Seeq Corporation a leader in manufacturing and Industrial Internet of Things (IIoT) advanced analytics software, announced its Series B expansion with an investment from Cisco Investments and existing investors. Renewed participation comes from Saudi Aramco Energy Ventures, Altira Group, Chevron Technology Ventures, Second Avenue Partners, Next47 and the venture group for Siemens Inc, and other existing investors. These investors and their investment will enable Seeq to further the growth of its business.

Seeq enables engineers and scientists in process manufacturing organizations to rapidly analyze, predict, collaborate, and share insights to improve production outcomes. Clients include companies in the oil and gas, pharmaceutical, chemical, energy, mining, food and beverage, and other process industries. This funding will accelerate the company’s expansion of development, sales and marketing resources, and help increase the company’s presence in international markets.

“We are pleased to close our Series B funding efforts with the support of Cisco to enable manufacturing organizations to make data-driven decisions. With Seeq, ‘data rich but information poor’ is in the past as customers can spend 80 or 90 percent of their time delivering business value instead of in data access, preparation, and calculations,” said Steve Sliwa, CEO & Co-Founder, Seeq.

“Cisco Investments is excited to support Seeq in their journey to bring advanced data science capabilities to customers to accelerate operational and business outcomes. Seeq's strong value proposition for the industrial market aligns well with Cisco's focus on IoT and digital transformation of businesses," commented Amit Chaturvedy, Senior Director, Corporate Development and Cisco Investments.

The closing of the Series B expansion for the company will increase capitalization by approximately $30 million, which is in addition to previous Series B funding led by Altira Group and Saudi Aramco Energy Ventures, bringing the total investment in Seeq since its inception to approximately $65 million. The company’s rapid growth is contributed to its partnerships and commitment to cloud-based computing.

For more information: www.seeq.com