Latest news with #Cognite
Business Wire
20-05-2025
- Business
- Business Wire
Cognite Announces New Leaders to Continue Driving AI Innovation and Accelerate Industrial Value Realization
PHOENIX--(BUSINESS WIRE)-- Cognite, the global leader in industrial AI, today announced two strategic appointments to deliver more innovation with the AI ecosystem and customer value: Co-founder Geir Engdahl, as Chief Technology Officer, AI, and James Sirota as Global Head of Engineering. Engdahl will lead the company's AI First technology strategy. Sirota will spearhead the worldwide engineering functions, driving the rapid delivery of new capabilities and scaling of Cognite's industrial AI and data platform Cognite Data Fusion® and the transformative industrial workbench Cognite Atlas AI™. "Cognite is raising the bar on the next generation of AI First technology and development in order to help companies achieve more of their AI transformation goals and business outcomes." - Girish Rishi, CEO, Cognite Since the company's founding, Engdahl has been pivotal in creating the only scalable and open AI platform specifically built for the demanding range and volume of industrial data. Cognite's unique architecture and capabilities have enabled customers to reap significant ROI from increasing production, reducing downtime, and accelerating sustainability. In this new role, he will return to his disruptive founder roots to extend Cognite's AI technology to deliver more real-time intelligence from any data, on any hyperscaler, and leveraging any LLM at scale. Sirota joins Cognite as the company aggressively accelerates its delivery of intelligent, AI-powered applications to unlock the true potential of industrial data for decision-makers and domain experts across manufacturing, energy, and power generation verticals. Cognite's solutions are the key to enabling AI by liberating data from silos and making it AI-ready, forging a path towards real-time, scalable agentic AI-driven operations. "Cognite is raising the bar on the next generation of AI First technology and development in order to help companies achieve more of their AI transformation goals and business outcomes. We welcome James to our executive team at such a transformative time for both Cognite and the industrial sector," said Girish Rishi, CEO at Cognite. "James' proven expertise in scaling engineering organizations and delivering AI-powered platforms, combined with Geir's innovation leadership and our previously announced CPO Chirayu Shah's product vision, will be vital as we continue to expand our global footprint and help industrial companies realize even more value from agentic AI, their industrial data and operations." "I am thrilled to lead the charge for this next phase of AI innovation," said Geir Engdahl, CTO, AI at Cognite. "Being at the forefront and co-innovating with the global hyperscalers and LLM providers will unlock more value from agentic AI and all industrial data that are uniquely accessible in our platform." Engdahl previously founded Snapsale in 2011, a classifieds AI startup. He led the company as CEO and CTO until the company was acquired by Schibsted in 2017. He also served as a senior software engineer for Google where he developed AI capabilities for targeting and conversion optimization in their advertising systems. Engdahl has a master's degree in computational science from the University of Oslo and received a silver medal from the International Olympiad in Informatics. "Industrial enterprises generate enormous volumes of operational data, but often struggle to extract meaningful insights from it," said James Sirota, Global Head of Engineering at Cognite. "They need a robust platform to explore this data effectively, combined with powerful AI capabilities to identify trends and insights more efficiently. What drew me to Cognite was how their products address this exact challenge. Cognite is not only solving deeply technical problems—it's solving meaningful ones for the industrial sector. My job is to make sure our engineers are equipped, empowered, and inspired to deliver products that transform how the industrial sector works." With over 20 years of leadership in software engineering and AI, Sirota brings a combination of technical depth and global execution excellence to Cognite. Having previously led engineering organizations at AWS, Cloudera, and Cisco, he brings extensive experience scaling enterprise software platforms and high-performing global teams. His passion for building cohesive, empowered engineering teams and high-scale platforms aligns directly with Cognite's vision. As the company continues its rapid global expansion, Sirota's leadership will be central to delivering innovative, AI-driven solutions that power the future of industry. About Cognite Cognite makes GenAI work for industry. Leading energy, manufacturing, and power & renewables enterprises choose Cognite to deliver secure, trustworthy, and real-time data to transform their asset-heavy operations to be safer, more sustainable, and profitable. Cognite provides a user-friendly, secure, and scalable platform that makes it easy for all decision-makers, from the field to remote operations centers, to access and understand complex industrial data, collaborate in real-time, and build a better tomorrow. Visit us at and follow us on LinkedIn and X.
