Augury, a leading AI-based Machine Health solution provider, today announced it has secured $55 million in funding. The additional capital will be used to sustain and accelerate Augury's rapid growth and to capitalize on the opportunity to help leading industrial companies improve the reliability, resilience and efficiency of their manufacturing operations.
This Series D round was led by Qumra Capital, a leading late-stage venture capital firm based out of Israel. It includes participation from existing key investors, including Insight Venture Partners, Eclipse Ventures, Munich Re Venture Capital, Qualcomm Ventures and Lerer Hippeau Ventures. With this round Augury has raised $106 million since its initial funding six years ago.
Augury is a New York- and Israel-based company that is bringing predictive maintenance technology to new markets. Built on the idea that each machine has a unique acoustic fingerprint, Augury has developed technology that listens to the machine, analyzes the data and catches any malfunctions before they arise. The Augury solution can be applied to HVAC in industrial factories as well as commercial facilities. Augury is building the mechanical diagnostics platform for the Internet of Things.
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