Skip to main content

Modulai vs Celonis

Side-by-side on valuation, funding, investors, founders & more

Comparison updated: April 2026

Celonis is valued at $13B — more than 3x Modulai's N/A.

Head-to-Head Verdict

Celonis leads on 4 of 4 metrics

Modulai

0 wins

-Funding
-Awaira Score
-Team Size
-Experience

Celonis

4 wins

+Funding
+Awaira Score
+Team Size
+Experience

Key Numbers

Valuation
N/A
$13B
Total Funding
$2M
$2B
Awaira Score
30/100
90/100
Employees
1-50
1000+
Founded
2018
2011
Stage
Seed
Series D
ModulaiCelonis
Modulai logo
Modulai

🇸🇪 Sweden · Carl Broms

SeedEnterprise AIEst. 2018

Valuation

N/A

Total Funding

$2M

Awaira Score30/100

1-50 employees

Full Modulai Profile →
Winner
Celonis logo
Celonis

🇩🇪 Germany · Alexander Rinke

Series DEnterprise AIEst. 2011

Valuation

$13B

Total Funding

$2B

Awaira Score90/100

1000+ employees

Full Celonis Profile →
Market Context

As Enterprise AI players, Modulai and Celonis target overlapping customers despite operating from different countries. The stage gap — Modulai at Seed vs Celonis at Series D — shapes how each company allocates capital and talent.

🔬

Analyst Summary

Built from real data · Updated April 2026

Companies

The Enterprise AI sector features both Modulai and Celonis as key players. Modulai develops AI systems for game optimisation and player behaviour analysis, using reinforcement learning and player modelling techniques to help game developers create adaptive game difficulty systems, balance in-game economies, and personalise player experiences at scale. Celonis builds a process mining and execution management platform that uses machine learning to extract, visualise, and optimise business processes from event log data in enterprise systems including SAP, Oracle, Salesforce, and ServiceNow.

Funding & Valuation

Celonis carries a disclosed valuation of $13B, while Modulai remains privately valued. Capital raised tells a clear story: Celonis at $2B versus Modulai at $2M — a $2B difference.

Growth Stage

With a 7-year head start, Celonis (founded 2011) has had considerably more time to mature than Modulai (2018). Modulai is at Seed while Celonis stands at Series D, indicating different levels of maturity and investor risk. Headcount tells a story too: Modulai has 1-50 employees and Celonis has 1000+.

Geography & Outlook

Based in 🇸🇪 Sweden and 🇩🇪 Germany respectively, Modulai and Celonis tap into different talent markets and regulatory environments. On Awaira's 0-100 scale, Celonis leads decisively at 90 compared to Modulai's 30. Modulai, led by Carl Broms, and Celonis, led by Alexander Rinke, each bring distinct leadership visions to the AI sector.

Funding Velocity

Modulai

Total Rounds1
Avg. Round Size$2M

Celonis

Total Rounds3
Avg. Round Size$446.7M
Funding Span2.9 yrs

Funding History

Modulai has completed 1 funding round, while Celonis has gone through 3. Modulai's most recent round was a Seed of $2M, compared to Celonis's Series D ($1B). Modulai is at Seed while Celonis is at Series D — different points in their growth trajectory.

Team & Scale

Celonis has the bigger team at roughly 1000+ people — 1000x the size of Modulai's 1-50. Celonis has a 7-year head start, founded in 2011 vs Modulai's 2018. Geographically, they're in different markets — Modulai operates out of Sweden and Celonis from Germany.

Metrics Comparison

MetricModulaiCelonis
💰Valuation
N/A
$13B
📈Total Funding
$2M
$2BWINS
📅Founded
2018WINS
2011
🚀Stage
Seed
Series D
👥Employees
1-50
1000+
🌍Country
Sweden
Germany
🏷️Category
Enterprise AI
Enterprise AI
Awaira Score
30
90WINS

Key Differences

📈

Funding gap: Celonis has raised $2B more ($2B vs $2M)

📅

Market experience: Celonis has 7 years more (founded 2011 vs 2018)

🚀

Growth stage: Modulai is at Seed vs Celonis at Series D

👥

Team size: Modulai has 1-50 employees vs Celonis's 1000+

🌍

Market base: 🇸🇪 Modulai (Sweden) vs 🇩🇪 Celonis (Germany)

⚔️

Direct competitors: Both operate in the Enterprise AI market segment

Awaira Score: Celonis scores 90/100 vs Modulai's 30/100

Which Should You Choose?

Use these signals to make the right call

Modulai logo

Choose Modulai if…

  • Sweden-based for regional compliance or proximity
  • Modulai develops AI systems for game optimisation and player behaviour analysis, using reinforcement learning and player modelling techniques to help game developers create adaptive game difficulty systems, balance in-game economies, and personalise player experiences at scale
Celonis logo

Choose Celonis if…

Top Pick
  • Higher Awaira Score — 90/100 vs 30/100
  • More established by valuation ($13B)
  • Stronger investor backing — raised $2B
  • More market experience — founded in 2011
  • Germany-based for regional compliance or proximity
  • Celonis builds a process mining and execution management platform that uses machine learning to extract, visualise, and optimise business processes from event log data in enterprise systems including SAP, Oracle, Salesforce, and ServiceNow

Funding History

Modulai raised $2M across 1 round. Celonis raised $2B across 3 rounds.

