The leadership change accompanied Cognite’s continued expansion from industrial data integration toward broader industrial software and artificial-intelligence applications. In August 2024, Cognite announced a partnership with Radix to apply AI to more advanced industrial data-management capabilities. Cognite remains a private industrial technology company. Public reference material also reports that Schneider Electric announced an agreement on June 30, 2026, to acquire Cognite for $3.1 billion. The available material does not establish whether that transaction has closed, so Schneider Electric is not treated here as Cognite’s current parent company. Cognite’s present strategic identity is that of a specialist provider of industrial data infrastructure, contextualization, and AI-enabled operational software.
History
Cognite was established in Norway in 2016 by John Markus Lervik as a software company serving industrial organizations. Its initial business proposition centered on the difficulty industrial companies face when attempting to use data distributed across operational technology, engineering systems, enterprise software, equipment sensors, and other repositories. Rather than treating industrial information as isolated records, Cognite developed software intended to connect the records to real-world assets and processes. The company’s main product became Cognite Data Fusion, a cloud-based industrial DataOps and contextualization platform. The platform was designed for heavy-asset sectors in which production, maintenance, safety, and planning depend on reliable information about physical infrastructure. Public descriptions associate Cognite’s market with oil and gas, power and utilities, renewable energy, and manufacturing. Its capabilities are intended to support the integration of industrial data, the creation of usable operational context, and the application of analytics and artificial intelligence to industrial workflows. Cognite expanded internationally while retaining its headquarters in Oslo. Publicly identified offices include Tokyo, Houston, and Austin. Its customer and industrial-partner references have included Aker BP, BP, Saudi Aramco, Alfa Laval, Statnett, Mitsubishi Heavy Industries, and TechnipFMC. These relationships positioned the company as an industrial technology specialist rather than a general consumer or horizontal enterprise-software brand. A significant financing event occurred in 2021, when Cognite raised $150 million in a Series B round led by TCV. A Nasdaq report from that period valued the private company at approximately $1.6 billion. In February 2022, Aramco Overseas acquired a 7.4 percent stake in Cognite by purchasing all of Aker BP’s shares in the company. Aker BP had been described as Cognite’s largest customer, making the transaction both an ownership change and a notable development in the company’s industrial ecosystem. Leadership also changed in 2022. In April, Girish Rishi succeeded Lervik as chief executive officer. Lervik moved into the position of chief development and strategy officer, allowing the founder to remain involved in the company’s technological and strategic direction while a new executive led the operating business. Cognite continued to broaden its industrial software proposition through artificial intelligence and advanced data management. In August 2024, the company partnered with Radix on an AI-oriented effort to develop a more advanced data-management system. This reflected the wider movement in industrial software toward combining data integration and contextualization with AI-assisted analysis and operational decision support. The available reference material reports a further corporate development on June 30, 2026, when Schneider Electric announced an agreement to acquire Cognite for $3.1 billion. Since the material does not state that the acquisition was completed, Cognite is recorded as an active private company with no confirmed current parent. Its established identity remains that of a Norwegian industrial software company focused on making complex operational data usable across large physical enterprises.
- 2026
Schneider Electric acquisition agreement announced
[1]Schneider Electric announces an agreement reportedly worth $3.1 billion to acquire Cognite; closing is not confirmed in the available material.
- 2024
AI partnership with Radix
[1]Cognite partners with Radix on an AI-oriented industrial data-management system.
- 2022
Aramco Overseas takes a minority stake
[1]Aramco Overseas acquires Aker BP’s entire holding in Cognite, obtaining a reported 7.4 percent stake.
- 2022
Girish Rishi becomes chief executive
[1]Girish Rishi succeeds founder John Markus Lervik as CEO, while Lervik assumes a chief development and strategy role.
- 2021
Series B financing
[1]Cognite raises $150 million in a Series B investment led by TCV.
