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Seek And Ye Shall Find: Seeq Secures $23M To Advance IIoT Manufacturing

July 18, 2018 / Cynthia S. Artin

Four top investment firms, Altira Group, Chevron Technology Ventures, Second Avenue Partners and next47, the Siemens-backed global venture firm  today added growth capital fuel into Seeq Corporation, in a Series B round totaling $23M. While details on specific uses of funds have not been disclosed, the company stated the additional financing will “significantly expand its development, sales and marketing resources, and also increase its presence in international markets.” Seeq focused early on the Industrial IoT (IIoT) space and last month released their second update to Seeq this year and delivers quarterly updates – while also announcing they hired a new managing director for European operations.