The leading firm of industrial AI solutions, Angury has announced a $75 million Series F funding round led by Lightrock. The funding round also includes the participation of existing investors including Insight Partners, Eclipse, Qumra Capital, Scheider Electric Ventures, and Qualcomm Ventures.
Augury Is Now Only Unicorn in Production Health Category
This funding makes Augury the only unicorn in the Production Health category with a valuation of over $1 billion. Since its last funding round in 2021, Augury’s funding has seen a five-fold increase in revenue along with a tripling of its Fortune 500 manufacturing customers.
The company has also leveraged AI-driven solutions for process optimization. With its AI-based predictive maintenance solutions, which have a 99.9% failure detection accuracy and an estimated 5-20x return on investment, Augury aims to lead the digital transformation of industrial equipment maintenance.
The platform has analyzed over 500 million hours of machine data by delivering an estimated $1 billion in value to customers like PepsiCo, DuPont, and Colgate-Palmolive. Additionally, Augury’s technology has helped reduce process waste by 37% and improve energy efficiency by 2% per plant, which contributes to global sustainability goals.
Angury’s technology has helped reduce process waste by 37% and improve energy efficiency by 2% per plant, which contributes to global sustainability goals.
For its rapid expansion, Augury has appointed Elan Greenberg as Chief Operating Officer. Greenberg was in leadership roles at Flock Safety and DoorDash. His presence brings expertise in scaling high-growth companies. His experience in strategic operations and customer-focused solutions is expected to accelerate Augury’s global impact.
“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,” Saar Yoskovitz, Augury co-founder and CEO stated in the announcement. “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.”
Ashish (Ash) Puri, Partner at Lightrock said “Their predictive maintenance technology, boasting 99.9% failure detection accuracy and a 5-20x ROI when deployed at scale, significantly reduces downtime and energy consumption for its blue-chip clients globally.”
Source:https://www.businesswire.com/news/home/20250219700559/en/Augury-Announces-75-Million-of-Funding-and-Maintains-1B-Valuation-as-it-Accelerates-Leadership-in-Industrial-AI-Solutions
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