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Venture Capital
frostdatacapital.com

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Investments

38

Portfolio Exits

4

Funds

4

Partners & Customers

2

About Frost Data Capital

Frost Data Capital, formerly Frost Venture Partners (Frost VP), is transforming the venture capital and incubator model through parallel entrepreneurship, creating the most beneficial outcome for our investors, entrepreneurs, employees, and partners. Unlike most other incubators who chase the latest hot startups across multiple areas, Frost is very strongly focused on Big Data analytics.

Frost Data Capital Headquarters Location

31910 Del Obispo Street Suite 100

San Juan Capistrano, California, 92675,

United States

949-373-9640

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Latest Frost Data Capital News

Maana raises $26 mln from Saudi Aramco, Shell, GE, Chevron, Intel, Frost

May 3, 2016

Maana raises $26 mln from Saudi Aramco, Shell, GE, Chevron, Intel, Frost May 3, 2016 By Mark Boslet Maana said it raised $26 million of Series B funding in a deal led by Saudi Aramco Energy Ventures. Also new to the round is Shell Technology Ventures. The financing was joined by existing investors GE Ventures, Chevron Technology Ventures, Intel Capital, and Frost Data Capital. The company has now raised more than $40 million. PRESS RELEASE Maana Raises $26 Million Series B Strategic Investment Round Led by Saudi Aramco Energy Ventures PALO ALTO, California—May 03, 2016—Maana, the advanced analytics platform that operationalizes big data insights into line-of-business applications, today announced that the company has raised $26 million in Series B funding led by Saudi Aramco Energy Ventures, the corporate venturing arm of Saudi Aramco, the world’s largest integrated energy enterprise. 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. Maana is the first startup in big data analytics and IoT, to raise such a large amount of funding primarily from strategic investors. Series B brings the total funding raised to-date, to over $40 million. This round also brings together some of the world’s largest oil and gas and industrial enterprises as investors, many of which are also Maana customers and have seen the speed at which Maana enables them to optimize their key industrial assets and business processes. 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. “We are very proud of the fact that our investors share our vision regarding the significance of the knowledge graph as a unique innovation in big data analytics for asset optimization. The business value that Maana is delivering to their organizations and customers is unlike any other technology available in the market today.” “We decided to invest in Maana after seeing first-hand the business value that Maana’s platform delivers in optimizing assets and processes at some of the world’s largest industrial companies. Maana’s patented invention, the Emergent Semantic Graph, is transforming big data analytics with game changing technology that solves some of the most challenging enterprise problems,” said Dhiraj Malkani, Investment Director at Saudi Aramco Energy Ventures. “Maana’s marquee list of Fortune Global 500 customers is testament to the tremendous market opportunity that lies ahead for Maana.” Maana Drives a New Paradigm in Big Data Analytics for Asset Optimization Maana invented the “enterprise knowledge graph” for industrial asset optimization. At the center of its advanced analytics platform is its patented Emergent Semantic Graph. This breakthrough innovation in knowledge technology enables distributed, high-speed computation for data mining and machine learning across all data silos and data types to provide a holistic view of assets and business processes to be optimized. This new paradigm in big data leapfrogs over the traditional “data lake” concept into the world of knowledge. Instead of simply extracting data from their current silos and placing them into a “lake,” Maana takes the data from silos and organizes it into a knowledge graph that enables analysts, subject-matter experts, and data scientists to truly collaborate –– for the first time –– on solving the toughest business problems. Over time, Maana’s enterprise knowledge graph grows and itself becomes a key information asset, capturing the complex relations and dynamics of how the business and its core assets operate. By capturing and representing operational knowledge, more people have access to it, enabling wider knowledge sharing transfer that leads to optimization of those assets and processes. Maana then enables subject-matter experts and business analysts to translate those big data insights into recommendations and embed them into line-of-business applications for thousands of employees to make smarter day-to-day decisions. This investment will be used to expand product development, and build the sales and marketing teams to dramatically scale