Yahoo
10-05-2025
- Business
- Yahoo
Aker ASA (STU:FKM) Q1 2025 Earnings Call Highlights: Strong Asset Growth Amid Market Challenges
Net Asset Value: NOK61.9 billion, up from NOK58.2 billion at the end of 2024. Share Price: Closed at NOK622, a 13% increase during the quarter. Dividend: Approved dividend of NOK26.5 per share for the first half of 2025. Cash Holdings: NOK1 billion, up NOK381 million from the previous quarter. Dividends Received: NOK1.6 billion, including NOK936 million from Aker BP. Net Interest-Bearing Debt: NOK0.8 billion, down from NOK2 billion in the previous quarter. Loan to Value Ratio: 8%. Operating Expenses: NOK100 million in the first quarter. Profit Before Tax: NOK741 million for the quarter. Net Value Change: Negative NOK628 million, mainly due to Aker Horizons and Solstad Offshore. Annual Recurring Revenue (ARR) for Cognite: Surpassed USD100 million in the quarter. Warning! GuruFocus has detected 3 Warning Signs with STU:FKM. Release Date: May 09, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Aker ASA (STU:FKM) reported a net asset value increase to NOK61.9 billion, up from NOK58.2 billion at the end of 2024. The company's share price rose by 13% during the quarter, outperforming the Oslo Stock Exchange benchmark index. Aker ASA's strategic focus on fewer, larger cash-generative holdings has maintained financial strength and flexibility. Aker BP continues to be a significant source of upstream dividends, with ambitions to sustain production above 500,000 barrels per day beyond 2030. Cognite's annual recurring revenue surpassed the USD100 million milestone, indicating strong growth in the industrial software sector. Aker Horizons has faced significant operational, financial, and market challenges, leading to sustained underperformance and material losses. The share price of Aker Horizons has declined by 96% since its listing, significantly impacting Aker ASA's valuation. The current geopolitical and market climate, including trade wars and currency fluctuations, presents unpredictability and potential indirect impacts on Aker ASA's operations. Aker ASA's net value change was negative NOK628 million, primarily due to a value decrease in Aker Horizons and Solstad Offshore. Investment decisions are being reconsidered due to prevailing uncertainty, which may reduce activity levels and impact future growth. Q: Given Aker's strong leadership, track record, and talented team, would you agree that the company has underperformed for some time? Can we expect Aker to capitalize on the current macroeconomic environment, and do you have the right strategy in place to once again become the leading star and benchmark for the industry? A: Oyvind Eriksen, President and CEO, responded that Aker's task is to develop its portfolio investments for the long term and deliver returns to shareholders. He disagreed with the notion of underperformance, citing strong long-term returns and dividends. Aker aims to capitalize on the current market environment with disciplined investment strategies. Eriksen believes Aker is a benchmark in its industries and is committed to building its portfolio and exploring new segments. Q: How does Aker plan to navigate the uncertainties in the current geopolitical and market climate? A: Oyvind Eriksen emphasized the importance of balanced scenario-based planning, prudent risk assessment, and maintaining a strong financial position. Aker's strategy includes a focus on fewer, larger cash-generative holdings to maintain financial strength and flexibility. The company aims to uphold its dividend policy and ensure predictability of upstream cash flow. Q: What are Aker's strategic priorities and portfolio design criteria? A: Eriksen outlined that Aker's strategic priorities focus on net asset value development, attractive and predictable dividends, increased upstream cash flow, and investments in growth segments. The company prioritizes long-term mega trends like energy transition and digitalization, aiming for improved capital efficiency and stronger cash flow. Q: Can you elaborate on Aker's approach to active ownership and strategic clarity? A: Eriksen stated that Aker practices active ownership by making necessary adjustments and concentrating its portfolio around larger companies with potential for long-term value creation. The company focuses on transactions that create added value and aligns investments with strategic priorities. Q: How is Aker positioned to leverage AI and digitalization in its portfolio companies? A: Eriksen highlighted that Aker's industrial software companies, Cognite and Aize, are well-positioned to capitalize on digitalization and AI trends. Cognite's Data Fusion platform drives digital transformation and operational efficiency, with a strong commercial presence and promising outlook for the year. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Business Wire
08-05-2025
- Business
- Business Wire
Cognite Fuels Industrial AI Revolution with Inaugural Class of Cognite Fellows
