Schneider Electric Acquires Cognite for $3.1 Billion, Boosting AI-Driven Industrial Data Solutions
July 3, 2026
Cognite offers an Agentic AI Data Platform tailored for industrial data, enabling real-time data fusion, contextualization, and AI-driven workflows for factories.
Schneider Electric announced a cash-based acquisition of Cognite for $3.1 billion, valuing Cognite at roughly 18 times its 2025 revenue of over $170 million.
Flagship customer Celanese uses Cognite to digitize operations, with a GenAI UI that surfaces contextual data, creates new workflows, and supports preventative maintenance, delivering strong ROI and efficiency gains.
Concerns about AI hallucinations are addressed by Cognite, which asserts that proper data contextualization and human-in-the-loop checks mitigate these issues.
GenAI drives workflows and mini-apps, including automated recalls and supply-chain responses, with options to use Anthropic, OpenAI, Gemini models, and an in-house foundation model called Dark Horse optimized for industrial time-series data.
The platform handles time-series data from sensors and diverse sources—documents, images, audio, and video—enabling rapid cross-data insights and actions.
CEO Girish Rishi emphasizes that contextualized data is essential for reliable AI outcomes, with the knowledge graph enabling rapid root-cause analysis and actionable insights.
Contextualization via Cognite’s knowledge graphs links data across silos, accelerating root-cause analysis and problem resolution in industrial settings.
Cognite counts large chemical and energy players among its customers, underscoring the strategic value of its technology for Schneider Electric and its clients.
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Forbes • Jul 3, 2026
Schneider Electric To Acquire Cognite For Its’ Cutting-Edge Technology