TUM spinout Celonis has grown to Germany’s first decacorn, three years after becoming the university’s first unicorn.

Celonis, a Germany-based business process analytics software spinout of Technical University of Munich (TUM), has raised $1bn in a series D round co-led by Durable Capital Partners and funds and accounts advised by T Rowe Price Associates. Franklin Templeton, Splunk Ventures and assorted private investors also joined the round, as did several existing investors of…

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