PHOENIX--(BUSINESS WIRE)-- Cognite, the global leader in industrial AI, today announced the appointment of Torgrim Aas, Jan Eivind Danielsen, and Thorkild Stray as the inaugural class of Cognite Fellows. This landmark initiative underscores Cognite's deepening commitment to empowering customers with cutting-edge industrial Data and AI solutions while simultaneously building enduring know-how and competencies. "ARC congratulates Cognite on their launch of the Cognite Fellows Program, as Cognite sets the pace as the fastest growing cloud-native industrial data platform," said Janice Abel, Principal Analyst, ARC Advisor Share These exceptional individuals represent the vanguard of Industrial Data and AI innovation, driving the energy transition and championing responsible, scalable industrialization on a global scale—areas where Cognite continues to see increasing demand and deliver tangible results for its expanding customer base. Establishing the Cognite Fellows Program signifies the company's ongoing investment in top-tier talent and its dedication to fostering a vibrant expert community that directly benefits customers and partners. Cognite Founder Dr. John Markus Lervik emphasized the significant contributions of the Cognite Fellows, stating, "Our first three Cognite Fellows have profoundly impacted our customers' success and are central to Cognite's competitive edge. Their work has directly boosted customer value through increased production, decreased downtime, and enhanced scalability. Innovation with the latest tech stack, driven by innovations that are meaningful on the ground within the industrial sector, is our calling, and our inaugural class well passes that threshold of requirement." The Cognite Fellows Program recognizes individuals who embody more than just deep expertise; it celebrates their personal impact and overall contribution to the organization and its mission. Prospective Fellows are nominated by peers and evaluated based on their deep technology knowledge, creative problem-solving, innovative thinking, and technical leadership in guiding and mentoring teams and customers. Cognite Fellows must demonstrate the ability to anticipate future trends to develop impactful solutions, while being a personification of Cognite values, earning high regard across the company: Torgrim Aas combines deep industrial domain experience with edge-to-cloud industrial data expertise. He has led Cognite's most challenging customer projects, showcasing exceptional technical depth and creativity, leading to significant measurable business results. Jan Eivind Danielsen has a unique understanding of the industrial value chain, from capital projects to operations. Combined with his thought leadership, he has extended the use of Cognite technologies across the end-to-end industrial value chain, establishing a new industry standard. Thorkild Stray has brought over two decades of experience from a variety of large-scale, real-time distributed software systems into asset-intensive industry, with a unique grit to make it work in mission-critical environments, while inspiring and mentoring colleagues and customers. "ARC congratulates Cognite on their launch of the Cognite Fellows Program, as Cognite sets the pace as the fastest growing cloud-native industrial data platform,*" said Janice Abel, Principal Analyst, ARC Advisory Group. The introduction of the Cognite Fellows marks another significant milestone in the company's journey, reflecting its strong momentum, commitment to innovation, and unwavering focus on delivering transformative value to its customers and partners worldwide. About Cognite Cognite makes GenAI work for industry. Leading energy, manufacturing, and power & renewables enterprises choose Cognite to deliver secure, trustworthy, and real-time data to transform their asset-heavy operations to be safer, more sustainable, and profitable. Cognite provides a user-friendly, secure, and scalable platform that makes it easy for all decision-makers, from the field to remote operations centers, to access and understand complex industrial data, collaborate in real-time, and build a better tomorrow. Visit us at and follow us on LinkedIn and X. * For more information on ARC's related research, visit the Operational Data Historian/Industrial Data Platform report.
Associated Press
08-05-2025
- Business
- Associated Press
Cognite Fuels Industrial AI Revolution with Inaugural Class of Cognite Fellows
PHOENIX--(BUSINESS WIRE)--May 8, 2025-- Cognite, the global leader in industrial AI, today announced the appointment of Torgrim Aas, Jan Eivind Danielsen, and Thorkild Stray as the inaugural class of Cognite Fellows. This landmark initiative underscores Cognite's deepening commitment to empowering customers with cutting-edge industrial Data and AI solutions while simultaneously building enduring know-how and competencies. These exceptional individuals represent the vanguard of Industrial Data and AI innovation, driving the energy transition and championing responsible, scalable industrialization on a global scale—areas where Cognite continues to see increasing demand and deliver tangible results for its expanding customer base. Establishing the Cognite Fellows Program signifies the company's ongoing investment in top-tier talent and its dedication to fostering a vibrant expert community that directly benefits customers and partners. Cognite Founder Dr. John Markus Lervik emphasized the significant contributions of the Cognite Fellows, stating, 'Our first three Cognite Fellows have profoundly impacted our customers' success and are central to Cognite's competitive edge. Their work has directly boosted customer value through increased production, decreased downtime, and enhanced scalability. Innovation with the latest tech stack, driven by innovations that are meaningful on the ground within the industrial sector, is our calling, and our inaugural class well passes that threshold of requirement.' The Cognite Fellows Program recognizes individuals who embody more than just deep expertise; it celebrates their personal impact and overall contribution to the organization and its mission. Prospective Fellows are nominated