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- Seeq
Seeq Funding, Investors & Competitors
Seeq has raised $163M across 7 funding rounds, most recently a $50M Series D in August 2024.
Last Seeq funding round
$50M
Series D · Aug 2024
Cumulative funding Seeq raised
$163M
across 7 funding rounds
Key investors in Seeq
Second Avenue Partners
Altira Group
Chevron Technology Ventures
Saudi Aramco Energy Ventures
N47
Insight Partners
Cisco Investments
Madrona
About Seeq
Seeq is a Seattle-headquartered analytics platform for industrial process data founded in 2012. The company partners with OSIsoft and Emerson to transform historian data into actionable insights. Seeq's tools enable engineers to perform advanced calculations, visualize trends, and collaborate on asset performance. It deploys on-premises and cloud for oil and gas, chemicals, and pulp sectors. Seeq sponsors user conferences across Europe and the United States.
Founded
2012
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Seeq Funding History
Seeq has raised a total of $163M across 7 funding rounds.
Seeq's first fundraising round was a $6M Series A in November 2013. The most recent completed round was a $50M Series D in August 2024.
Seeq funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Aug 2024 | Series D | Sixth Street (lead); Second Avenue Partners; Insight Partners; Saudi Aramco Energy Ventures; Altira Group | $50M | Seeq, a Seattle-based leader in industrial analytics, AI, and monitoring founded in 2013, announced on August 6, 2024, that it closed a $50 million Series D funding round led by Sixth Street Growth, with participation from existing investors Insight Partners, Altira Group, Second Avenue Partners, and Saudi Aramco Energy Ventures. This brings Seeq's total funding to approximately $165 million. Nari Ansari, Managing Director at Sixth Street Growth, joined Seeq’s Board of Directors. The funding supports Seeq’s growth in serving hundreds of customers across energy, chemicals, pharmaceuticals, utilities, mining, materials, and other industrial sectors in 36 countries. Seeq’s platform enables industrial businesses to optimize operations through analytics, AI, and monitoring, with recent innovations like Seeq Vantage for Industrial Enterprise Monitoring. CEO Dr. Lisa Graham highlighted the investment’s role in strengthening the balance sheet to meet customer needs in areas such as golden batches, emissions reduction, energy utilization, asset optimization, and predictive maintenance. Sixth Street Growth, part of a firm with over $75 billion in assets under management, focuses on mid- and late-stage tech companies and has invested in notable firms like Airbnb, Spotify, and Gainsight. The company previously raised a $50 million Series C in 2021. Seeq continues to position itself as an industry leader through customer-inspired innovation amid growing demand for industrial data solutions. |
| Apr 2021 | Series C | Insight Partners (lead); Cisco Investments; Second Avenue Partners; Chevron Technology Ventures; Saudi Aramco Energy Ventures; Altira Group | $50M | Seeq Corporation, a leader in manufacturing and Industrial Internet of Things (IIoT) advanced analytics software, closed a $50 million Series C funding round on April 13, 2021, led by Insight Partners, with participation from existing investors Altira Group, Chevron Technology Ventures, Cisco Investments, Saudi Aramco Energy Ventures, and Second Avenue Partners. This brought Seeq's total funding since inception to approximately $115 million. The company enables engineers and scientists in process manufacturing organizations to rapidly analyze, predict, collaborate, and share insights to improve production and business outcomes, serving customers in oil and gas, pharmaceutical, chemical, energy, mining, food and beverage, and other process industries. The funding aims to scale Seeq's business, accelerate expansion of development, sales, and marketing resources, and increase presence in international markets. CEO and Co-Founder Steve Sliwa highlighted the use of big data, machine learning, and computer science innovations to enable software-led insights for data-driven decisions in manufacturing. Insight Partners' Matt Koran praised Seeq's leadership in process manufacturing and IIoT analytics, noting its incredible growth and potential to transform insight sharing and decision-making with machine-learning enabled analytics. Seeq, founded around 2013-2014 and based in Seattle, had previously raised funding including $23 million in Series B in mid-2018 and $24 million at the start of 2020. The Series C supports its position in industrial analytics, with later developments including a $50 million Series D in August 2024 led by Sixth Street Growth, bringing total funding to $165 million. |
| Sep 2020 | Series B | N47; Cisco Investments; Second Avenue Partners; Chevron Technology Ventures; Saudi Aramco Energy Ventures; Altira Group | $6M | Seeq Corporation closed a Series B expansion funding round on September 9, 2020, with investment from Cisco Investments and existing investors including Saudi Aramco Energy Ventures, Altira Group, Chevron Technology Ventures, Second Avenue Partners, and Next47. The round increased capitalization by approximately $30 million, bringing total funding since inception to about $65 million. This followed a previous Series B led by Altira Group and Saudi Aramco Energy Ventures. Seeq provides advanced analytics software for manufacturing and Industrial Internet of Things, enabling analysis and sharing of insights on process manufacturing data through applications like Workbench, Organizer, and Data Lab. |