go-to-market and meet the continued demand for its platform. About Maana Maana is the advanced analytics platform that operationalizes big data insights into line-of-business applications. Maana’s ground breaking enterprise knowledge graph enables companies to analyze data in multiple silos simultaneously, accelerating the time it takes to go from raw data to continuous insights. Enterprises are optimizing their key assets and business processes with Maana by operationalizing big data insights and recommendations into line-of-business applications for thousands of employees to make better decisions. Investors include Chevron Technology Ventures, ConocoPhillips Technology Ventures, Frost Data Capital, GE Ventures, Intel Capital Saudi Aramco Energy Ventures, and Shell Technology Ventures. Maana is privately held with offices in Palo Alto, California, and Bellevue, Washington. Visit us at www.maana.io About Chevron Technology Ventures Chevron Technology Ventures pursues business solutions and technologies with the potential to improve Chevron’s base business operations by finding, sponsoring and demonstrating emerging technologies, and championing their integration into Chevron to improve business value. The Venture Capital Team invests in companies at any phase in the development cycle – from providing early-stage seed investment to offering capital for full-scale commercialization – and helps transfer the technology into the business. http://www.chevron.com/ctv/ctvi/ About Frost Data Capital Frost Data Capital is a combined incubator and venture capital firm with a unique approach designed specifically to capture some of the enormous value that will be created as the “Big Data” revolution unfolds. Based out of Southern California, Frost Data Capital has built an ecosystem of innovative start-ups with deep expertise in big data, entrepreneurialism, advanced technology, analytics, and the Industrial Internet. www.frostdatacapital.com About GE Ventures GE Ventures is committed to identifying, scaling and accelerating ideas that will make the world work better. Focused on the areas of software and analytics, advanced manufacturing, energy and healthcare, GE Ventures helps entrepreneurs and start-ups succeed by providing access to GE’s technical expertise, capital, and opportunities for commercialization through GE’s global network of business, customers, and partners. GE Ventures is headquartered in Menlo Park, CA. For more information, please visit www.geventures.com. About Intel Capital Intel Capital, Intel’s strategic investment and M&A organization, backs innovative technology startups and companies worldwide. Intel Capital invests in a broad range of companies offering hardware, software, and services targeting computing and smart devices, cloud, datacenter, security, the Internet of Things, wearable and robotic technologies and semiconductor manufacturing. Since 1991, Intel Capital has invested US$11.7 billion in 1,445 companies in 57 countries. In that timeframe, 212 portfolio companies have gone public on various exchanges around the world, and 383 were acquired or participated in a merger. Through its business development programs, Intel Capital curates thousands of introductions each year between its portfolio executives and Intel’s customers and partners in the Global 2000. For more information on what makes Intel Capital one of the world’s most powerful venture capital firms, visit www.intelcapital.com or follow @Intelcapital. About Saudi Aramco Energy Ventures (SAEV) Saudi Aramco Energy Ventures is the corporate venturing subsidiary of the Saudi Arabian Oil Company (Saudi Aramco), the world’s leading fully integrated energy and petrochemical enterprise. Headquartered in Dhahran with offices in North America and Europe, SAEV’s mission is to invest globally in start-ups and high growth companies with technologies of strategic importance to its parent, Saudi Aramco. For more information about SAEV, visit www.aramcoventures.com About Shell Technology Ventures Shell Technology Ventures (“STV”) is the corporate venture capital arm of Royal Dutch Shell plc (“Shell”). With major offices in Europe and the USA, STV invests in technology companies to enhance the development of new technologies that have the potential to create substantial deployment value in Shell. Continuing Shell’s tradition in venture capital since 1998, STV’s investment focus includes oil & gas, renewable energy technologies, water and IT. STV co-invests with other corporate investors, venture capital funds and angels and will invest in both early stage and late stage (growth capital) companies. For more information, please visit http://www.shell.com/energy-and-innovation/innovating-together/shell-technology-ventures.html © 2015 Buyouts Insider / Argosy Group LLC

Frost Data Capital Investments

38 Investments

Frost Data Capital has made 38 investments. Their latest investment was in MAANA as part of their Unattributed VC on November 11, 2020.

