New funding: Seattle startup Seeq raised $50 million in a Series C round.
Seeq’s software: Founded in 2012, Seeq’s analytics software is used by industrial manufacturers to collect and analyze data. 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?”
Seeq works with data both on-premise and in the cloud. It has close partnerships with Amazon Web Services and Microsoft Azure.
Leadership: Seeq is led by CEO Steve Sliwa, who started the company in 2012 after he sold unmanned aircraft maker Insitu to Boeing for a reported purchase price of $400 million in 2008.
Investors: Insight Partners led the round; Altira Group, Chevron Technology Ventures, Cisco Investments, Saudi Aramco Energy Ventures, and Second Avenue Partners also participated. Total funding to date is $115 million.
