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§ Private Profile · 1178 Broadway, NY, NY
Industrial AI company offering machine and process health solutions for industrial manufacturing, focused on predicting mechanical failures.
Augury has raised $369.0M across 8 funding rounds.
Key people at Augury.
Augury has raised $369.0M in total across 8 funding rounds.
Augury is a business-to-business software provider that develops artificial intelligence and internet of things sensor solutions for industrial machine and process health monitoring, dual-headquartered in New York City and Haifa, Israel. The company operates on a subscription-based hardware and software-as-a-service model, supplying enterprise manufacturing clients with continuous equipment diagnostics to predict mechanical failures and optimize production. Augury has reached unicorn status with a valuation exceeding $1 billion, supported by more than $290 million in total venture funding, including a $136 million Series E round in late 2021. The industrial technology enterprise employs over 400 people globally and serves major consumer packaged goods customers such as PepsiCo, Colgate-Palmolive, and Nestlé, while receiving financial backing from lead investors like Insight Partners. The predictive maintenance and manufacturing intelligence company was founded in 2011 by Saar Yoskovitz and Gal Shaul.
Key people at Augury.
Augury is a portfolio company pioneering Machine Health and Process Health solutions using AI and IoT to deliver insights into the health of machines, processes, and operations for manufacturers.[1][2][3] It serves industrial sectors like pharmaceuticals, food and beverage, and consumer packaged goods, helping Fortune 500 companies eliminate downtime, boost efficiency, maximize yield, reduce waste and emissions, and achieve sustainable production—unlocking capacity, predictability, and the "3Ps" of Profit, People, and Planet.[1][2][3][5] With products like prescriptive AI diagnostics (via Auguscope and Machine Health) and process optimization (from acquired Seebo), Augury has scaled to unicorn status through $255M+ in funding, including a $180M Series E, and powers real-time corrections that save millions and cut machine failures by 75%.[1][5]
Augury was founded in 2011 in Israel by Gal Shaul and Saar Yoskovitz, who had an epiphany: humans detect machine issues by sound, so machines could be taught to "hear" via AI and IoT.[1][5] Starting as a cloud-based solution with smartphone-connected sensors (launching Auguscope as the first U.S. machine health product), it pioneered the Machine Health category with prescriptive AI diagnostics that saved millions on first failures.[1] Key pivots included acquiring Seebo to launch Production Health, raising $75M for industrial AI expansion, and a $180M Series E in 2021 to become an Industry 4.0 unicorn—evolving from machine-focused to holistic operations insights across 10+ verticals.[1][3][5]
Augury rides the Industry 4.0 wave, capturing the shift to smart manufacturing amid rising demands for sustainability, supply chain resilience, and downtime elimination in "always-on" environments.[3][5] Its timing aligns with AI/IoT maturation and post-pandemic pressures on efficiency—reducing emissions and waste supports ESG goals while enabling F500 firms to transform cultures toward predictive, agile production.[1][3][5] By pioneering Production Health, Augury influences the ecosystem: it sets standards for AI-driven insights, partners with giants like Google Cloud, and empowers 10+ verticals to thrive on the 3Ps, accelerating industrial AI adoption globally.[1][3][5]
Augury's rebrand to "Predicting a Better Future" signals bolder ambitions in holistic Production Health, expanding beyond machines to operations amid AI advancements and net-zero mandates.[3] Next steps likely include deeper AI integrations, global scaling, and new verticals, fueled by its data moat and unicorn momentum—potentially via acquisitions or IPO as industrial AI hits mainstream.[1][3] Trends like edge computing and workforce upskilling will shape it, evolving its influence from pioneer to essential infrastructure, ensuring people and machines co-create a more efficient, sustainable world—just as its founders envisioned.[1][3][5]
Augury has raised $369.0M across 8 funding rounds. Most recently, it raised $75.0M Series F in February 2025.
Augury has raised $369.0M in total across 8 funding rounds.
Augury's investors include Lightrock, Abstract Ventures, B Capital Group, Eclipse Ventures, Insight Partners, Left Lane Capital, Lowercarbon Capital, Menlo Ventures, Munich Re / HSB Ventures, Qualcomm Ventures, Thirty Five Ventures, American Express Ventures.