- 2016
Cognite is founded in Norway
[1]Cognite is established as a software company focused on industrial data and digital transformation.
Products and positioning
Industrial data operations and contextualization platform provider for heavy-asset companies
Industrial DataOps and contextualization platform
Cognite Data Fusion
Cognite Data Fusion is Cognite’s principal cloud-based software platform for industrial data operations. It is designed to connect and contextualize information from operational technology, enterprise systems, engineering records, sensors, and other industrial sources. By associating data with physical assets, processes, and locations, the platform is intended to help heavy-asset companies use information for analytics, maintenance, production optimization, safety programs, and broader digital-transformation initiatives. Public descriptions associate it with oil and gas, power and utilities, renewable energy, and manufacturing.
Brand decisions
2026
Schneider Electric acquisition agreementM&ABackground
Cognite’s industrial data platform was positioned as a strategic asset in the broader industrial software and automation market.
Action taken
Schneider Electric announced an agreement to acquire Cognite for a reported $3.1 billion.
Aftermath
The available material does not confirm completion, so the transaction is recorded as announced rather than closed.
Announced acquisition value. $3.1 billion announced transaction value (June 30, 2026)
2024
AI collaboration with RadixOtherBackground
Industrial software providers were increasingly incorporating artificial intelligence into data-management and operational workflows.
Action taken
Cognite partnered with Radix to develop a more advanced data-management system using AI.
Aftermath
The partnership extended Cognite’s focus from data contextualization toward AI-enabled industrial data operations.
2022
Aramco Overseas acquires Aker BP’s Cognite stakeM&ABackground
Aker BP held a stake in Cognite and was identified as Cognite’s largest customer.
Action taken
Aramco Overseas purchased 100 percent of Aker BP’s shares in Cognite, resulting in a reported 7.4 percent stake for the Saudi Aramco subsidiary.
Aftermath
The transaction increased Saudi Aramco’s direct ownership connection to Cognite while leaving the company privately held.
2022
Executive successionStrategyBackground
Cognite reached a stage of international expansion in which leadership responsibilities were reorganized.
Action taken
Girish Rishi became CEO, and founder John Markus Lervik moved to chief development and strategy officer.
Aftermath
The change preserved Lervik’s involvement while placing day-to-day chief executive responsibility with Rishi.
2021
Cognite raises Series B financingOtherBackground
Cognite sought additional capital to expand its industrial software business and international market presence.
Action taken
The company completed a $150 million Series B investment led by TCV.
Aftermath
A Nasdaq report subsequently cited an approximately $1.6 billion valuation for the private company.
Series B investment. $150 million raised (2021)
Recent events
Blue Matter announces acquisition of Cognite[3]
Reported:
Blue Matter announced that it had acquired Cognite, a healthcare communications agency. The financial terms were not disclosed.
Cognite named Marathon Petroleum’s Corporate Supplier of the Year[4]
Reported:
Cognite announced it was named the Corporate Supplier of the Year winner in Marathon Petroleum Corporation’s 11th Annual Supplier Recognition Awards.
Cognite secures $150 million investment from TCV[5]
Reported:
Cognite announced a $150 million investment round with TCV, valuing the company at $1.6 billion.
Cognite enters partnership with Accel[6]
Reported:
Cognite entered a partnership with Accel. The parties said they would work together to accelerate Cognite’s growth initiatives, including its go-to-market strategy and product development; Accel would receive a seat on Cognite’s board.
Sources7 sources
- 1Cogniteen.wikipedia.org
- 2Cognite official websitecognite.com
- 3Blue Matter宣布收购Cognitefinanznachrichten.de
- 4Cognite获评Marathon Petroleum年度企业供应商thesudburystar.com
- 5Cognite获得TCV的1.5亿美元投资finanznachrichten.de
- 6Cognite与Accel达成合作prnewswire.co.uk
- 7Cognite Closes on $150 Million in Funding - SiliconHillssiliconhillsnews.com
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