Augury, a New York-based provider of industrial AI solutions for reliability and process optimization, has raised $75 million in Series F funding at a $1 billion+ valuation.
Investors
The round was led by Lightrock, with participation from existing investors, including Insight Partners, Eclipse, Qumra Capital, Schneider Electric Ventures, and Qualcomm Ventures.
Lightrock is a global investment platform focused on building a sustainable future. Operating across private and public markets, Lightrock advises over $5.5 billion in assets and Lightrock funds invest in Europe, North America, Latin America, Asia, and Africa. Lightrock is a certified B Corp with a dedicated team of over 130 professionals working across a network of six offices.
Augury Use of Funds
This funding will accelerate the company’s innovation and further scale its operations.
About Augury
Augury is a SaaS company that provides industrial AI solutions for manufacturers and other industry sectors to optimize asset performance and process health. The company uses purpose-built AI technology to help manufacturing and industrial companies eliminate production downtime, improve process efficiency, maximize yield, and reduce waste and emissions. Augury’s mission is to transform how people and machines work together to push the boundaries of human productivity. Its notable customers include PepsiCo, DuPont, Colgate-Palmolive, Procter & Gamble, and Unilever.
Funding Details
Company: Augury Inc.
Raised: $75.0M
Round: Series F
Funding Date: February 2025
Lead Investor: Lightrock
Additional Investors: Insight Partners, Eclipse, Qumra Capital, Schneider Electric Ventures, Qualcomm Ventures
Company Website: https://www.augury.com/
Software Category: Industrial AI
Source: https://www.businesswire.com/news/home/20250219700559/en/