Seeq Corporation has secured $23 million in Series B funding led by the Altira Group with participation by Chevron Technology Ventures, next47, the Siemens-backed global venture firm, Second Avenue Partners and other existing investors.
According to the manufacturing and Industrial Internet of Things (IIoT) advanced analytics software company, this funding will enable it to expand its development, sales and marketing resources, and also increase its presence in international markets.
“Seeq leverages innovations in big data, machine learning, and open source technologies to enable plant operations, engineering and management personnel to find and share insights in a matter of minutes instead of days or weeks,” said Steve Sliwa, CEO and co-founder of Seeq. “Our collaboration with the Altira Group and other investors speaks to the need for new analytics offerings for manufacturing customers.”
Seeq’s software applications, Seeq Workbench and Seeq Organizer, enable manufacturing organizations to analyze, predict, collaborate and distribute insights to improve production outcomes. Seeq is designed to run on premise, on Microsoft Azure or Amazon Web Services cloud platforms, or in mixed on-premise and on-cloud deployments.