Automation World

With a new round of funding from venture firms, including Siemens’ and Chevron’s, Seeq positions itself for new growth and expansion with existing accounts.

The industrial automation space has become so hot in the past few years that funding of new companies in this area is attracting significant attention. This is especially true in technology areas tied to the Industrial Internet of Things, e.g., connectivity, sensors, visualization, cybersecurity and analytics. Not long ago, I highlighted the venture funding of industrial cybersecurity firm Claroty by Rockwell Automation and Schneider Electric, which has since grown to also include funding from Siemens, among others.