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Frost Data Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/6/2020

Unattributed VC

MAANA

$2M

No

1

9/5/2019

Series C - II

MAANA

$4.02M

No

1

5/18/2017

Seed VC - III

NarrativeWave

$1.03M

No

1

2/10/2017

Series C

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10

11/22/2016

Convertible Note

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$99M

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10

Date

11/6/2020

9/5/2019

5/18/2017

2/10/2017

11/22/2016

Round

Unattributed VC

Series C - II

Seed VC - III

Series C

Convertible Note

Company

MAANA

MAANA

NarrativeWave

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Amount

$2M

$4.02M

$1.03M

$99M

New?

No

No

No

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Co-Investors

Sources

1

1

1

10

10

Frost Data Capital Portfolio Exits

4 Portfolio Exits

Frost Data Capital has 4 portfolio exits. Their latest portfolio exit was MAANA on July 01, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

7/1/2021

Acquired

$99M

1

9/17/2018

Acquired

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$99M

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10

1/1/2017

Acquired

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$99M

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10

9/20/2016

Acquired

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$99M

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10

Date

7/1/2021

9/17/2018

1/1/2017

9/20/2016

Exit

Acquired

Acquired

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

Acquirer

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Sources

1

10

10

10

Frost Data Capital Fund History

4 Fund Histories

Frost Data Capital has 4 funds, including Frost Fund III.

Closing Date

Fund

Fund Type

Status

Amount

Sources

1/5/2017

Frost Fund III

Early-Stage Venture Capital

Closed

$23.44M

2

5/7/2015

Frost VP Early Stage Fund II

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$99M

10

8/17/2012

Frost VP Seed Fund

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$99M

10

Frost VP Seed

10

Closing Date

1/5/2017

5/7/2015

8/17/2012

Fund

Frost Fund III

Frost VP Early Stage Fund II

Frost VP Seed Fund

Frost VP Seed

Fund Type

Early-Stage Venture Capital

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Status

Closed

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Amount

$23.44M

$99M

$99M

Sources

2

10

10

10

Frost Data Capital Partners & Customers

2 Partners and customers

Frost Data Capital has 2 strategic partners and customers. Frost Data Capital recently partnered with DST Systems on September 9, 2016.

Date

Type

Business Partner

Country

News Snippet

Sources

9/28/2016

Partner

United States

DST ANNOUNCES STRATEGIC ALLIANCE WITH FROST DATA CAPITAL TO DRIVE ACCELERATED DATA INNOVATION — Frost

DST Systems , Inc. , a leading global technology , strategic advisory , and operations outsourcing company and Frost Data Capital , a combined incubator and venture capital firm , today announced a strategic alliance to accelerate innovation and advance big data analysis for healthcare businesses ... Under this new alliance , DST Systems , Inc. and Frost Data Capital will use their combined expertise , funding and resources to turn transformative ideas into startup companies focused on value-based care .

1

7/15/2015

Partner

United States

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10

Date

9/28/2016

7/15/2015

Type

Partner

Partner

Business Partner

Country

United States

United States

News Snippet

DST ANNOUNCES STRATEGIC ALLIANCE WITH FROST DATA CAPITAL TO DRIVE ACCELERATED DATA INNOVATION — Frost

DST Systems , Inc. , a leading global technology , strategic advisory , and operations outsourcing company and Frost Data Capital , a combined incubator and venture capital firm , today announced a strategic alliance to accelerate innovation and advance big data analysis for healthcare businesses ... Under this new alliance , DST Systems , Inc. and Frost Data Capital will use their combined expertise , funding and resources to turn transformative ideas into startup companies focused on value-based care .

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Sources

1

10

Frost Data Capital Team

13 Team Members

Frost Data Capital has 13 team members, including current Chief Financial Officer, Bill K Guerry.

Name

Work History

Title

Status

Bill K Guerry

Chief Financial Officer

Current

Bill Guery

Chief Financial Officer

Current

Dave Salch

Chief Technology Officer

Current

Jim Greene

General Partner

Current

Miles Mahoney

General Partner

Current

Name

Bill K Guerry

Bill Guery

Dave Salch

Jim Greene

Miles Mahoney

Work History

Title

Chief Financial Officer

Chief Financial Officer

Chief Technology Officer

General Partner

General Partner

Status

Current

Current

Current

Current

Current

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