Seeq adds Cisco Investments as new investor as growth accelerates

September 11, 2020 12:49 pm

Seeq Corporation, a leader in manufacturing and Industrial Internet of Things (IIoT) advanced analytics software, announced that is has closed its Series B expansion with an investment from Cisco Investments, as well as existing investors.

Renewed participation comes from Saudi Aramco Energy Ventures, Altira Group, Chevron Technology Ventures, Second Avenue Partners, Next47, the venture group for Siemens Inc, and other existing investors. This round of investment will enable Seeq to further the growth of its business, the company said.

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

This funding will accelerate Seeq’s expansion of development, sales and marketing resources, and help increase the company’s presence in international markets.