# Seeq Corporation

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/seeq

- Industry: Software
- Headquarters: Seattle, US
- Website: www.seeq.com
- Total disclosed funding: $161M
- Latest round: Series D (Aug 6, 2024)
- Investors on record: 11

## About

Based in the US, Seeq Corporation develops advanced analytics and AI tools for optimizing industrial operations, specializing in time series data analysis for various sectors.Seeq Corporation, founded in 2013 in Seattle, US, specializes in software solutions for time series data analytics in industrial environments. The company's founders include Brian Parsonnet, Jon Peterson, and Steve Sliwa, who have a history of creating impactful software companies. The company recently completed its Series D funding round, raising USD 50.00 mn on August 6, 2024, led by Sixth Street Growth and supported by multiple returning investors. The total amount raised by Seeq to date stands at USD 50.00 mn with a current valuation of USD 702.716 mn.Seeq Corporation specializes in advanced analytics, machine learning (ML), and artificial intelligence (AI) tools designed specifically for time series data in industrial settings. The company’s flagship products include the Seeq Industrial Analytics & AI Suite and the Seeq Industrial Enterprise Monitoring™ Suite, enabling users to efficiently analyze operational data to enhance productivity and achieve sustainability goals. Their solutions are utilized across various sectors such as oil and gas, chemicals, pharmaceuticals, food and beverage, and semiconductors. Notable clients include Chevron, Bristol-Myers Squibb, and Guardian Glass, with end users ranging from engineers to C-suite executives. Seeq products are marketed globally, with a strong presence in North America, Europe, and Asia, catering to the growing demand for data-driven decision-making in industrial operations.Seeq Corporation generates revenue primarily through subscription-based agreements for its software solutions, allowing clients to access its analytics and monitoring platforms. The business model targets B2B transactions, where companies pay for licenses that provide access to various functionalities within Seeq’s product suites. Revenue is expected to be derived from a combination of annual subscriptions and potential upselling of additional features or services tailored to specific client needs. Seeq's advanced analytics offerings are designed to deliver significant business value, enabling organizations to unlock insights from their time series data more efficiently, facilitating improved operational performance, which can lead to cost savings and increased profitability for its clients.In August 2024, Seeq Corporation raised USD 50.00 mn in Series D funding to support its expansion initiatives, particularly in customer service enhancements. The company is focusing on developing new products aimed at improving user experience and addressing specific industry needs. Additionally, Seeq plans to expand its market presence in Europe and Asia by the end of 2025, leveraging its recent funding to strengthen its operational capabilities and customer support services.

## Funding rounds

- Series D, Aug 6, 2024, $50M — Insight Partners, Altira Group, Second Avenue Partners, Aramco Ventures, Saudi Aramco, Sixth Street
- Series C, Apr 13, 2021, $56M — Insight Partners, Chevron Technology Ventures, Second Avenue Partners, Altira Group, Aramco Ventures, Cisco Investments
- Series B, Dec 10, 2019, $24M — N47, Altira Group, Chevron Technology Ventures, Second Avenue Partners, Aramco Ventures, Cisco Investments
- Series B, Nov 21, 2017, $19M — N47, Altira Group
- Series A, Oct 30, 2015, $4.2M — N47
- Series A, Oct 29, 2013, $7.7M — Madrona Venture Group, Second Avenue Partners, Clear Fir Partners

## Investors

- Madrona Venture Group (https://capitalatlas.ai/funds/madrona-venture-group) — Series A
- Second Avenue Partners (https://capitalatlas.ai/funds/second-avenue-partners) — Series A, Series B, Series C, Series D
- Clear Fir Partners — Series A
- N47 (https://capitalatlas.ai/funds/n47) — Series A, Series B
- Altira Group (https://capitalatlas.ai/funds/altira-group) — Series B, Series C, Series D
- Chevron Technology Ventures (https://capitalatlas.ai/funds/chevron-technology-ventures) — Series B, Series C
- Aramco Ventures (https://capitalatlas.ai/funds/aramco-ventures) — Series B, Series C, Series D
- Cisco Investments (https://capitalatlas.ai/funds/cisco-investments) — Series B, Series C
- Insight Partners (https://capitalatlas.ai/funds/insight-partners) — Series C, Series D
- Saudi Aramco — Series D
- Sixth Street (https://capitalatlas.ai/funds/sixth-street) — Series D