February 19, 2025:
Augury Secures $75M for AI-Powered Machine Monitoring - Augury, a startup specializing in AI-based hardware for factory machine diagnostics, has raised $75 million at a valuation exceeding $1 billion. This Series F funding was led by Lightrock and included returning investors, aiming to expand Augury's customer base and enhance its technology.
Augury's AI uses extensive data to predict machine malfunctions, assisting both human technicians and future robotic systems. The funding underscores the intersection of sustainability and productivity, helping factories extend machine life and address the talent shortage in the manufacturing sector.
