Seeq raised one other $28 million for its analytics software program utilized by industrial producers to gather and analyze knowledge.
Based in 2012, Seeq helps prospects throughout varied industries — oil and gasoline; meals and beverage; metals and mining; and many others. — higher perceive their knowledge. It pulls numbers from sensors and instrument programs to assist reply questions like, “When did the pump draw more than 38 kW?” or, “When was temperature colder than 100°F?” or, “How much of my product was manufactured under those conditions?”
Seeq works with knowledge each on-premise and within the cloud. It has shut partnerships with Amazon Net Providers and Microsoft Azure.
Cisco Investments, the enterprise capital arm of Cisco, invested for the first time in the round, which is a Collection B “expansion.” Saudi Aramco Vitality Ventures, Altira Group, Chevron Expertise Ventures, Second Avenue Companions, Subsequent47, Siemens’ enterprise arm, and different earlier backers additionally invested. Complete funding up to now within the 130-person firm is $65 million.
Seeq is led by CEO Steve Sliwa, who began the corporate in 2012 after he offered unmanned plane maker Insitu to Boeing for a reported buy value of $400 million in 2008.