Industrial knowledge platform Maana banks $28M Series C
Dec 21 2017
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.
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.
+ In 2017 Maana’s technology was recognized by several well-respected industry organizations, including the World Economic Forum recognizing Maana as a 2017 Technology Pioneer. CB Insights also recognized Maana as one of one hundred most promising private artificial intelligence companies in the world.
+ Core technologies used by Maana include AI, data mining, and machine learning.
+ Data scientists, data analysts, and domain experts are the primary users of Manaa’s knowledge platform.
Maana Raises $28M from CICC, Accenture and Other Strategic Investors to Accelerate AI-driven Industrial Digital Transformation. #Knowldege #ArtificialIntelligence https://t.co/8bjKivagqh pic.twitter.com/I6ONdobcFc— MAANA (@MaanaKnowledge) December 19, 2017
Accenture Forms Alliance with Maana to Help Oil and Gas Clients Accelerate Digital Transformation. Accenture Ventures makes a minority investment in Maana.https://t.co/SvovjkSehO pic.twitter.com/mvOld0j6OZ— MAANA (@MaanaKnowledge) December 19, 2017