by peers and evaluated based on their deep technology knowledge, creative problem-solving, innovative thinking, and technical leadership in guiding and mentoring teams and customers. Cognite Fellows must demonstrate the ability to anticipate future trends to develop impactful solutions, while being a personification of Cognite values, earning high regard across the company: 'ARC congratulates Cognite on their launch of the Cognite Fellows Program, as Cognite sets the pace as the fastest growing cloud-native industrial data platform,*" said Janice Abel, Principal Analyst, ARC Advisory Group. The introduction of the Cognite Fellows marks another significant milestone in the company's journey, reflecting its strong momentum, commitment to innovation, and unwavering focus on delivering transformative value to its customers and partners worldwide. About Cognite Cognite makes GenAI work for industry. Leading energy, manufacturing, and power & renewables enterprises choose Cognite to deliver secure, trustworthy, and real-time data to transform their asset-heavy operations to be safer, more sustainable, and profitable. Cognite provides a user-friendly, secure, and scalable platform that makes it easy for all decision-makers, from the field to remote operations centers, to access and understand complex industrial data, collaborate in real-time, and build a better tomorrow. Visit us at and follow us on LinkedIn and X. * For more information on ARC's related research, visit the Operational Data Historian/Industrial Data Platform report. View source version on CONTACT: Media Contact: Michelle Holford Vice President, Global PR [email protected] KEYWORD: EUROPE UNITED STATES NORTH AMERICA ARIZONA INDUSTRY KEYWORD: SOFTWARE MOBILE/WIRELESS NETWORKS OTHER ENERGY HARDWARE OIL/GAS DATA MANAGEMENT ENERGY TECHNOLOGY OTHER MANUFACTURING ARTIFICIAL INTELLIGENCE ENGINEERING MANUFACTURING SOURCE: Cognite Copyright Business Wire 2025. PUB: 05/08/2025 07:19 AM/DISC: 05/08/2025 07:19 AM
Yahoo
03-04-2025
- Business
- Yahoo
Cognite Appoints New Leaders to Scale Management Team
PHOENIX, April 03, 2025--(BUSINESS WIRE)--Cognite, the global leader in industrial AI, today announced that it is strengthening its leadership team with the addition of three deep domain experts: Chirayu Shah, Chief Product Officer (CPO), Sandy Joung, Chief Marketing Officer (CMO), and Bill Owen, Chief Services Officer (CSO), positioning the company for accelerated worldwide growth. Shah is an experienced CPO with a strong 20-year global history in industrial data management and enterprise software leadership. Recent roles include serving as CPO at Honeywell and also as Head of Product Management, Digital Portfolio at Rockwell Automation where he was instrumental in establishing the Cognite partnership to advance digital innovation in manufacturing. Shah will be responsible for driving innovation and product strategies for Cognite's industrial software portfolio including core AI platform, Cognite Data Fusion, and Cognite Atlas AI™, Cognite's industrial agent workbench. Joung is recognized as a change agent and driving force in digital transformation, AI, and modern marketing. She possesses deep domain expertise with more than 20 years of experience in building brands and driving awareness and growth across multiple audiences. She recently served as the Chief Growth and Marketing Officer at Seeq and held leadership roles at Visa, PTC, and Zuora. She will lead the company's marketing strategy to propel Cognite's brand and growth trajectory forward as CMO. Owen will spearhead Cognite's services and delivery team as CSO and drive unparalleled customer success. With more than 30 years of leadership in enterprise software and services, including his tenure as Global CIO for Blue Yonder, Owen brings a proven passion for customer service and delivery and a deep understanding of product development, professional services, and customer support across verticals worldwide. "Cognite is building a world-class team with deep domain knowledge, contemporary technology skills, and an approach to teaming, unique to us," said Girish Rishi, CEO, Cognite. "Sandy, Chirayu, and Bill will further fuel our growth scaling GenAI application to the data foundation. Sandy, Chirayu and Bill cherish our old school values: relentless in our endurance, owning our charter, and always, always making an impact towards our stakeholders' urgent interests." Cognite empowers industrial companies to make sense of their data to enable AI solutions and achieve rapid transformation. By leveraging Cognite's unique combination of a trustworthy data and AI foundation and low-code AI agents, companies can now scale AI initiatives across the enterprise to realize unprecedented productivity, efficiency and sustainability outcomes. To learn more about Cognite's latest product release featuring extensible AI agents to cut complexity, see here: About Cognite Cognite makes GenAI work for industry. Leading energy, manufacturing, and power & renewables enterprises choose Cognite to deliver secure, trustworthy, and real-time data to transform their asset-heavy operations to be safer, more sustainable, and profitable. Cognite provides a user-friendly, secure, and scalable platform that makes it easy for all decision-makers, from the field to remote operations centers, to access and understand complex industrial data, collaborate in real-time, and build a better tomorrow. Visit us at and follow us on LinkedIn and X. View source version on Contacts Media Contact:Michelle HolfordVice President, Global Sign in to access your portfolio
