SEEQ
SEEQ ANNOUNCES $50 MILLION SERIES C FUNDING ROUND LED BY INSIGHT PARTNERS Insight Partners joins Saudi Aramco Energy Ventures, Altira Group, Chevron Technology Ventures, Cisco Investments and Second Avenue Partners to fund Seeq product and market expansion.
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eeq Corporation, a leader in manufacturing and Industrial Internet of Things (IIoT) advanced analytics software, announced today it has closed a $50 million 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 $115 million.
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Seeq enables engineers and scientists in process manufacturing organizations to rapidly analyze, 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. This funding will accelerate Seeq’s expansion of development, sales, and marketing resources, and help increase the company’s presence in international markets. “We are pleased to close our Series C funding efforts with the support of Insight Partners to scale our business and enable manufacturing organizations to make data-driven decisions,” said Steve Sliwa, CEO and Co-Founder of Seeq. “By leveraging big data, machine learning, and computer science innovations, Seeq is enabling a new generation of softwareled insights.”
