What is Augury?
Augury is at the forefront of the Industrial Internet of Things (IIoT) revolution, providing a sophisticated mechanical nervous system for industrial equipment. By synthesizing artificial intelligence with advanced sensor technology, the company enables machines to monitor their own health, predict potential failures, and optimize operational performance. This capability is critical for modern enterprises looking to minimize downtime, enhance safety protocols, and maximize human productivity in complex manufacturing environments.
The company's market position is defined by its ability to bridge the gap between legacy industrial hardware and modern digital intelligence. By offering actionable insights into machine reliability, Augury has become an essential partner for organizations seeking to transition toward autonomous, data-driven maintenance strategies.
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 First Round Capital, Lerer Hippeau Ventures, Pritzker Group Venture Capital., Eclipse, and Formation8
Series B (2017): $17M supported by Eclipse Ventures, Pritzker Group Venture Capital, Lerer Hippeau Ventures, Sound Ventures, and First Round Capital
Series C (2019): $33M featuring Munich Re Ventures, Qualcomm Ventures, Insight Venture Partners, Lerer Hippeau, Eclipse Ventures, and Pritzker Group Venture Capital
Series D (2020): $55M backed by Munich Re Venture Capital, Qualcomm Ventures, Qumra Capital, Eclipse Ventures, Insight Venture Partners, and Lerer Hippeau Ventures
Series E (2021): $180M with participation from Baker Hughes, Eclipse, Insight Partners, Lerer Hippeau Ventures, Qualcomm Ventures, SE Ventures, Munich Re Ventures, and Qumra Capital
Series F (2025): $73M led by Qumra Capital, Lightrock, Eclipse Ventures, Lerer Hippeau Ventures, Munich Re Ventures, Qualcomm Ventures, and Insight Partners
Key Investors in Augury
Insight Partners
A global venture capital and private equity firm that invests in high-growth software and technology companies, providing capital and operational support to help businesses scale from early stage to IPO.
Munich Re Ventures
The venture capital arm of Munich Re, focusing on strategic corporate investments in technology companies that align with the future of insurance and industrial risk management.
Qualcomm Ventures
A global corporate venture firm that invests in early to growth-stage technology companies, leveraging deep domain expertise in AI, mobile, and smart systems to help portfolio companies scale.
What's next for Augury?
With the successful closure of this latest funding round, Augury is well-positioned to accelerate its global expansion and deepen its technological moat. The strategic focus will likely shift toward enhancing its AI-driven diagnostic capabilities and expanding its footprint within the energy and manufacturing sectors. As the demand for resilient supply chains and optimized industrial operations continues to rise, Augury's platform is poised to become the standard for machine health monitoring.
The continued support from long-term partners, combined with the entry of new impact-focused investors, suggests a strategic pivot toward sustainable industrial productivity. Future initiatives will likely prioritize the integration of broader enterprise software ecosystems, ensuring that machine health data is seamlessly woven into the broader operational fabric of its global client base.
