Since its last funding round Augury has tripled its number of $1 million-plus accounts, and has achieved over 500 million hours of machine data analysed by its platform and over $1 billion in cost avoidance and revenue creation by its customers utilising its machine and process health solutions. Flagship clients include many of the world’s leading manufacturers including Colgate-Palmolive, PepsiCo, Hershey’s, ICL and Roseburg.  

This funding round also includes participation from several of Augury’s existing investors – Insight Partners, Eclipse Ventures, Qumra Capital as well as Schneider Electric Ventures and Qualcomm Ventures. The new round represents an increase in valuation for Augury, which maintains its position as the only ‘unicorn’ startup in the Production Health category.   

Augury’s goal is to partner with business leaders to deliver a new generation of AI solutions that provide the accuracy and reliability manufacturers need to boost efficiency, sustainability and profitability throughout the manufacturing process.

Manufacturing is more focused than ever on sustainability, efficiency, and AI technology due to rising global challenges and advancements. Climate regulations are stricter, pushing companies to adopt greener practices. AI-driven automation has become more accessible, improving productivity and reducing labor shortages. Supply chain disruptions from past crises highlight the need for resilience, predictive analytics, and lean operations. Consumer demand for eco-friendly products is growing, and businesses must adapt to stay competitive. The sector is at a tipping point where technology and sustainability go hand in hand.

Saar Yoskovitz, Founder and CEO, Augury, said: “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. 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. We are proud of our position as a leader in Industrial AI, 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.”  

“Augury is at the forefront of digitalizing equipment maintenance with AI-driven solutions that enhance cost efficiency, sustainability performance, and energy savings,” commented Ashish (Ash) Puri, Partner at Lightrock. “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, offering a compelling value proposition. The entire Lightrock team is delighted to support Saar and his talented team as they take Augury forward as the category-defining leader in its industry.”

For more startup news, check out the other articles on the website, and subscribe to the magazine for free. Listen to The Cereal Entrepreneur podcast for more interviews with entrepreneurs and big-hitters in the startup ecosystem.