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Lisa Graham, Seeq CEO. (Seeq Photo)
Seattle industrial analytics startup Seeq announced on Tuesday that it has landed $50 million in new funding. The company has raised a total of approximately $165 million from investors to date.
Using analytics, artificial intelligence and monitoring, Seeq provides data that helps industrial businesses optimize operations. Seeq’s customers span 36 countries in sectors including energy, pharmaceuticals, specialty chemicals, materials, mining and utilities.
Steve Sliwa launched Seeq in 2012 after he sold unmanned aircraft maker Insitu to Boeing for a reported purchase price of $400 million.
Sliwa was CEO until 2021, when Lisa Graham moved from chief operating officer to the top role. Graham has a PhD in chemical engineering from Oregon State University and is a registered professional chemical engineer.
The Series D round was led by global investment firm Sixth Street Growth. It included existing investors Insight Partners, Altira Group, Second Avenue Partners and Saudi Aramco Energy Ventures.
“This investment bolsters Seeq’s ability to support our customers’ critical industry needs,” Graham said in a statement. “We are excited to continue our growth with a stronger balance sheet and partnership with Sixth Street.”
Nari Ansari, managing director at Sixth Street Growth, is joining Seeq’s board of directors.
