Seebo

Company Overview

Snapshot

Founded in October 2012 by Lior Akavia and Liran Arkavia, Seebo operated with 11–50 employees. The company was acquired by Augury in May 2022, marking a significant exit in the industrial technology sector.

Business overview

Seebo specializes in providing a Predictive Quality and Yield Solution designed to help manufacturers predict and prevent losses in quality, yield, and waste. The company leverages process-based artificial intelligence to identify and resolve process inefficiencies, offering Automated Root Cause Analysis, Predictive Recommendations, and Proactive Alerts. Seebo's technology serves various industries, including food and beverage, metals and mining, building materials and construction, and chemicals, with a focus on industrial technologies, AI, machine learning, and IoT platforms.

Strategic signal

In May 2022, Seebo was acquired by Augury for $100 million, a strategic move that highlights the increasing consolidation and value placed on AI-powered predictive analytics solutions within the industrial sector. This acquisition signals strong market validation for Seebo's technology and its potential to enhance operational efficiency and reduce waste in manufacturing, indicating a successful exit for its investors and a strengthened offering for Augury.

Company Intelligence Q&A

When was Seebo acquired?

Seebo was acquired by Augury in May 2022 for $100 million.

Which company acquired Seebo?

Seebo was acquired by Augury in May 2022.

What was Seebo's last disclosed funding round?

In March 2021, Seebo completed an extended Series B round, with participation from Vertex Ventures Israel.

What was a notable partnership for Seebo in 2019?

In October 2019, Czech carmaker Škoda announced its intention to use Seebo's Israeli software to optimize engine production.

What recognition did Seebo receive in 2020?

In June 2020, Seebo was awarded as a Technology Pioneer by the World Economic Forum.