SEATTLE, Aug. 6, 2024
/PRNewswire/ -- Seeq, a leader in industrial analytics,
AI, and monitoring, announced today it has closed a $50 million Series D funding round led by leading
global investment firm Sixth Street Growth, with participation
from existing investors including Insight Partners, Altira Group,
Second Avenue Partners, and Saudi Aramco Energy Ventures. This
round brings Seeq's total funding to approximately $165 million. Nari
Ansari, Managing Director at Sixth Street Growth, will join
Seeq's Board of Directors.
Founded in 2013, Seeq serves hundreds of customers in energy,
chemicals, pharmaceuticals, utilities, mining and materials, and
other industrial sectors in 36 countries.
"Seeq has become the industry leader in industrial analytics
through continuous, customer-inspired innovation, including its
newest product, Seeq Vantage for Industrial Enterprise Monitoring,"
said Dr. Lisa Graham, CEO at Seeq.
"This investment bolsters Seeq's ability to support our customers'
critical industry needs. We are excited to continue our growth with
a stronger balance sheet and partnership with Sixth Street."
"Seeq is uniquely positioned to build the next generation of
technologies, especially AI, to optimize manufacturing and
operational processes across multiple industries," said Ansari.
"Seeq brings together a company's disparate time-series operational
data sources with other structured and unstructured data to enable
unique insights into understanding both the best and most
challenging aspects of their operations."
"Every company wants to identify key improvements through use
cases like golden batch, emission reduction, energy utilization,
asset optimization, and predictive maintenance," added
Claire Zhang and Chris Perron,
Vice Presidents at Sixth Street Growth. "We are confident Seeq will
continue to transform the way organizations unlock the power of
their people and data to drive consistent, sustainable business
results."
"Seeq enables us to make data-driven decisions across many use
cases that have delivered fast, quantifiable, real value," said Dr.
Sami Bahroun, Head of Industrial Data Science and Advanced
Automation at Syensqo, formerly Solvay. "The new GenAI, advanced
machine learning, and industrial monitoring capabilities fulfill
unmet needs in addressing today's workforce upskilling and
operational challenges. We look forward to continuing to accelerate
our digital transformation efforts and gain more value across the
enterprise with Seeq."
Lazard served as financial advisor to Sixth Street Growth in
connection with the investment.
To learn more about Seeq, visit www.seeq.com.
About Seeq Corporation
Seeq, a global leader in advanced analytics, AI, and enterprise
monitoring for industrial companies, delivers a self-service,
enterprise SaaS platform and solutions to accelerate critical
insights and action from historically unused data. Energy,
pharmaceutical, specialty chemical, materials, mining, utility, and
numerous other vertical industries rely on Seeq to optimize
business and production outcomes, including yield, margins,
quality, and sustainability. Seeq is a privately held virtual
company with employees across the United
States, Asia, Canada, Europe, and South
America. To learn more about Seeq, visit www.seeq.com.
About Sixth Street Growth
Sixth Street Growth makes investments in mid- and late-stage
technology companies. The Sixth Street Growth team partners with
founders and management teams to provide differentiated capital
solutions to accelerate organic and inorganic growth. Sixth Street
Growth is the dedicated growth investing platform of Sixth Street,
a leading global investment firm with over $75 billion in assets under management and
committed capital. Sixth Street has invested over $9 billion in more than 70 companies through its
Growth franchise since inception. Select Sixth Street Growth
investments include Airbnb, AvidXchange, Bloomreach, Clio,
Contentsquare, Datavant, Gainsight, Kaseya, MasterControl, MDLIVE,
Spotify, and Sprinklr. For more information, visit
www.sixthstreetgrowth.com, and follow Sixth Street on LinkedIn.
Media Contact:
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DeLosh
206-801-9339
381432@email4pr.com
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SOURCE Seeq Corporation