Aker ASA: Cognite closes financing round with TCV
Reference is made to the announcement made on 19 May 2021 that Cognite raised USD 150 million in a Series B investment by TCV, a leading technology-focused growth equity firm. Aker announces that the transaction has been finalized and closed, in accordance with previously communicated terms. The USD 150 million Series B investment raises Cognite’s valuation to USD 1.6 billion, on a 100 percent basis. TCV thus owns 9.4 percent of the shares in the company, while Aker’s shareholding stands at 50.5 percent following closing of the transaction, as well as the previous equity conversion of