Seeq Corporation, one of the leading manufacturing and Industrial Internet of Things (IIoT) advanced analytics software providers, has closed a US$50mn Series C funding round, led by global venture capital and private equity firm Insight Partners
The round includes participation from existing investors Saudi Aramco Energy Ventures, Altira Group, Chevron Technology Ventures, Cisco Investments and Second Avenue Partners. This round brings Seeq’s total funding since inception to approximately US$115mn.
Seeq enables engineers and scientists in process manufacturing organisations to rapidly analyse, predict, collaborate and share insights to improve production and business outcomes. Seeq customers include companies in the oil and gas, pharmaceutical, chemical, energy, mining, food and beverage, and other process industries.
Steve Sliwa, CEO and co-founder of Seeq, said, “By leveraging big data, machine learning, and computer science innovations, Seeq is enabling a new generation of software-led insights.”
“Seeq has established themselves as the leader in process manufacturing and IIoT analytics, and we believe they will continue to transform the way companies find and share insights and make faster decisions,” added Matt Koran, vice-president at Insight Partners. "The company has achieved incredible growth to date, and we are excited to partner with them to help execute their vision for a new generation of machine-learning enabled analytics.”
Seeq’s comprehensive set of applications for analysing and sharing insights on process manufacturing data includes Workbench for easy to use advanced analytics, organiser for publishing reports and dashboards, Data Lab for accessing Python libraries, and Cortex for IT governance, data connectivity, and calculation features.
