Seeq Closes $50M Funding Round, Helps Users 'Teach Your Data New Tricks'

In this day and age, a trend that’s very much ticking upward involves smart companies looking to ensure businesses’ troves of data aren’t left to waste. Many professionals are acutely aware that such instances often lead to substantial losses; by ensuring data is harnessed effectively, however, there’s zero question that the benefits outweigh any cons. Identifying and rectifying data-use (or storage) inefficiencies opens the door for optimized business processes, improved decision-making capabilities, and an overall sustainable data ecosystem.

In this vein, let’s talk about Seeq.

Seeq, founded back in 2013, is on a clear-as-day mission to accelerate cross-industry progress as we embrace a modern, sustainability-focused future. As a provider of advanced industrial analytics, AI and enterprise monitoring, Seeq seeks (wordplay intended) to harness the power of unused to data in order to generate faster insights and measurably improved business outcomes. By ensuring teams’ seas of data aren’t wasted (nor waded through totally inefficiently), Seeq helps them save time and money with its AI/ML platform and its roster of data science experts.

Yesterday, Seeq announced the latest step of its journey – the company announced having closed a $50 million Series D funding round. This was led by global investment firm Sixth Street Growth. Additional participants of the round included Insight Partners, Altira Group, Second Avenue Partners, and Saudi Aramco Energy Ventures. Looking at an even bigger picture, this round brings Seeq’s total funding to approximately $165 million.

Nari Ansari, Managing Director at Sixth Street Growth (who will also reportedly join the Seeq Board of Directors), shared his thoughts about the news.

“Seeq is uniquely positioned to build the next generation of technologies, especially AI, to optimize manufacturing and operational processes across multiple industries,” Ansari explained. “Seeq brings together a company's disparate time-series operational data sources with other structured and unstructured data, enabling unique insights into understanding both the best and most challenging aspects of their operations."

Of course, Seeq CEO Dr. Lisa Graham also commented on the announcement.

“Seeq has become the industry leader in industrial analytics through continuous, customer-inspired innovation,” Dr. Graham said. “This investment truly bolsters Seeq’s ability to readily support our customers’ critical industry needs.”

Learn more about what Seeq has on offer here.