Maana, an industrial knowledge platform turns human expertise and data into digital knowledge for employees to make informed decisions raised a $28M Series C round. The latest round was led by China International Capital Corporation (CICC) and Eight Square Capital and all existing investors.
Maana’s total investment has reached $68M and has some of the most recognized industrial brands as backers which include Intel Capital, GE Ventures, Chevron Technology Ventures, Saudi Aramco Energy Ventures and Shell Technology Ventures. The company plans to use the funding proceeds for global expansion and service delivery.
“The latest investment will be used to scale our business globally and support our growing Fortune Global 500 customer base. This funding combined with the strategic alliance Maana has established with Accenture, demonstrates the demand for Maana’s cutting-edge AI-driven knowledge technology as a key enabler of digital transformation at the world’s largest industrial companies.” Babur Ozden, CEO and co-founder, Maana
At the core of Maana’s digital knowledge platform are knowledge graph and unified index strategy. Both of the features enable search and distributed high-speed computation for data mining and machine learning across multiple data silos and types.
The platform can collect data from multiple sources such as log/event data, documents, Hadoop clusters, applications, data warehouse and time series data. It then applies data and statistical algorithms to classify and model the data into various categories. The insights can be transferred as inputs to the LoB (line-of-business) apps.