Seeq Corporation, a Seattle, WA-based provider of manufacturing and Industrial Internet of Things (IIoT) advanced analytics software, closed a $50m Series C funding round.
The round, which brought total funding since inception to approximately $115m, was led by Insight Partners with participation from existing investors Altira Group, Chevron Technology Ventures, Cisco Investments, Saudi Aramco Energy Ventures, and Second Avenue Partners.
The company intends to use the funds to accelerate expansion of development, sales, and marketing resources, and increase its presence in international markets.
Led by Steve Sliwa, CEO and Co-Founder, Seeq enables engineers and scientists in process manufacturing organizations to analyze, predict, collaborate, and share insights to improve production and business outcomes. The company’s comprehensive set of applications for analyzing and sharing insights on process manufacturing data includes Workbench for advanced analytics, Organizer for publishing reports and dashboards, Data Lab for accessing Python libraries, and Cortex for IT governance, data connectivity, and calculation features.
Customers include companies in the oil and gas, pharmaceutical, chemical, energy, mining, food and beverage, and other process industries.
Seeq is available worldwide through a global partner network of system integrators, which provides training and resale support for the company’s solutions in over 25 countries, in addition to its direct sales organization in North America and Europe.
The company has sales representation offices in Asia, Canada, Europe, and South America.