RIYADH: Saudi Aramco’s investment arm was among a group of investors who awarded SR187.5 million ($50 million) to a Seattle-based manufacturing and technology software company.
Seeq Corp. said it had raised the new funds as part of a Series C funding round as the group of investors backing the financing were Altira Group, Chevron Technology Ventures, Cisco Investments, Second Avenue Partners and Saudi Aramco Energy Ventures (SAEV).
The extra $50 million brings Seeq’s total funding since its launch in 2013 to around $115 million. While the breakdown of figures was not given, Seeq did say that SAEV was already an existing investor from previous funding rounds. Seeq enables engineers and scientists to rapidly analyze, predict, collaborate, and share insights to improve production and business outcomes for its products. It operates across many sectors, including oil and gas, pharmaceutical, chemical, energy and mining.
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Seeq Announces $50M Series C Funding Round Led By Insight Partners
Insight Partners joins Altira Group, Chevron Technology Ventures, Cisco Investments, Saudi Aramco Energy Ventures, and
Second Avenue Partners to fund Seeq product and market expansion.
Seeq Corporation, a leader in manufacturing and Industrial Internet of Things (IIoT) advanced analytics software, announced today it has closed a $50M Series C funding round, led by global venture capital and private equity firm Insight Partners. The round includes participation from existing investors Altira Group, Chevron Technology Ventures, Cisco Investments, Saudi Aramco Energy Ventures, and Second Avenue Partners. This round brings Seeq’s total funding since inception to approximately $115M.
Seeq Announces $50 Million Series C Funding Round Led by Insight Partners
Insight Partners joins Altira Group, Chevron Technology Ventures, Cisco Investments, Saudi Aramco Energy Ventures, and Second Avenue Partners to fund Seeq product and market expansion.
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SEATTLE, April 13, 2021 /PRNewswire/ Seeq 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 Altira Group, Chevron Technology Ventures, Cisco Investments, Saudi Aramco Energy Ventures, and Second Avenue Partners. This round brings Seeq s total funding since inception to approximately $115 million.
Seeq lands $50M to grow manufacturing analytics software platform Geekwire 2 hrs ago
New funding: Seattle startup Seeq raised $50 million in a Series C round.
Seeq’s software: Founded in 2012, Seeq’s analytics software is used by industrial manufacturers to collect and analyze data. It pulls numbers from sensors and instrument systems to help answer questions like, “When did the pump draw more than 38 kW?” or, “When was temperature colder than 100°F?” or, “How much of my product was manufactured under those conditions?”
Seeq works with data both on-premise and in the cloud. It has close partnerships with Amazon Web Services and Microsoft Azure.