Augury Inc., a NYC and Haifa and Tel Aviv, Israel-based provider of Industrial AI solutions for Reliability and Process Optimization, raised $75m in Series F funding.
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.
The company intends to use the funds for the introduction of Agentic-AI capabilities.
Led by Saar Yoskovitz, co-founder and CEO, Augury is a leader in Machine Health and Process Health solutions. The company uses purpose-built AI technology, trained by industry experts and a large data library, to help manufacturing and industrial companies eliminate production downtime, improve process efficiency, maximize yield, and reduce waste and emissions.
Since its last funding round in 2021, Augury has seen a five-fold increase in revenues, tripled customer base among Fortune 500 manufacturers, and expanded its product portfolio from asset performance and reliability to incorporate AI driven solutions for process optimization.
FinSMEs
19/02/2025