Machine Nation News Team
March 18, 2025 at 11:00:00 AM
The New York-based Industrial Artificial Intelligence Provider Augury Has Raised $75 Million For Its Process Optimization Tools For Manufacturers, In A Deal That Values The Company At More Than $1 Billion
Augury Inc., a New York-based pioneer in industrial artificial intelligence, secured $75 million in a Series F funding round on February 19, 2025, boosting its valuation past $1 billion and cementing its status as a unicorn in the production health category. Led by Lightrock, with participation from existing investors Insight Partners, Eclipse, Qumra Capital, Schneider Electric Ventures, and Qualcomm Ventures, the investment brings Augury’s total funding to $361 million. The cash injection will accelerate development of its AI-driven process optimization tools, which integrate IoT sensors and machine learning to monitor equipment health, predict failures, and enhance manufacturing efficiency. Since its last round in 2021, Augury has tripled its Fortune 500 customer base—including giants like PepsiCo, DuPont, and Colgate-Palmolive—while growing revenue fivefold and analyzing over 500 million hours of machine data across 40 countries, delivering an estimated $1 billion in value to clients.
The company’s solutions, deployed in brownfield and greenfield factories alike, cut process waste by up to 37% and boost energy efficiency by 2% per plant, aligning with sustainability goals as it projects a 12% emissions reduction by 2040, equating to 3 million metric tons of CO2 annually. Augury’s platform, which now includes Agentic-AI capabilities, empowers manufacturers with prescriptive diagnostics and process insights, tackling labor shortages and aging equipment challenges in the $31 billion warehouse automation market. CEO Saar Yoskovitz hailed the funding as a springboard for “breaking new ground,” while newly appointed COO Elan Greenberg, formerly of Flock Safety and DoorDash, aims to scale operations as Augury eyes $100 million in annual recurring revenue (ARR) and a potential IPO when market conditions align.
Source:
Augury Press Release, February 19, 2025
Source:
Social Media Buzz (powered by X):
X is abuzz with Augury’s $75 million raise, with users on March 30, 2025, calling it a “power move” for industrial AI. Posts laud its $1 billion-plus valuation, with one noting it “tripled Fortune 500 clients in three years,” while another praised its “game-changing” waste and energy savings. The chatter reflects hype around Augury’s push to redefine manufacturing efficiency and sustainability in New York and beyond.
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#AuguryAI #IndustrialAI #PredictiveMaintenance #ProcessOptimization #ManufacturingTech #Sustainability