HOUSTON–(Company WIRE)–Phillips 66 is driving to grow its superior analytics capabilities with an investment supporting Seeq, a developer of software applications for analyzing and sharing insights on approach producing info.
The financial investment is by means of the Altira Group, a venture money company that counts Seeq as a single of its portfolio corporations. It is the very first expense by Phillips 66’s Electronic Ventures corporation, which is component of the AdvantEdge66 plan introduced by the organization to generate digital transformation and innovation.
“Details can yield incredible worth and insights when thoroughly gathered and refined through advanced analytics,” reported Zhanna Golodryga, Senior Vice President and Main Electronic and Administrative Officer for Phillips 66. “That is why it is important for us to collaborate with organizations to progress innovation in the electronic and analytics spaces. This investment decision presents a pathway for us to assist Seeq expand and continue on to improve its solutions, which we imagine will be useful for our digital transformation journey.”
Seeq is a privately held digital corporation headquartered in Seattle with a extensive established of system manufacturing and Industrial Online of Factors application programs. These programs, which involve time-sequence data visualization tools, enable stakeholders to swiftly investigate, collaborate and distribute insights to make improvements to functions and small business results.
About Phillips 66
Phillips 66 is a diversified electricity production and logistics business. With a portfolio of Midstream, Substances, Refining, and Internet marketing and Specialties firms, the firm processes, transports, merchants and markets fuels and products globally. Phillips 66 Partners, the company’s learn restricted partnership, is integral to the portfolio. Headquartered in Houston, the firm has 14,000 workforce committed to security and working excellence. Phillips 66 experienced $57 billion of belongings as of June 30, 2021. For more information, pay a visit to www.phillips66.com or stick to us on Twitter @Phillips66Co.