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Seeq today announced a $23 million Series B round led by the Altira Group, a venture capital firm focused on the oil and gas industry. Second Avenue Partners and the venture arms of Chevron and Siemens also participated.
Seeq helps 100 customers across the world in various industries — oil and gas; food and beverage; metals and mining — analyze their data and provide production insights, both on-premise and in the cloud.
It pulls numbers from sensors and instrument systems to help answer questions like, “When did the pump draw more than 38 kW?” or, “When was temperature colder than 100°F?” or, “How much of my product was manufactured under those conditions?” The software also uses machine learning and produces data visualizations.
Seeq is ledby CEO Steve Sliwa, who started the company in 2012 after he sold his previous startup, unmanned aircraft maker Insitu, to Boeing for a reported purchase price of $400 million in 2008.
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