Seeq, a leader in industrial analytics, AI, and monitoring, has announced the closure of a $50 million Series D funding round. The round was led by Sixth Street Growth, with participation from existing investors such as Insight Partners, Altira Group, Second Avenue Partners, and Saudi Aramco Energy Ventures. This new funding elevates Seeq’s total funding to approximately $165 million, further solidifying its position in the industrial analytics sector.
1. Funding and Leadership:
- Series D Funding:
- $50 million led by Sixth Street Growth.
- Participation from existing investors: Insight Partners, Altira Group, Second Avenue Partners, and Saudi Aramco Energy Ventures.
- Total funding now approximately $165 million.
- Leadership Addition:
- Nari Ansari, Managing Director at Sixth Street Growth, joins Seeq’s Board of Directors.
2. Seeq’s Market Position and Offerings:
- Industry Leader:
- Founded in 2013, Seeq serves customers in energy, chemicals, pharmaceuticals, utilities, mining, and other industrial sectors.
- Operations in 36 countries.
- Innovative Products:
- Latest product: Seeq Vantage for Industrial Enterprise Monitoring.
- Focus on customer-inspired innovation and continuous improvement.
3. Strategic Vision and Impact:
- CEO’s Vision:
- Dr. Lisa Graham emphasizes Seeq’s role in supporting critical industry needs.
- Commitment to growth with a stronger balance sheet and new partnerships.
- Technological Advancements:
- Nari Ansari highlights Seeq’s potential to build next-generation technologies for manufacturing and operational optimization.
- Integration of disparate time-series operational data with other structured and unstructured data for unique insights.
4. Customer Success and Future Goals:
- Customer Testimonials:
- Dr. Sami Bahroun from Syensqo (formerly Solvay) praises Seeq for enabling data-driven decisions and delivering real value.
- Emphasis on Seeq’s GenAI, advanced machine learning, and industrial monitoring capabilities.
- Future Growth:
- Claire Zhang and Chris Perron from Sixth Street Growth express confidence in Seeq’s ability to transform organizational data use.
- Focus on sustainable business results and digital transformation.
With the new $50 million Series D funding, Seeq is poised to further enhance its industrial analytics and AI capabilities. The strategic partnership with Sixth Street Growth and the addition of Nari Ansari to the Board of Directors will bolster Seeq’s mission to optimize manufacturing and operational processes across multiple industries, driving consistent and sustainable business results.
