Seeq Secures $50M in Series D Funding to Propel Growth in Industrial Analytics
Image Seeq
Seattle-based industrial analytics startup Seeq has successfully raised $50 million in its latest Series D funding round, bringing its total capital raised to approximately $165 million. This new infusion of funds will allow them to further enhance their advanced analytics platform designed to optimize operations for industrial companies in a variety of industries.
Founded in 2012 by Steve Sliwa, the startup leverages cutting-edge analytics, artificial intelligence and monitoring solutions to provide critical data insights that help companies optimize their operations. The company serves a wide range of industries, including energy, pharmaceuticals, specialty chemicals, materials, mining and utilities, in 36 countries. By transforming raw data into actionable information, it enables companies to improve efficiency and performance on a global scale.
Steve Sliwa, who previously sold his drone manufacturer Insitu to Boeing for $400 million, led Seeq as CEO until 2021. Lisa Graham, who holds a PhD in chemical engineering from Oregon State University and is a registered professional chemical engineer, took over as CEO after serving as the company's chief operating officer. Under her leadership, Seeq continues to push the boundaries of industrial analytics.
Strategic Investment for Future Growth
The Series D funding round was led by global investment firm Sixth Street Growth, with participation from existing investors such as Insight Partners, Altira Group, Second Avenue Partners, and Saudi Aramco Energy Ventures. This substantial investment will bolster Seeq’s capabilities and support its mission to meet the critical needs of its industrial customers.
“This investment bolsters Seeq’s ability to support our customers’ critical industry needs,” said CEO Lisa Graham. “We are excited to continue our growth with a stronger balance sheet and partnership with Sixth Street.”
In addition, Nari Ansari, Managing Director at Sixth Street Growth, will join Seeq’s board of directors, bringing valuable expertise and strategic guidance to the company's future endeavors.
