Total amount raised
$1 Billions
Latest funding date
10/1/2021
Location
Augury has successfully raised significant funding over multiple rounds, attracting a diverse group of investors. The company specializes in AI-driven solutions for monitoring machine health and optimizing industrial processes.
Keep reading to explore the intricacies of Augury's fundraising journey and the investors backing this innovative platform.
What Is Augury?
Founded in August 2011, Augury is based in New York, New York. The company was established by Gal Shaul and Saar Yoskovitz.
Augury specializes in AI-driven solutions for monitoring machine health and optimizing industrial processes. Their technology analyzes data from manufacturing equipment to detect potential failures, optimize performance, and reduce downtime.
With a workforce of 251-500 employees, Augury integrates its platform with existing systems to provide real-time insights into operational conditions, helping manufacturers across various industries improve productivity and minimize resource waste.
How Much Funding Has Augury Raised?
- Seed Round
- Amount Raised: $2M
- Date: October 2014
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop initial AI-driven solutions for machine health monitoring.
- Series A
- Amount Raised: $7M
- Date: August 2015
- Lead Investors: Eclipse Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand product development and market reach.
- Series B
- Amount Raised: $17M
- Date: June 2017
- Lead Investors: Eclipse Ventures, Munich Re Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance AI capabilities.
- Series C
- Amount Raised: $25M
- Date: January 2019
- Lead Investors: Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate market penetration and product innovation.
- Series C (Extension)
- Amount Raised: $8M
- Date: December 2019
- Lead Investors: Qualcomm Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further enhance AI-driven solutions and expand customer base.
- Series D
- Amount Raised: $55M
- Date: October 2020
- Lead Investors: Qumra Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support rapid growth and technological advancements.
- Series E
- Amount Raised: $180M
- Date: October 2021
- Lead Investors: Baker Hughes
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand global reach and enhance AI capabilities.
- Series F
- Amount Raised: $75M
- Date: February 2025
- Lead Investors: Lightrock
- Valuation at Round: $1B+
- Motivation Behind the Round: To introduce Agentic-AI capabilities and drive further innovation.
Total Amount Raised: $369M. Current Valuation: $1B+
Key Investors
- Lightrock
- Details: Lightrock is a global investment platform committed to building a sustainable future. The firm advises over $5.5 billion in assets and invests in companies with scalable, tech-driven business models.
- Investment Focus Areas: Healthcare, education, environmental sustainability.
- Notable Investments: PharmEasy, Dr. Consulta, Infarm.
- Insight Partners
- Details: Insight Partners is a global private equity and venture capital firm investing in high-growth technology and software companies. The firm has a strong track record of supporting companies through various growth stages.
- Investment Focus Areas: Technology, software, internet.
- Notable Investments: Shopify, Twitter, Qualtrics.
- Eclipse Ventures
- Details: Eclipse Ventures is a venture capital firm that invests in early-stage companies focused on the digital transformation of physical industries. The firm aims to support companies that are redefining industrial sectors.
- Investment Focus Areas: Hardware, software, data.
- Notable Investments: Enovix, Clearpath Robotics, Bright Machines.
- Qumra Capital
- Details: Qumra Capital is a growth capital fund that invests in late-stage technology companies. The firm focuses on helping companies scale and achieve significant market impact.
- Investment Focus Areas: SaaS, fintech, digital health.
- Notable Investments: Fiverr, Riskified, JFrog.
- Qualcomm Ventures
- Details: Qualcomm Ventures is the investment arm of Qualcomm Incorporated, focusing on early to growth-stage technology companies. The firm supports companies driving innovation in mobile and wireless technologies.
- Investment Focus Areas: Mobile, AI, IoT, automotive.
- Notable Investments: Zoom, Waze, Fitbit.
What's Next for Augury?
Augury stands at the cusp of significant opportunities, driven by the introduction of Agentic-AI capabilities and the expansion of its AI-driven solutions for process optimization. The company has quintupled its revenue since 2021 and tripled its customer base among Fortune 500 manufacturers, indicating a substantial market potential. With over 500 million hours of machine data analyzed, Augury is poised to generate even more value for its clients, enhancing cost efficiency, sustainability, and energy savings.
Future fundraising opportunities appear promising as Augury continues to scale and innovate. The recent $75 million Series F funding round, led by Lightrock, underscores investor confidence. The company may attract further investments to support its rapid growth and technological advancements. Potential acquisitions could also enhance its AI capabilities and market reach.
However, Augury faces challenges in maintaining its technological leadership and scaling operations globally. The competitive landscape in Industrial AI solutions is rapidly evolving, and ensuring high accuracy and reliability of AI solutions across diverse manufacturing environments will be crucial. Additionally, managing data privacy and security concerns will be essential as the company expands its extensive datasets.
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