Augury

Augury offers AI-based predictive maintenance solutions. It uses wireless halo sensors to record the vibration, temperature, and magnetism of machines and upload them to the cloud, where AI will be used to diagnose faults and predict potential malfunctions. Augury offers Machine Health solutions for Critical Assets (MH CR) and Supporting Equipment (MH SE). It offers a warranty policy (one-of-a-kind in the predictive maintenance field) for up to USD 100,000 of repairs and replacements if the software fails to successfully predict machine faults. The company reported that its machine health (predictive maintenance) solutions can deliver an ROI of 3x–10x.

Key customers and partnerships

Augury has built a customer base consisting of companies such as Hershey’s, Colgate-Palmolive, Grundfos, Heineken, Danone, and Bausch Health. The company announced an insurance plan for its customers in 2020, partly as a strategy to attract more customers. Augury’s Machine Health Solutions are integrated with PTC’s ThingWorx IoT through a partnership in July 2020 and are available in the PTC Marketplace. 

In November 2023, Augury partnered with IFS Ultimo , a provider of cloud-based enterprise asset management (EAM) solutions, to offer machine health monitoring and asset management workflows for industries. 

Funding and financials

The company’s most recent funding round was Series E funding worth USD 180 million in October 2021, led by Baker Hughes, valuing Augury at over USD 1 billion. The funds will be used to create solutions for new industries, continue to facilitate the company’s growth in the manufacturing market, and expand global operations. Baker Hughes, a provider of energy technology solutions, will integrate Augury’s solutions into its System 1 software and asset performance management (APM) solutions. In May 2022, Augury acquired Seebo, another Israeli company that offers predictive quality and yield solutions for manufacturers to identify process-driven inefficiencies.