Augury Raises $75M, Maintains Over $1B Valuation

Augury, a startup specializing in industrial AI solutions for machine health and process optimization, has successfully raised $75 million in a Series F funding round, maintaining a valuation exceeding $1 billion. The round was led by Lightrock, with participation from existing investors such as Qualcomm Ventures and Schneider Electric. This recent funding will enable Augury to enhance its technology and expand its client base, which has already tripled among Fortune 500 manufacturers since its last funding round in 2021. The company's revenue has surged fivefold during the same period, driven by demand from major clients including PepsiCo and DuPont. Augury's AI technology monitors various operational metrics to predict maintenance needs, effectively minimizing production downtime for its users. CEO Saar Yoskovitz indicated that the investment reflects a growing interest in AI technologies within the manufacturing sector.