Augury is an AI-driven machine health and process health solutions company that empowers manufacturers with real-time operational insights to enhance efficiency and reliability. Its advanced predictive analytics platform detects early signs of equipment failure, enabling businesses to transition from reactive maintenance to proactive performance optimization. By integrating seamlessly with existing industrial systems, Augury helps companies reduce downtime, maintenance costs, and resource waste. The company serves various industries, including manufacturing, pharmaceuticals, food and beverage, and consumer goods, ensuring uninterrupted production and improved asset longevity. With a mission to create a more resilient and sustainable industrial world, Augury transforms how businesses monitor, maintain, and optimize their critical machinery.
Augury has raised $75 million in a Series F funding round, valuing the company at over $1 billion. The round was led by Lightrock with participation from existing investors Insight Partners, Eclipse, Qumra Capital as well as Schneider Electric Ventures and Qualcomm Ventures.
Augury, New York, New York, United States, was founded in 2011 by Gal Shaul and Saar Yoskovitz. “Augury has a long history of firsts, from the introduction of prescriptive AI-driven solutions that eliminate downtime and the first truly global-scale Industrial IoT deployments in our category to the introduction of AI solutions that encompass both machine and process health,” said Saar Yoskovitz, Augury co-founder and CEO. “With this new funding we will continue that track record, breaking new ground in the introduction of Agentic-AI capabilities that build on our expertise and that our customers can trust across their most critical assets and processes.”
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