Cisco’s VC arm invests in Seattle-based manufacturing analytics software startup Seeq
Seeq raised another $28 million for its analytics software used by industrial manufacturers to collect and analyze data. Founded in 2012, Seeq helps customers across various industries — oil and gas; food and beverage; metals and mining; etc. Cisco Investments, the venture capital arm of Cisco, invested for the first time in the round, which is a Series B “expansion.” Saudi Aramco Energy Ventures, Altira Group, Chevron Technology Ventures, Second Avenue Partners, Next47, Siemens’ venture arm, and other previous backers also invested. Total funding to date in the 130-person company is $65 million. Seeq is led by CEO Steve Sliwa, who started the company in 2013 after he sold unmanned aircraft maker Insitu to Boeing for a reported purchase price of $400 million in 2008.