[Funding] Seeq raised Series B funding from Cisco Investments and existing investors

Seeq Corporation is a startup in the manufacturing and Industrial Internet of Things (IIoT) advanced analytics software. In a recent development, it announced that it has closed its Series B expansion with an investment from Cisco Investments. Existing investors participated in the round, too. This included Saudi Aramco Energy Ventures, Altira Group, Chevron Technology Ventures, Second Avenue Partners, and Next47.

This round of investment will enable Seeq to further the growth of its business.

About Seeq

Seeq enables engineers and scientists in process manufacturing organizations to rapidly analyze, predict, collaborate, and share insights to improve production outcomes. Further, its customers include companies in the oil and gas, pharmaceutical, chemical, energy, mining, food and beverage, and other process industries.

Founded in 2013, the startup publishes software applications for manufacturing organizations to rapidly find and share data insights. Numerous vertical industries rely on Seeq to improve production outcomes, including yield, margins, quality, and safety. With its HQ in Seattle, it is a private virtual company. It has employees across the United States, and also sales representation in Asia, Canada, Europe, and South America.

This funding will accelerate its expansion of development, sales, and marketing resources. Further, it'll help increase the company’s presence in international markets. Talking about the investment, Steve Sliwa, CEO, and co-founder of Seeq said, “We are pleased to close our Series B funding efforts with the support of Cisco to enable manufacturing organizations to make data-driven decisions.”

“Cisco Investments is excited to support Seeq in their journey to bring advanced data science capabilities to customers to accelerate operational and business outcomes,” said Amit Chaturvedi, senior director, Corporate Development and Cisco Investments. “Seeq's strong value proposition for the industrial market aligns well with Cisco's focus on IoT and digital transformation of businesses,” he added.

Upon closing, the Series B expansion will increase capitalization by approximately $30 million. This is in addition to previous Series B funding led by Altira Group and Saudi Aramco Energy Ventures; bringing the total investment in Seeq since its inception to approximately $65 million.