| Dec 2019 | Series B | Saudi Aramco Energy Ventures (lead); Second Avenue Partners; Chevron Technology Ventures; Altira Group | $24M | - |
| Jul 2018 | Series B | Altira Group (lead); N47; Second Avenue Partners; Chevron Technology Ventures | $23M | Seeq Corporation is a Seattle-based software company specializing in manufacturing and Industrial Internet of Things (IIoT) advanced analytics. The platform enables manufacturers to collect, analyze, and derive insights from operational data, using artificial intelligence to recognize patterns and anomalies in time-series data from production facilities. On July 18, 2018, Seeq closed a $23 million Series B funding round led by Denver-based venture capital firm Altira Group, with participation from Chevron Technology Ventures, next47 (the Siemens-backed global venture firm), Second Avenue Partners, and other existing investors. The funding was intended to expand Seeq's development, sales, and marketing resources, and increase its international market presence. By April 2021, Seeq had raised approximately $115 million in total funding across multiple rounds, including its $50 million Series C led by Insight Partners. The company serves hundreds of customers across energy, chemicals, pharmaceuticals, utilities, mining, materials, and other industrial sectors in 36 countries as of 2024. |
| Nov 2015 | Seed | N47 | $4M | - |
| Nov 2013 | Series A | Second Avenue Partners (lead); John Meisenbach; Gaylord Kellogg; Clear Fir Partners; Madrona | $6M | Seeq Corporation announced a $6 million Series A funding round on November 5, 2013, led by Second Avenue Partners with participation from Madrona Venture Group, Clear Fir Partners, Gaylord Kellogg, John Meisenbach, and others. The company, founded in May 2013 and headquartered in Seattle with satellite offices in the western United States and Canada, provides software and services that transform industrial process data from sensors and instrument systems into useful information and actionable intelligence. Seeq is led by Steve Sliwa, former CEO of Insitu, with a founding team including executives, engineers, and data scientists from OSIsoft, Honeywell, Microsoft, and Insitu. |
Who has invested in Seeq?
12 investors have backed Seeq across its funding rounds, including Second Avenue Partners, Altira Group, Chevron Technology Ventures, Saudi Aramco Energy Ventures, N47 and Insight Partners.
Lead investors include Sixth Street, Insight Partners, Saudi Aramco Energy Ventures, Altira Group and Second Avenue Partners.
Seeq Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 6 | Lead | Nov 2013 | ||
| 5 | Lead | Jul 2018 | ||
| 4 | Participant | Jul 2018 | ||
| 4 | Lead | Dec 2019 | ||
| 3 | Participant | Nov 2015 | ||
| 2 | Participant | Sep 2020 | ||
| 2 | Lead | Apr 2021 | ||
| 1 | Participant | Nov 2013 | ||
| 1 | Lead | Aug 2024 | ||
| 1 | Participant | Nov 2013 | ||
This data is available for Pro users. Sign up to see all 12 Seeq investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialSeeq Competitors
Seeq competitors include listed companies like Octave Intelligence and Geovis, and private ones like Celonis, Uptake Technologies, Temporal Technologies and Certus Core.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $400M | - | $13B | 32.5x | ||
| Private | $100M | - | $2.3B | 23.0x | ||
| Publicly listed | $1.6B | $530M | $5B | 3.3x | ||
| Private | $250M | - | $13B | 50.2x | ||
| Publicly listed | $399M | $44M | $3.6B | 8.4x | ||
| Private | - | - | $3.4B | - |
Seeq Public Comps
Seeq is still privately-owned, but its public comps include Palantir, ServiceNow, Datadog, Cadence Design Systems, RELX, Strategy, Autodesk, Constellation Software, Dassault Systemes and Hexagon.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $4.5B | $1.5B | 92.6x | 58.1x | 285.0x | 97.4x | |||
| $13B | $2.6B | 11.1x | 9.6x | 57.2x | 25.0x | |||
| $3.4B | ($588K) | 23.6x | 19.4x | (137813.0x) | 77.6x | |||
| $5.3B | $1.8B | 14.8x | 13.0x | 44.3x | 27.3x | |||
| $13B | $4.9B | 5.5x | 5.3x | 14.4x | 13.2x | |||
| $477M | ($5.4B) | 149.4x | 144.4x | (13.1x) | (12.3x) | |||
| $7.2B | $1.8B | 6.3x | 5.7x | 25.6x | 14.1x | |||
| $12B | $2.5B | 4.0x | 3.5x | 18.5x | 12.9x | |||
This data is available for Pro users. Sign up to see all Seeq competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Seeq
| When was Seeq founded? | Seeq was founded in 2012. |
| Where is Seeq headquartered? | Seeq is headquartered in Seattle, WA, United States. |
| Is Seeq publicly listed? | No, Seeq is a private, VC-backed company. |
| How much funding has Seeq raised? | Seeq has raised $163M across 7 funding rounds. |
| What was Seeq's last funding round? | Seeq's last funding round was a $50M Series D in August 2024, led by Sixth Street. |
| Who are Seeq's investors? | Seeq's investors include Second Avenue Partners, Altira Group, Chevron Technology Ventures, Saudi Aramco Energy Ventures, N47, Cisco Investments, Insight Partners, John Meisenbach, Sixth Street, Gaylord Kellogg and 2 others. |
| Which companies are comparable to Seeq? | Companies comparable to Seeq include Celonis, Uptake Technologies, Octave Intelligence, Temporal Technologies, Geovis and Certus Core. |
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