Maana’s investors include the venture arms of some of the world’s largest companies







Maana Board

Stuart Frost

Stuart Frost
Frost Data Capital

Babur Ozden

Babur Ozden


Andy Fligel
Intel Capital

Cory Steffek

Cory Steffek
Saudi Aramco Energy Ventures

Independent Director
TK Kurien
Azim Premji Investments


Mike Dolbec
GE Ventures

Richard Pardoe

Richard Pardoe
Chevron Technology Ventures

Carl Stjernfeldt
Shell Technology Ventures

Babur Ozden

Babur Ozden is founder and CEO of Maana, the Knowledge Platform that accelerates enterprise profitability. Maana is backed by Chevron Technology Ventures, Frost Data Capital, GE Ventures, Intel Capital, Saudi Aramco Energy Ventures, and Shell Technology Ventures. Babur served as the president of DataCert, the largest SaaS legal billing and payment provider in the world (acquired by Wolters Kluwer WLSNC:NA); and was the founder and CEO of Superonline, the largest Internet services provider in Turkey (acquired by Turkcell NYSE:TKC). Babur founded TurkishSpark, a non-profit ambition helping immigrant engineers to become American entrepreneurs. He holds an M.B.A. from Rice University, and a Bachelor of Arts degree in Computer Science from the University of Texas at Austin.


Stuart Frost is the managing partner and CEO of Frost Data Capital, an incubator focused on Big Data analytics. Stuart is a highly successful, serial high-tech entrepreneur with more than 20 years’ experience as a founder, CEO, and chairman of early stage software companies. Previously, Stuart was general manager of strategy for the Database Systems Group of Microsoft. Before that, Stuart founded DATAllegro, a data warehousing company, where he was CEO through to the company’s successful acquisition by Microsoft in 2008. Before that, Stuart was founder and CEO of SELECT Software Tools, where he led the company through rapid growth and expansion, including a very successful IPO in 1996. Stuart has a degree in Electronics Engineering from The University of Nottingham.


John Vigouroux is a managing partner and the president of Frost Data Capital. He is a serial entrepreneur and five-time CEO with 30 years’ experience leading private and public software companies. John’s expertise spans all corporate lifecycle stages – from raising capital and early market penetration for start-ups, to delivering on top and bottom line results for public companies around the world. He raised over $60MM in venture and private equity for his last three companies. Previously, John was CEO at M86 Security, which was acquired by Trustwave; CEO of Finjan Software, which was acquired by M86 Security; president and COO of Tumbleweed Communications; and CEO of Valicert, which was acquired by Tumbleweed. John has also worked at Cisco, Adobe, and GE Information Services.

John earned an M.B.A. from Southern New Hampshire University, and a Bachelor of Arts in Organizational Behavior from Averett University.

Andy Fligel

Andy Fligel joined Intel Capital in 2000. Prior to Intel Capital, Andy worked in the investment banking group at Robinson-Humphrey, where he completed capital raising and M&A transactions for middle-market firms. Andy earned an M.B.A. from the Kellogg Graduate School of Management at Northwestern University, and a Bachelor of Science in Commerce with a minor in Mathematics from the University of Virginia, where he was an Echols Scholar.

Mike Dolbec

Mike Dolbec leads investments for GE software focused on the Industrial Internet, big data, M2M, and cyber security. Mike joined the GE team from LG Electronics, where he led venture capital and open innovation activities. Prior to that, Mike led the venture capital groups at Orange, 3Com, and IBM. Earlier, he co-founded an award-winning mobile internet startup which was sold to Earthlink. Mike began his investment career at Kleiner Perkins Caufield & Byers and Greylock. He has held operating positions in research, software engineering, sales, marketing, business development, and M&A. Mike began his career at Xerox Palo Alto Research Laboratory.

Mike holds an M.B.A. from The Wharton School, as well as a master’s degree in Artificial Intelligence and a bachelor’s in Biology, both from Stanford University.

