Augury Inc. raised $75 million in a funding round led by Lightrock to accelerate innovation in Industrial AI solutions.

Feb 19, 2025•10 months ago

Amount Raised

$75 Million

New YorkSoftware

Investors

Qualcomm VenturesSchneider Electric VenturesQumra CapitalEclipseInsight PartnersLightrock

Description

Augury Inc. announced that it has raised $75 million, enabling the company to enhance its innovative AI solutions for manufacturing. The funding round was led by Lightrock with participation from existing investors including Insight Partners and Qualcomm Ventures.

Company Information

Company

Augury

Location

New York, New York, United States

About

Augury is a leader in Machine Health and Process Health solutions. The company uses purpose-built AI technology, trained by industry experts and a large data library, to help manufacturing and industrial companies eliminate production downtime, improve process efficiency, maximize yield, and reduce waste and emissions.

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Funding Insights

Based on industry data

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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