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- Augury Secures $75M to Drive AI Innovation in Manufacturing
Augury Secures $75M to Drive AI Innovation in Manufacturing
Slice of Manufacturing Team
March 02, 2025
Key Highlights:
$75M funding round led by Lightrock, with participation from Insight Partners, Eclipse, Qumra Capital, Schneider Electric Ventures, and Qualcomm Ventures.
Five-fold revenue growth and tripled Fortune 500 customer base since 2021.
Introduction of Agentic-AI capabilities for enhanced reliability and process optimization.
Elan Greenberg joins as COO to drive global scale and operational excellence.
Solutions delivering 99.9% failure detection accuracy, 5-20x ROI, and significant sustainability benefits.
Source: Business Wire
Notable Quotes:
“With this new funding we will continue our 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.”
“Augury is at the forefront of digitalizing equipment maintenance with AI-driven solutions that enhance cost efficiency, sustainability performance, and energy savings.”
“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.”
Why This Matters:
Augury’s latest funding round underscores the growing demand for AI-driven manufacturing solutions that optimize reliability, reduce waste, and enhance efficiency. As the only unicorn in the Production Health category, Augury is not just innovating—it's transforming how the world’s leading manufacturers integrate AI into their operations. The addition of Agentic-AI capabilities, combined with an expanding Fortune 500 customer base, positions Augury at the forefront of Industry 4.0 advancements, ensuring that AI becomes a trusted partner in every stage of production.