Seeq Closes $50 Million in Series D Round
Seeq, a Seattle, Washington-based industrial analytics, AI, and monitoring company, has closed a $50 million Series D funding round, bringing its total funding to approximately $165 million.
Seeq, a Seattle, Washington-based industrial analytics, AI, and monitoring company, has closed a $50 million Series D funding round, bringing its total funding to approximately $165 million.
Investors
The round was led by Sixth Street Growth, a leading global investment firm, with participation from existing investors including Insight Partners, Altira Group, Second Avenue Partners, and Saudi Aramco Energy Ventures.
Sixth Street Growth invests in mid and late-stage technology companies, partnering with founders and management teams to provide capital solutions that accelerate growth. It is the growth investing platform of Sixth Street, a global investment firm with over $75 billion in assets under management. Since its inception, Sixth Street Growth has invested over $9 billion in more than 70 companies.
Nari Ansari, Managing Director at Sixth Street Growth, will join Seeq's Board of Directors.
Seeq Use of Funds
The company will use the funding to continue its growth.
About Seeq
Founded in 2013, Seeq provides cutting-edge analytics solutions to hundreds of customers in energy, chemicals, pharmaceuticals, utilities, mining and materials, and other industrial sectors across 36 countries. Seeq specializes in advanced analytics, AI, and enterprise monitoring for industrial companies, delivering a self-service, enterprise SaaS platform and solutions to accelerate critical insights and actions from historically unused data. Seeq is a privately held virtual company with employees across the United States, Asia, Canada, Europe, and South America.
Funding Details
Company: Seeq Corporation
Raised: $50.0M
Round: Series D
Funding Month: August 2024
Lead Investors: Sixth Street Growth
Additional Investors: Insight Partners, Altira Group, Second Avenue Partners, Saudi Aramco Energy Ventures
Company Website: https://www.seeq.com/
Software Category: Industrial Analytics
