Federal President Frank-Walter Steinmeier presents the Deutscher Zukunftspreis to Alexander Rinke, Martin Klenk and Bastian Nominacher. Image: Deutscher Zukunftspreis / Bildschön
TUM spin-off awarded with Deutscher Zukunftspreis Celonis wins German President's Award At a ceremony yesterday evening, the German Federal President Frank-Walter Steinmeier presented the Deutscher Zukunftspreis to the founders of Celonis, who launched their software start-up at the Technical University of Munich (TUM). The company offers unique process mining software systems that enable companies to analyze their digital business processes and improve their efficiency. Celonis was recently valued at 2.5 billion dollars. The Celonis founders Bastian Nominacher, Martin Klenk and Alexander Rinke developed a process mining software system while studying at TUM. It investigates the everyday processes in companies, presents the analysis in understandable graphics and suggests improvements. This automatic consulting can be applied to all kinds of processes that leave digital traces, whether they are part of a pharmaceutical company's manufacturing process or the logistics of a trading company. The jury called the AI-based process mining software "a new key technology for industry and organizations that can reduce costs while boosting productivity and security." Following its launch in 2011, Celonis achieved rapid growth: It was already Germany's fastest-growing technology company in 2015.
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