Seattle-based industrial analytics startup Seeq announced on Tuesday that it has successfully raised $50 million in its Series D funding round, bringing its total funding to approximately $165 million. This significant investment will enable Seeq to further develop its analytics and artificial intelligence solutions aimed at optimizing operations for industrial businesses.
Founded in 2012 by Steve Sliwa, who previously sold his unmanned aircraft company Insitu to Boeing for an estimated $400 million, Seeq has established itself as a key player in the analytics sector. The company’s innovative platform supports customers across 36 countries in various industries, including energy, pharmaceuticals, specialty chemicals, materials, mining, and utilities.
In 2021, Lisa Graham succeeded Sliwa as CEO after serving as chief operating officer. With a PhD in chemical engineering from Oregon State University and credentials as a registered professional chemical engineer, Graham is well-equipped to lead the company into its next phase of growth.
The latest funding round was led by Sixth Street Growth, a global investment firm, and included participation from existing investors such as Insight Partners, Altira Group, Second Avenue Partners, and Saudi Aramco Energy Ventures.
With this new influx of capital, Seeq is poised to expand its offerings and reinforce its commitment to helping industrial sectors enhance their operational efficiency through advanced data analytics.
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