Maana, an advanced analytics platform that operationalizes big data insights into line-of-business applications, has raised $26 million in Series B funding led by Saudi Aramco Energy Ventures, the corporate venturing arm of Saudi Aramco. 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.
Series B brings the total funding raised to-date to over $40 million. The recent funding round brings together some of the world’s largest oil and gas and industrial enterprises as investors, many of which are also Maana customers. Manna plans to use the investment to expand product development and build the sales and marketing teams to scale go-to-market and meet demand for its platform.
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.
Maana is privately held with offices in Palo Alto, California, and Bellevue, Washington.