The investment will support the digital transformation of the company
HOUSTON– (BUSINESS WIRE) –Phillips 66 strives to expand its advanced analytics capabilities with investment supporting Seeq, a developer of software applications for analyzing and sharing information on process manufacturing data .
The investment is made through the Altira group, a venture capital firm which counts Seeq as one of its holding companies. This is the first investment from the Digital Ventures organization of Phillips 66, which is part of the AdvantEdge66 program launched by the company to drive digital transformation and innovation.
“Data can deliver incredible value and insight when properly collected and refined through advanced analytics,” said Zhanna Golodryga, senior vice president and chief digital and administrative officer at Phillips 66. “That’s why it It is important for us to collaborate with businesses to advance innovation in the digital and analytical spaces. This investment allows us to help Seeq grow and continue to improve its products, which we believe will benefit our digital transformation journey.
Seeq is a privately held virtual company headquartered in Seattle with a comprehensive suite of industrial process manufacturing and Internet of Things software applications. These applications, which include time series data visualization tools, enable stakeholders to quickly investigate, collaborate, and disseminate information to improve operations and business results.
About Phillips 66
Phillips 66 is a diversified energy manufacturing and logistics company. With a portfolio of intermediates, chemicals, refining, marketing and specialties, the company processes, transports, stores and markets fuels and products on a global scale. Phillips 66 Partners, the Company’s principal limited partnership, is an integral part of the portfolio. Based in Houston, the company has 14,000 employees committed to safety and operational excellence. Phillips 66 held $ 57 billion in assets as of June 30, 2021. For more information, visit www.phillips66.com or follow us on Twitter @ Phillips66Co.
Shannon Holy (investors)
Bernardo Fallas (media)