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Wire · operational-macro

Celonis: DACH's $13B Software Unicorn, Repriced but Winning

Published

17 August 2026

Topic

operational-macro

◆ Sectors

Enterprise Software

◆ Geography

Germany

◆ Source

Read at news.google.com →

◆ Verified

Fusion42 · 4 October 2026 · Fusion42 review

Celonis, the Munich-based process-mining software leader with a $771M ARR in 2023, experienced a valuation repricing from $13.2B in 2022 to an estimated $7.7B in 2024 on the secondary market, reflecting broader market multiple contraction rather than company weakness.

This Wire brief sits within Fusion42's coverage of Enterprise Software.

◆ ◆ The Wire takeaway

You face a new reality where market appetite for enterprise software valuations has settled lower, forcing you to focus on strengthening revenue and customer retention to sustain growth despite softer market multiples.

◆ Coverage

1 source · 17 Aug 2026

◆ Related on Wire

◆ Topics

Enterprise Softwareprocess-miningenterprise-softwarevaluationrepricingsoftware-growth