When was CENIT founded?

CENIT was founded in 1988 and raised its 1st funding round 28 years after it was founded.

Where is CENIT located?

CENIT is headquartered in Stuttgart, Germany.

How many employees does CENIT have?

As of May 31, 2026, the latest employee count at CENIT is 571.

Is CENIT a funded company?

CENIT is a funded company, having raised an undisclosed amount across 2 funding rounds to date. The company's 1st funding round was a $***** Grant (prize money) round, raised on Sep 01, 2016.

When was the latest funding round of CENIT?

CENIT's latest funding was a $***** Post IPO round on Nov 06, 2020, with participation from 1 investor.

Where does CENIT rank among its competitors?

CENIT ranks 38th amongst 2011 active competitors, of which 184 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Pigment, which secured $145M in Apr, 2024.

Who are the top competitors of CENIT?

CENIT's top competitors include Smartsheet, monday.com and Notion. Among them, Pigment secured the most recent funding round in April, 2024.

CENIT - 2026 Company Profile, Team, Funding & Competitors

CENIT is a public company based in Stuttgart (Germany), founded in 1988. It operates as a Provider of PLM and SAP implementation services. CENIT has raised an undisclosed amount in funding. The company has 2011 active competitors, including 184 funded and 99 that have exited. Its top competitors include companies like Smartsheet, monday.com and Notion.

Company Details

Cenit AG provides software and consulting solutions for the manufacturing industry and financial services providers. It provides services such as product lifecycle management, enterprise information management, SAP solutions, application management services, 360-degree customer communication, processing, file & document management, application modernization & migration, digital factory solutions, and predictive analytics. Recticel, Vahle Group, Kardex Mlog, Copro Technology, Crown, and SaarGummi are part of its clientele.

Website: www.cenit.com/
Social
Email ID: *****@cenit.de
Phone Number: +49 **********

Key Metrics

Founded Year

1988

Location

Stuttgart, Germany

Stage

Public

Latest Funding Round

Post IPO, Nov 06, 2020, $*****

Investors

Primepulse & 2 more

Ranked

38^th among 2011 active competitors

Employee Count

571 as on May 31, 2026

Investment & Acquisitions

Analysis Prime & 1 more

Similar Companies

Smartsheet & 2754 more

Exit Details

Public

View CENIT's full profile

CENIT is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
CENIT NORTH AMERICA INC CIN: 383637782 , United States, Active	Dec 31, 1999	-	11 (As on Dec 31, 2024)	-
Cenit Ag CIN: 70565 , Germany, Active	Dec 31, 1987	-	-

CENIT got listed on May 31, 1998.

Click here to take a look at CENIT's IPO in detail

CENIT has raised funding over 2 rounds. Its first funding round was on Sep 01, 2016. Its latest funding round was a Post IPO round on Nov 06, 2020 for $*****. 1 investor participated in its latest round. CENIT has 3 institutional investors.

Here is the list of recent funding rounds of CENIT:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Nov 06, 2020	9999050	Post IPO	3423250	5982068	2568189	7222520
Sep 01, 2016	4191700	Grant (prize money)	5222593	2537170	7950416	Europa

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CENIT's employee count trend

CENIT has 571 employees as of May 26. Here is CENIT's employee count trend over the years:

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Top competitors of CENIT include Smartsheet, monday.com and Notion. Here is the list of Top 10 competitors of CENIT, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Smartsheet 2005, Bellevue (United States), Acquired	Cloud based suite solutions for enterprise project management	$121M	Insight Partners, Madrona & 11 others	83/100
2nd	monday.com 2012, Tel Aviv (Israel), Public	Cloud-based platform offering suite solutions for project management	$235M	Genesis Partners, Entree Capital & 19 others	82/100
3rd	Notion 2013, San Francisco (United States), Series D	Developer of an AI-powered workspace for team collaboration and productivity	$418M	Index Ventures, Temasek & 40 others	81/100
4th	Airtable 2013, San Francisco (United States), Series F	Cloud and AI based low code workflow and app development platform	$1.35B	CRV, Caffeinated Capital & 57 others	79/100
5th	Asana 2008, San Francisco (United States), Public	Cloud-based platform offering project management software	$453M	Generation Investment Management, Benchmark ... & 30 others	79/100
6th	Clickup 2016, Palo Alto (United States), Series C	Developer of a platform providing project management and team collaboration	$535M	Tiger Global Management, Georgian & 7 others	78/100
7th	Anaplan 2006, San Francisco (United States), Acquired	Provider of cloud-based platform for scenario planning, analysis, and reporting	$300M	Premji Invest, Meritech & 27 others	77/100
8th	PTC 1985, Boston (United States), Public	Provider of software for product lifecycle management, CAD, IoT, and service	-	Bessemer Venture Partners, CRV & 2 others	76/100
9th	Pigment 2019, Paris (France), Series D	Business planning and project management platform for businesses	$397M	Iconiq Capital, Meritech & 11 others	73/100
10th	Trello 2011, New York City (United States), Acquired	Cloud-based enterprise collaboration platform for project management	$10.3M	Index Ventures, Spark Capital & 2 others	72/100
38th	CENIT 1988, Stuttgart (Germany), Public	Provider of PLM and SAP implementation services	-	Primepulse, Quest for Growth & 1 others	53/100