Richard Pardoe

Richard Pardoe has over 30 years of experience working in a variety of technical industries. Prior to joining Chevron, he organized field trials for electrochlorination and cathodic protection systems as the field manager for a small startup company. He joined Chevron as a process engineer supporting the sale of specialty catalysts for hydroprocessing units in Asia and Europe. He also participated in and led design teams for residuum desulfurizers and hydrocracking units in Japan and Poland. He then moved to Chevron’s Supply and Trading organization, working on the scheduling and delivery of the company’s California crude oil production as well as marine deliveries to Chevron’s California refineries. He joined the company’s Venture Capital Group in 2006.

He earned a B.S. in Chemical Engineering from the University of California, Davis.

Carl is North America Fund Manager at Shell Technology Ventures (STV), where he is responsible for strategic investments in areas of cloud based infrastructure and applications, big data and analytics, sensor technologies and security software, information services, and international investments in areas of expertise.

Carl has served on numerous boards of successful companies, including: Agito Networks (acquired by ShoreTel), Arbor Networks (acquired by Tektronix), BNI Video (acquired by Cisco), Broadbus Technologies (acquired by Motorola), Cedar Point Communications (acquired by Genband), Funambol, Tejas Networks, and Quantico Energy Systems, and he serves(d) as a board observer of Maana, Optium (NASDAQ: OPTM, acquired by Finisar), Veros Systems, and Welldog.

Carl is currently a senior lecturer at MIT Sloan School of Management. He earned an M.B.A from MIT Sloan School of Management, and received Master of Science degrees at both KTH Royal Institute of Technology and Northeastern University.

Cory Steffek is the Managing Director of North American at Saudi Aramco Energy Ventures (SAEV), the corporate venturing subsidiary of Saudi Aramco. He is responsible for identifying technology investments of strategic importance in the areas of: upstream oil & gas; downstream oil & gas and value-added products; renewable energy; energy efficiency and water.

Before joining SAEV, Cory was in Corporate Development and Strategy at First Solar, where he was responsible for strategic investments and acquisitions with emphasis on new technologies and products. Prior to First Solar, Cory was at the Altira Group, an energy-focused venture capital firm, where he led investments in a broad range of energy technology companies.  In addition, he has also held several management roles in product development and engineering at PPG Industries.  He holds a PhD in materials chemistry from the University of Michigan and an MBA from The Kellogg School of Management at Northwestern University.

T K Kurien (TK) is the Managing Partner and the CIO of Azim Premji Investments. The fund has a broad set of investments across Financial, Consumer and the Technology sectors, both across private equity as well as public markets. Prior to joining API, TK was the Vice Chairman of Wipro Ltd and was also the CEO of Wipro from 2011 to 2016. In his career spanning over three decades, TK has held several leadership positions encompassing strategic and operational roles.

TK began his career with Wipro in 2000 and has been instrumental in building and scaling many of its
successful businesses. As a transformational and inspirational leader, he has started and scaled several diverse businesses in Wipro including Wipro Eco Energy an analytical startup, Business Process Services, Media, Telecom and Consulting business divisions at Wipro. TK is credited with playing a catalytic role in achieving global recognition and leadership for these businesses.

TK has several patents and is a regular speaker at the World Economic Forum. TK also serves on the UK- India Business Council and the France – India Business Council. A strong votary of women’s rights, TK is a recipient of the 2014 Women’s Empowerment Principles (WEPs) Leadership Award — a joint initiative of UN Women and the UN Global Compact – for Wipro’s proactive commitment to gender equality. He serves on the Board of Directors of Catalyst, a global organization dedicated to expanding opportunities for women and is the Chair of its India Advisory Board.

In May 2014, the American India Foundation, committed to catalyzing social and economic change,
honored TK for his corporate and philanthropic leadership. TK also served on the International Business Council and was a member along with other select technology leaders in the World Economic Form Technology board.

Before joining Wipro, TK served as the Managing Director of GE X Ray from October 1997 to January 2000.
Prior to that, he was the CFO of GE Medical Systems (South Asia).