Cognite
Cognite builds AI-powered data platforms that connect sensors, systems, and people in oil, gas, and manufacturing plants.
On the record
Checkpoint: Expected close of Schneider Electric's $3.1B acquisition of Cognite, pending regulatory approval
The call
Cognite remains the data layer Aker BP, TotalEnergies, and Aramco depend on, with its next chapter tied to whether Schneider Electric's acquisition closes cleanly.
Cognite builds software that helps oil and gas companies organize and use their data better, especially for safety and operations. The company is hard to replace because it has spent years learning how each customer's specific equipment works, and switching to something else would cost millions and take years. The one big thing that could change everything is whether the deal with Schneider Electric actually gets approved by regulators and closes as planned, because if it does, the owners get paid and move on, but if it falls apart, Cognite will have lost time and trust while competitors catch up.
Why
01
AI pressure: Palantir AIP. Palantir is pushing its industrial AI platform into oil, gas, and manufacturing, the same contextualization layer Cognite sells. Could AI do the core job? Unlikely.
02
Bigger players: Siemens Insights Hub and Honeywell Forge. If the Schneider Electric deal falls apart, Siemens and Honeywell could rebuild similar industrial AI platforms on their own installed bases. Could a giant copy it? No, they are blocked.
03
What protects it. Customer-specific knowledge graphs, multi-year integrations like TotalEnergies, and Aker BP/Aramco as both owners and buyers make switching costly.
What would change this call
Whether antitrust regulators clear the Schneider Electric deal before close. Shows if Cognite becomes part of AVEVA's parent or reverts to independent.
Departure rate of senior Cognite engineers after the acquisition closes. Would indicate whether Cognite's product and talent get absorbed into AVEVA CONNECT.
Number of live agents deployed under the Cognite-ABB collaboration by end of 2026. Tests whether the stated hundreds-of-agents target is actually being met.
Departure rate of senior Cognite engineers after the acquisition closes. Would indicate whether Cognite's product and talent get absorbed into AVEVA CONNECT.
Number of live agents deployed under the Cognite-ABB collaboration by end of 2026. Tests whether the stated hundreds-of-agents target is actually being met.
Key numbers
- Schneider Electric agreed to pay $3.1B for Cognite
- 2025 revenue exceeded $170M
- ARR bookings grew 36% year over year
Named risks
- Antitrust review could block or delay Schneider Electric's $3.1B acquisition announced 2026-06-30.
- Post-close integration into AVEVA CONNECT could dilute Cognite's roadmap and trigger engineer exits.
- Customer concentration: Aker BP and Aramco are both shareholders and major customers.
- December 2025 HQ move from Oslo to Tempe, Arizona may disrupt talent retention and continuity.
Rivals, as read in July 2026
| Rival | Direction | Evidence |
|---|---|---|
| AVEVA | gaining on | Schneider Electric, AVEVA's owner, paid $3.1B to acquire Cognite rather than build rival tech, 2026-06-30 |
| Palantir | contesting | Palantir expanding industrial AI with HD Hyundai and Samsung ties, per LNS Research, 2026-04-07 |
| Siemens | contesting | Siemens Insights Hub named an adjacent industrial AI platform rival, per IFS ranking, 2026-07-24 (vendor-claimed) |
| C3.ai | contesting | Listed alongside Cognite in Verdantix Green Quadrant Leaders cluster for industrial data platforms, 2025-07 |
Questions people ask
- Is Cognite profitable in 2026?
- Cognite has not disclosed net income. Its own June 30, 2026 acquisition announcement states 2025 revenue exceeded $170 million with 36% year over year ARR growth, but no profitability figure was released alongside the Schneider Electric deal.
- Who owns Cognite now?
- Schneider Electric announced a definitive all-cash agreement on June 30, 2026 to acquire 100% of Cognite for $3.1 billion, folding it into its AVEVA industrial software unit. The deal is pending regulatory approval and expected to close in coming quarters.
- Could AI replace Cognite?
- Not easily. Cognite's value sits in customer-specific industrial knowledge graphs like Aker BP's Yggdrasil and multi-year lock-in deals such as TotalEnergies' three-year global upstream rollout announced September 26, 2025, which generic AI agents don't replicate.
- Is Cognite a safe company to join in 2026?
- Cognite employed over 800 people as of its June 30, 2026 acquisition announcement and moved global HQ to Tempe, Arizona in December 2025 with about 40 senior leaders relocating. The pending $3.1 billion Schneider Electric acquisition adds post-close integration uncertainty.
- Who is Cognite's biggest competitor?
- AVEVA, owner of the legacy OSIsoft PI System, is Cognite's closest incumbent rival, and notably chose to acquire rather than compete: Schneider Electric agreed on June 30, 2026 to buy Cognite for $3.1 billion and fold it into AVEVA CONNECT.
- Did Cognite get acquired?
- Yes. Schneider Electric announced a definitive all-cash agreement on June 30, 2026 to acquire 100% of Cognite for $3.1 billion, pending regulatory approval, with plans to integrate the company into AVEVA CONNECT.
Timeline
- 2026-06-30Schneider Electric agrees to acquire Cognite for $3.1B all-cash, to fold into AVEVA CONNECT
- 2026-06-08Cognite launches Cognite Flows, an action layer for AI-native industrial workflows
- 2026-05-21Cognite and ABB partner on agentic AI, targeting hundreds of agents at Aker BP
- 2026-03-18IDC MarketScape names Cognite a Leader in industrial DataOps platforms
- 2025-12-03Cognite relocates global HQ to Tempe, Arizona, moving about 40 senior leaders
- 2025-10-30Forrester cites Aker BP cutting root cause analysis from months to hours via Cognite AI
- 2025-09-26TotalEnergies expands Cognite deal to 3 year global upstream rollout
- 2024-12-03Cognite claims Atlas AI boosts productivity 75%+ in some workflows
- 2024-06-17Cognite launches Atlas AI, a low code industrial agent workbench
- 2022-02-01Saudi Aramco buys Aker BP's roughly 7.4% stake in Cognite
Revision history
29 July 2026
First assessed. Defensible for now. The text above is fixed as of this date and is not edited afterwards.
In the same band
Sources
- Schneider Electric announces agreement to acquire Cognite (2026-06-30)
- Cognite Secures $150 Million Investment from TCV (2021-05-19)
- How Much Did Cognite Raise? (2025-05-15)
- Aramco Invests in Cognite (2022-02-01)
- Cognite Relocates Global HQ to Arizona (2025-12-03)
- Tech firm opens global HQ in Tempe (2025-12-31)
- Cognite Atlas AI Delivers Specialized Industrial Agents (2024-06-17)
- Cognite Accelerates Productivity by 75% with Industrial AI Agent Builder (2024-12-03)
- TotalEnergies and Cognite Expand Their Partnership (2025-09-26)
- Cognite and ABB Collaborate to Integrate Agentic AI (2026-05-21)
- Cognite Lets Customers Demonstrate The Power Of Industrial AI (2025-10-30)
- Cognite Positioned as a Leader in IDC MarketScape (2026-03-18)