Augury Inc. has raised funding to enhance its industrial AItechnology, which helps factories prevent breakdowns, improve efficiency, and boost productivity, demonstrating the growing interest in AI-driven industrial solutions.
Augury has raised $75 million in new funding to keep improving its AI technology for factories. This funding round was led by Lightrock, along with support from investors like Insight Partners, Eclipse, Qumra Capital, Schneider Electric Ventures, and Qualcomm Ventures. This demonstrates growing interest in using AI to make production lines more efficient and avoid costly machine breakdowns.
Making factories smarter with industrial AI
Augury’s industrial AI technology continuously monitors machines to detect problems before they occur. By predicting failures ahead of time, manufacturers can maintain smooth operations, save money, and avoid unnecessary waste. This not only reduces costs but also boosts productivity, ensuring products reach consumers without delays.
Since its last funding round in 2021, Augury has grown rapidly. The company has increased its revenue fivefold and now works with three times as many Fortune 500 companies as before. It has also expanded beyond just monitoring machine health—now, it also helps factories optimise entire processes with AI. With industries facing increased pressure to improve efficiency and sustainability, Augury’s solutions are becoming even more valuable.
“Augury has a long history of firsts, from the introduction of prescriptive AI-driven solutions that eliminate downtime and the first truly global-scale Industrial IoT deployments in our category to the introduction of AI solutions that encompass both machine and process health,” said co-founder and CEO Saar Yoskovitz. “With this new funding, we will continue that track record, breaking new ground in the introduction of Agentic-AI capabilities that build on our expertise and that our customers can trust across their most critical assets and processes.”
Industrious leadership for future AI growth
Augury was founded in 2011 by Saar Yoskovitz and Gal Shaul. To help the company grow even faster, Augury has hired Elan Greenberg as its new Chief Operating Officer. Greenberg has worked for major companies like Flock Safety and DoorDash, where he helped businesses scale successfully. Before that, he worked in investment banking and served in the United States Marine Corps. His experience will help Augury expand its technology and reach even more manufacturers worldwide.
“I’m delighted to join the team at Augury, a category leader known globally for its commitment to service and innovation,” said Greenberg. “Alongside our partners, we’ll continue to empower humans and machines to push the boundaries of what’s possible and make the things we love.”
Greenberg’s leadership will help Augury bring its AI solutions to more factories, making manufacturing safer, more efficient, and more reliable. The company’s long-term vision is to make AI a trusted tool in every step of production. As the manufacturing industry continues to evolve, having leaders with deep experience in scaling businesses will be crucial for Augury’s continued success.
AI-powered solutions for top companies
Augury’s technology is already being used by some of the biggest manufacturers in the world, including PepsiCo, DuPont, and Colgate-Palmolive. These companies rely on Augury’s AI to prevent breakdowns and improve efficiency. With a 99.9% accuracy rate in predicting failures, Augury gives businesses a major advantage in keeping production lines running without interruptions.
Augury’s technology also provides a strong return on investment. Many companies see a 5-20x ROI by reducing equipment failures, cutting down waste, and saving energy. As industries face supply chain challenges and increasing demand, having reliable, AI-powered systems is more important than ever. AI-driven maintenance not only prevents downtime but also helps manufacturers adapt to shifting market demands quickly and efficiently.
Helping the planet while improving business
Augury has analysed over 500 million hours of machine data, creating an estimated $1 billion in value for businesses in more than 40 countries. Its technology also helps factories reduce waste and save energy. On average, factories using Augury’s AI cut down waste by 37% and improve energy efficiency by 2%. By 2040, Augury’s solutions are expected to reduce global CO2 emissions by around 12%, equivalent to cutting 3 million metric tonnes of emissions annually. This makes Augury an important part of making manufacturing more environmentally friendly.
AI-driven solutions like Augury’s don’t just help businesses save money—they also contribute to sustainability efforts by making industrial processes greener. With growing concerns over climate change and stricter environmental regulations, manufacturers are under pressure to reduce their carbon footprint. Augury’s AI solutions help businesses meet these goals without compromising efficiency or profitability. By making factories more energy-efficient, Augury is helping manufacturers transition toward more sustainable operations while staying competitive in their industries.
“We are proud of our position as a leader in Industrial AI,” Yoskovitz stated. “But we see our accomplishments to date as simply the preparation for the opportunity we have ahead of us. We are excited to partner with the world’s leading manufacturers to usher in a new generation of AI and push the boundaries of human productivity.”
The future of AI in manufacturing
With this new funding and a strong leadership team, Augury is ready to take its AI technology to the next level. The company plans to invest in research and development, improve its predictive analytics, and expand its global operations. As more factories look to AI for efficiency and reliability, Augury may play a key role in shaping the future of manufacturing.
Beyond optimising current processes, Augury is looking toward the next wave of AI-powered manufacturing. The company aims to integrate more advanced machine learning capabilities, allowing its AI to make even more accurate predictions and adapt to new challenges in real time. By continuously refining its technology, Augury is ensuring that its solutions remain at the cutting edge of industrial AI innovation.
