Saudi venture capital firm SAEV invested $50 million in US firms Seeq

Saudi Aramco Energy Ventures, the corporate venture capital arm of Saudi Aramco and a consortium, has acquired stake in Seeq, US-based provider of software and services for industrial data, for $50 million.

Established in 2012 and based in Seattle, Seeq provides software and services that convert industrial data into information and has raised $115 million so far. (SAEV invest globally into start-up and high growth companies and has so far invested publicly in 45 companies. Based out of Dhahran, SAEV also operates through regional offices in North America and Europe)

Saudi Aramco Energy Ventures is listed in the Middle East Investors Directory with the code SINOC23 .