What is Augury?
Augury is at the forefront of industrial technology, leveraging the convergence of artificial intelligence (AI) and the Internet of Things (IoT) to create a 'mechanical nervous system' for machines. This innovative approach provides machines with advanced awareness of their own operational health, enabling predictive maintenance and proactive optimization. By doing so, Augury significantly enhances human productivity and safety within industrial environments, addressing critical needs for reliability and efficiency in complex machinery operations. The company's solutions are designed to prevent failures, reduce downtime, and extend the lifespan of industrial equipment.
How much funding has Augury raised?
Augury has raised a total of $367M across 7 funding rounds:
Private Equity
$2M
Series A
$7M
Series B
$17M
Series C
$33M
Series D
$55M
Series E
$180M
Series F
$73M
Private Equity (2014): $2M with participation from First Round Capital and Formation8
Series A (2015): $7M led by Formation8, Lerer Hippeau Ventures, Pritzker Group Venture Capital., First Round Capital, and Eclipse
Series B (2017): $17M supported by First Round Capital, Eclipse Ventures, Sound Ventures, Pritzker Group Venture Capital, and Lerer Hippeau Ventures
Series C (2019): $33M featuring Lerer Hippeau, Eclipse Ventures, Munich Re Ventures, Insight Venture Partners, Qualcomm Ventures, and Pritzker Group Venture Capital
Series D (2020): $55M backed by Insight Venture Partners, Eclipse Ventures, Qumra Capital, Qualcomm Ventures, Lerer Hippeau Ventures, and Munich Re Venture Capital
Series E (2021): $180M with participation from Munich Re Ventures, Lerer Hippeau Ventures, Insight Partners, Eclipse, Qumra Capital, Qualcomm Ventures, Baker Hughes, and SE Ventures
Series F (2025): $73M led by Lerer Hippeau Ventures, Munich Re Ventures, Insight Partners, Lightrock, Eclipse Ventures, Qualcomm Ventures, and Qumra Capital
Key Investors in Augury
First Round Capital
First Round Capital is a venture capital firm that invests in early-stage technology companies, known for its hands-on approach and focus on building strong founder relationships. They support startups across various sectors, aiming to foster innovation and growth.
Formation8
Formation 8 is a venture capital firm that supports entrepreneurs in building market-leading smart enterprise and energy technology companies, providing operational expertise to help them achieve global scale.
Munich Re Ventures
Munich Re Ventures is a venture capital and private equity arm focused on strategic corporate ventures and capital investments within the technology sector.
What's next for Augury?
With the recent influx of $73M in a major strategic investment, Augury is poised for accelerated expansion and technological advancement. This significant capital injection, part of its overall $367M in funding, will likely fuel further research and development into AI-driven predictive maintenance solutions. Expect Augury to deepen its market penetration, enhance its platform capabilities, and potentially explore new industry verticals where machine reliability is paramount. The company's strategic focus on combining AI and IoT positions it for continued leadership in the industrial IoT and machine health monitoring space, driving greater operational efficiency and safety across global industries.
See full Augury company page
