Seeq
Overview
Seeq Corporation is an industrial data analytics company founded in 2013 in Seattle, Washington. It develops advanced analytics software to help companies in various industrial sectors efficiently utilize their operational data. The company has raised approximately $165 million in funding over several rounds. Its founders include Michael Risse, Brian Parsonnet, Jakob Lorré, Mark Derbecker, Jon Peterson, and Steven Sliwa. Seeq serves clients in industries such as pharmaceuticals, oil and gas, chemical, and more, across 36 countries.
Recent Developments
- May 2024: Seeq introduced Seeq Vantage, its first industrial enterprise monitoring app, during the Conneqt 2024 conference in Miami. This app enhances Seeq's enterprise monitoring capability by enabling organizations to scale insights across various operational levels. It allows for asset and process monitoring, and condition-based maintenance for better decision-making and operational improvement.
- August 6, 2024: Seeq concluded a $50 million Series D funding round led by Sixth Street Growth, bringing its total funding to $165 million. This round included participation from existing investors like Insight Partners and Saudi Aramco Energy Ventures. The funding aims to expand the company's operations and development capabilities.
- June 2024: General release of Seeq Vantage was announced to further aid industrial enterprises in optimizing operational insights and implementing condition-based monitoring.
- February 2024: The company launched Seeq AI Assistant, a generative AI tool to support users in operational analytics, enhancing their ability to derive insights from process data and improve operational excellence.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | 2013 |
| Headquarters | Seattle, Washington, USA |
| Founders | Michael Risse, Brian Parsonnet, Jakob Lorré, Mark Derbecker, Jon Peterson, Steven Sliwa |
| Revenue | Not publicly disclosed |
| Profits | Not publicly disclosed |
| Key Investors | Sixth Street Growth, Insight Partners, Altira Group, Saudi Aramco Energy Ventures |
| Industry | Industrial Analytics, AI |
| Number of Employees | Approximately 198 |
Early History
Seeq was established in 2013 in Seattle, focusing on industrial process data analytics, offering innovative solutions to convert raw data into actionable insights. The company was masterminded by a group of seasoned technologists and entrepreneurs from OSIsoft, Honeywell, Microsoft, and other tech giants. Seeq rapidly grew in popularity due to its easy-to-use, powerful analytics tools tailored for industries such as pharmaceuticals and oil and gas, where rapid data processing and insightful analysis are critical.
Company Profile and Achievements
Seeq's business model revolves around delivering a robust analytics platform that integrates seamlessly with existing data infrastructures. Their software enables companies to execute diagnostic, predictive, and prescriptive analytics on industrial data streams. Significant milestones include:
- 2013: Foundation and initial funding round of $6 million led by Second Avenue Partners.
- 2021: Raised a Series C funding of $50 million, propelling advancements in their data processing and analytical capabilities.
- 2024: Introduction of Seeq AI Assistant, leveraging generative AI to enhance analytics workflows.
- The company has partnered with global tech giants such as AWS and Microsoft Azure to enhance its analytics processing capabilities, providing enriched data solutions.
Current Operations and Market Position
Currently, Seeq operates as a global leader in industrial analytics with employees across multiple continents. It serves a diverse clientele across energy, pharmaceuticals, and mining sectors, among others, enabling these organizations to unlock the potential of their operational data. Seeq boasts strong competitive advantages due to its innovative AI integration and strategic partnerships, which play a crucial role in enhancing operational efficiencies for its clients.
Conclusion
Seeq Corporation stands out as an influential entity in industrial analytics, consistently innovating to support data-driven decision-making across industrial sectors. Its strategic investments and partnerships have paved the way for substantial growth and enhanced capabilities, positioning it well within the niche market of industrial process analytics. Moving forward, Seeq is poised to leverage advancements in AI to further solidify its market dominance and drive transformative changes across industries.