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 Industrial Pie

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.

MAANA Knowledge Platform

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.




More Details

Highlights

+ 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.

Additional Coverage

- https://www.seattletimes.com/business/technology/bellevue-big-data-firm-maana-pulls-in-money-from-oil-industry-china/

- https://www.maana.io/company/press-release/maana-raises-28m-cicc-accenture-strategic-investors-accelerate-ai-driven-industrial-digital-transformation/

- http://www.transformingnetworkinfrastructure.com/topics/virtualization/articles/434952-digital-transformation-initiatives-must-beg-with-knowledge-not.htm


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