Augury, the leading IOT and AI-driven Machine Health solution provider, today announced that it has secured $180 million in new funding bringing the company's post-funding valuation to over $1 billion. With this round, Augury has raised a total of $286 million.

This Series E round was led by Baker Hughes, a global leader in energy technology which will take a seat on Augury's board of directors and incorporate Augury's solutions into its System 1 software and asset performance management (APM) solutions. The round includes participation from new investor SE Ventures, the corporate venture arm of Schneider Electric, and existing investors Insight Partners, Eclipse Ventures, Qumra Capital, Qualcomm Ventures LLC, the HSB Fund of Munich Re Ventures and Lerer Hippeau.

Augury's mission is to build a world where people can always rely on the machines that matter, by providing its customers with superior insights into the health and performance of the machines they use to make products, deliver services and improve lives.