Modulai

Seed

Jun 2018

$2M

Celonis

Series D

Jun 2021

Lead: Arena Holdings

$1B

Series C

Nov 2020

Lead: Arena Holdings

$290M

Series B

Jun 2018

Lead: Accel

$50M

Investor Comparison

No shared investors detected between these two companies.

Unique to Celonis

Arena HoldingsDurable Capital PartnersT. Rowe PriceFranklin TempletonAccel83North

Users Also Compare

FAQ — Modulai vs Celonis

Is Modulai bigger than Celonis?
Celonis has a disclosed valuation of $13B, while Modulai's valuation is not publicly available, making a direct size comparison difficult. Celonis employs 1000+ people.
Which company raised more funding — Modulai or Celonis?
Celonis has raised more in total funding at $2B, compared to Modulai's $2M — a gap of $2B. Combined, the two companies have completed 4 known funding rounds.
Which company has a higher Awaira Score?
Celonis leads with an Awaira Score of 90/100, while Modulai sits at 30/100. That 60-point gap reflects real differences in funding, scale, and traction — it's not a vanity metric.
Who founded Modulai vs Celonis?
Modulai was founded by Carl Broms in 2018. Celonis was founded by Alexander Rinke in 2011. Visit each company's profile on Awaira for a full founder biography.
What does Modulai do vs Celonis?
Modulai: Modulai develops AI systems for game optimisation and player behaviour analysis, using reinforcement learning and player modelling techniques to help game developers create adaptive game difficulty systems, balance in-game economies, and personalise player experiences at scale. The Stockholm company targets mobile and PC game studios seeking to improve player retention and monetisation through AI systems that respond dynamically to individual player behaviour patterns.\n\nThe company is early stage with seed-level funding from Swedish technology investors and angel backers with backgrounds in the gaming industry. Modulai has worked with Nordic game studios on player lifetime value prediction and dynamic difficulty adjustment systems that modify gameplay parameters in response to real-time player performance signals.\n\nModulai operates in the game AI market alongside companies including Modl.ai, Wluper, and the internal AI teams of large game publishers including Electronic Arts, Ubisoft, and Activision Blizzard. The intersection of machine learning and game development is growing as game companies recognise that AI systems can replace hand-tuned difficulty parameters and rule-based player progression with data-driven systems that optimise for long-term engagement. Sweden strong gaming industry heritage, including companies such as Mojang, King, and DICE, provides Modulai with a natural target client base and a talent pool with combined gaming and technical expertise. Celonis: Celonis builds a process mining and execution management platform that uses machine learning to extract, visualise, and optimise business processes from event log data in enterprise systems including SAP, Oracle, Salesforce, and ServiceNow. The Munich company platform connects to enterprise software transaction records, reconstructs actual business process flows from data, identifies inefficiencies and compliance deviations, and provides AI-powered recommendations for process improvement.\n\nThe company raised approximately $1.4 billion including a $1 billion Series D round in 2021 from investors including Arena Holdings, Durable Capital, and T. Rowe Price, valuing it at $13 billion and making it one of Germany most valuable private technology companies. Celonis counts over 1,000 enterprise clients including Siemens, Uber, 3M, and Vodafone, with large deployments across order-to-cash, procure-to-pay, and accounts payable processes generating measurable working capital improvements and operational cost reductions.\n\nCelonis created the process mining software category and competes against SAP Signavio, IBM Process Mining, and Minit in a market it largely invented. The company has expanded from analytical process mining tools into execution management, embedding AI recommendations directly into enterprise workflows rather than producing reports for human review. This execution layer differentiates Celonis from pure analytics vendors and creates a stickier product that becomes embedded in operational processes rather than consumed as a standalone analysis tool.
Which company was founded first?
Celonis got there first, launching in 2011 — that's 7 years of extra runway. Modulai didn't arrive until 2018. In AI, that kind of head start means more training data, deeper customer relationships, and a bigger talent moat.
Which company has more employees?
Modulai has about 1-50 employees; Celonis has about 1000+. A bigger team usually means more revenue or heavier VC backing, but in AI, small teams can build at massive scale.
Are Modulai and Celonis competitors?
Yes — they're direct rivals. Both Modulai and Celonis compete in Enterprise AI, targeting many of the same buyers. If you're evaluating one, you should be looking at the other.

Bottom Line

Celonis has a clear lead here — Awaira Score of 90 vs Modulai's 30. The difference comes down to funding depth and team scale.

Who Should You Watch?

Celonis is in the stronger position — better score and deeper pockets. But Modulai has room to surprise, especially if they land a marquee investor. Follow both profiles on Awaira to track funding rounds, team changes, and score updates.

Deep Dive