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May 4, 2016

Maana Raises $26M in Funding

PALO ALTO, Calif., May 4 — Maana, the advanced analytics platform that operationalizes big data insights into line-of-business applications, today announced that the company has raised $26 million in Series B funding led by Saudi Aramco Energy Ventures, the corporate venturing arm of Saudi Aramco, the world’s largest integrated energy enterprise. Also new to this round of financing is Shell Technology Ventures, the corporate venture capital arm of Shell. Existing investors GE Ventures, Chevron Technology Ventures, Intel Capital, and Frost Data Capital also participated in this round. Maana is the first startup in big data analytics and IoT, to raise such a large amount of funding primarily from strategic investors. Series B brings the total funding raised to-date, to over $40 million. This round also brings together some of the world’s largest oil and gas and industrial enterprises as investors, many of which are also Maana customers and have seen the speed at which Maana enables them to optimize their key industrial assets and business processes.

Dhiraj Malkani, Investment Director at Saudi Aramco Energy Ventures and Andy Fligel, Director at Intel Capital, will join the Board. Carl Stjernfeldt, North America Venture Manager at Shell, will join as a Board Observer.

“Maana invented the enterprise knowledge graph, taking asset and process optimization to the next level. Our platform is unique in the way it forms operational knowledge from data in silos and translates this knowledge into recommendations for thousands of employees to make better day-to-day decisions,” said Babur Ozden founder and chief executive officer at Maana. “We are very proud of the fact that our investors share our vision regarding the significance of the enterprise knowledge graph as a unique innovation in big data analytics for asset optimization. The business value that Maana is delivering to their organizations and customers is unlike any other technology available in the market today.”

“We decided to invest in Maana after seeing first-hand the business value that Maana’s platform delivers in optimizing assets and processes at some of the world’s largest industrial companies. Maana’s patented invention, the enterprise knowledge graph, is transforming big data analytics with game changing technology that solves some of the most challenging enterprise problems,” said Dhiraj Malkani, Investment Director at Saudi Aramco Energy Ventures. “Maana’s marquee list of Fortune Global 500 customers is testament to the tremendous market opportunity that lies ahead for Maana.”

Maana Drives a New Paradigm in Big Data Analytics for Asset Optimization

Maana invented the “enterprise knowledge graph” for industrial asset optimization.  At the center of its advanced analytics platform is its patented enterprise knowledge graph. This breakthrough innovation in knowledge technology enables distributed, high-speed computation for data mining and machine learning across all data silos and data types to provide a holistic view of assets and business processes to be optimized.

This new paradigm in big data leapfrogs over the traditional “data lake” concept into the world of knowledge.  Instead of simply extracting data from their current silos and placing them into a “lake,” Maana takes the data from silos and organizes it into a knowledge graph that enables analysts, subject-matter experts, and data scientists to truly collaborate –– for the first time –– on solving the toughest business problems.  Over time, Maana’s enterprise knowledge graph grows and itself becomes a key information asset, capturing the complex relations and dynamics of how the business and its core assets operate.  By capturing and representing operational knowledge, more people have access to it, enabling wider knowledge sharing transfer that leads to optimization of those assets and processes. Maana then enables subject-matter experts and business analysts to translate those big data insights into recommendations and embed them into line-of-business applications for thousands of employees to make smarter day-to-day decisions.

This investment will be used to expand product development, and build the sales and marketing teams to dramatically scale go-to-market and meet the continued demand for its platform.

About Maana

Maana is the advanced analytics platform that operationalizes big data insights into line-of-business applications. Maana’s groundbreaking enterprise knowledge graph enables companies to analyze data in multiple silos simultaneously, accelerating the time it takes to go from raw data to continuous insights.  Enterprises are optimizing their key assets and business processes with Maana by operationalizing big data insights and recommendations into line-of-business applications for thousands of employees to make better decisions. Investors include Chevron Technology Ventures, ConocoPhillips Technology Ventures, Frost Data Capital, GE Ventures, Intel Capital Saudi Aramco Energy Ventures, and Shell Technology Ventures. Maana is privately held with offices in Palo Alto, California, and Bellevue, Washington. Visit us at www.maana.io


Source: Maana

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