Phillips 66 Invests in Seeq, an Advanced Analytics Software Developer
August 06 2021 - 11:18AM
Business Wire
Investment will support the company’s digital
transformation
Phillips 66 is driving to expand its advanced analytics
capabilities with an investment supporting Seeq, a developer of
software applications for analyzing and sharing insights on process
manufacturing data.
The investment is through the Altira Group, a venture capital
firm that counts Seeq as one of its portfolio companies. It is the
first investment by Phillips 66’s Digital Ventures organization,
which is part of the AdvantEdge66 program launched by the company
to drive digital transformation and innovation.
“Data can yield incredible value and insights when properly
gathered and refined through advanced analytics,” said Zhanna
Golodryga, Senior Vice President and Chief Digital and
Administrative Officer for Phillips 66. “That’s why it’s important
for us to collaborate with companies to advance innovation in the
digital and analytics spaces. This investment provides a pathway
for us to help Seeq grow and continue to improve its products,
which we believe will be beneficial for our digital transformation
journey.”
Seeq is a privately held virtual company headquartered in
Seattle with a comprehensive set of process manufacturing and
Industrial Internet of Things software applications. These
applications, which include time-series data visualization tools,
enable stakeholders to rapidly investigate, collaborate and
distribute insights to improve operations and business
outcomes.
About Phillips 66
Phillips 66 is a diversified energy manufacturing and logistics
company. With a portfolio of Midstream, Chemicals, Refining, and
Marketing and Specialties businesses, the company processes,
transports, stores and markets fuels and products globally.
Phillips 66 Partners, the company’s master limited partnership, is
integral to the portfolio. Headquartered in Houston, the company
has 14,000 employees committed to safety and operating excellence.
Phillips 66 had $57 billion of assets as of June 30, 2021. For more
information, visit www.phillips66.com or follow us on Twitter
@Phillips66Co.
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version on businesswire.com: https://www.businesswire.com/news/home/20210806005403/en/
Shannon Holy (investors) 832-765-2297 shannon.m.holy@p66.com
Bernardo Fallas (media) 855-841-2368
bernardo.e.fallas@p66.com
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