Tuesday, May 3, 2016

Maana Digs Up $26M For Big Data Analytics

Palo Alto-based Maana, a developer of business-focused, big data analytics software, said today that it has raised $26M in a Series B funding round. The strategic funding was led by Saudi Aramco Energy Ventures, and also included Shell Technology Ventures, GE Ventures, Chevron Technology Ventures, Intel Capital, and Frost Data Capital. The company says it has now raised over $40M in funding. Dhiraj Malkani of Saudi Aramco Energy Ventures and Andy Fligel of Intel Capital, will both join the board, with Carl Stjernfeldt of Shell joining as an observer.