Total amount raised
$1 Billion
Latest funding date
10/1/2021
Location
Augury has successfully raised funds over nine rounds, with the latest being a Series F round. The company is backed by 19 investors, including notable names like Eclipse Ventures and Insight Partners.
Keep reading to explore the intricacies of Augury's fundraising journey and the investors backing this innovative platform.
What Is Augury?
Augury, based in New York, develops AI-driven solutions for monitoring machine health and process efficiency in industrial operations. The company operates in industries such as analytics, artificial intelligence, industrial automation, and machine learning.
Founded in an unspecified year, Augury employs between 251-500 people. The company focuses on enhancing production capacity, predictability, and sustainability in manufacturing through its advanced AI technology.
How Much Funding Has Augury Raised?
- Series F
- Amount Raised: USD 75,000,000
- Date: February 2025
- Lead Investors: Lightrock
- Valuation at Round: Over $1 billion
- Motivation Behind the Round: To introduce Agentic-AI capabilities and accelerate innovation in AI solutions for reliability and process optimization.
- Series E
- Amount Raised: USD 180,000,000
- Date: October 2021
- Lead Investors: Baker Hughes
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and expand the product portfolio.
- Series D
- Amount Raised: USD 55,000,000
- Date: October 2020
- Lead Investors: Qumra Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance AI-driven solutions and expand market reach.
- Series C
- Amount Raised: USD 8,000,000
- Date: December 2019
- Lead Investors: Qualcomm Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop new AI technologies and improve machine health monitoring.
- Series C
- Amount Raised: USD 25,000,000
- Date: January 2019
- Lead Investors: Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the company's AI capabilities and market presence.
- Series B
- Amount Raised: USD 17,000,000
- Date: June 2017
- Lead Investors: Eclipse Ventures, Munich Re Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance predictive maintenance technology and expand customer base.
- Series A
- Amount Raised: USD 7,000,000
- Date: August 2015
- Lead Investors: Eclipse Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop AI-driven solutions for machine health monitoring.
- Seed
- Amount Raised: USD 2,000,000
- Date: October 2014
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of AI solutions for industrial applications.
- Non-Equity Assistance
- Amount Raised: Not publicly disclosed
- Date: October 2013
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support early-stage development and operations.
In total, Augury has raised USD 369,000,000. The current valuation is over $1 billion.
Key Investors
- Lightrock
- Details: Lightrock is a global investment platform committed to building a sustainable future. The firm advises over $5.5 billion in assets and invests in companies that tackle significant global challenges.
- Investment Focus Areas: Healthcare, education, technology.
- Notable Investments: Not specified.
- Insight Partners
- Details: Insight Partners is a global private equity and venture capital firm investing in high-growth technology and software companies. The firm has a strong track record of supporting companies through various stages of growth.
- Investment Focus Areas: High-growth technology, software companies.
- Notable Investments: Shopify, Twitter, Wix.
- Eclipse Ventures
- Details: Eclipse Ventures focuses on early-stage investments in hardware and software companies that are transforming industries. The firm aims to support companies that drive digital transformation in physical industries.
- Investment Focus Areas: Industrial technology, enterprise technology.
- Notable Investments: 6 River Systems, Enovix.
- Qumra Capital
- Details: Qumra Capital is a growth capital fund that invests in late-stage technology companies. The firm focuses on companies with significant growth potential and aims to support their expansion.
- Investment Focus Areas: Late-stage technology companies.
- Notable Investments: Fiverr, Riskified.
- Qualcomm Ventures
- Details: Qualcomm Ventures is the investment arm of Qualcomm Incorporated, focusing on early to late-stage investments in technology companies. The firm supports companies developing innovative technologies in various sectors.
- Investment Focus Areas: Mobile technology, AI, IoT.
- Notable Investments: Zoom, Waze.
What's Next for Augury?
Augury stands at the cusp of significant opportunities, driven by its innovative AI-driven solutions for process optimization and machine health. The company has quintupled its revenue and tripled its customer base among Fortune 500 manufacturers, showcasing the vast potential for growth. With the introduction of Agentic-AI capabilities, Augury is poised to further enhance its product portfolio and expand its market presence globally.
Future fundraising opportunities appear promising as the company continues to demonstrate substantial ROI and sustainability gains for its clients. The recent $75 million Series F funding round, led by Lightrock, underscores investor confidence and sets the stage for potential future investments. Augury's ability to attract new investors will be crucial as it scales operations and innovates further.
However, challenges lie ahead. The competitive landscape in the Industrial AI and process optimization space is fierce, and Augury must continuously innovate to maintain its edge. Additionally, integrating new technologies into existing manufacturing systems and navigating regulatory hurdles in different markets will require strategic planning and execution. Despite these challenges, Augury's commitment to innovation and sustainability positions it well for continued success.
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