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Augury (company)

Augury (company)

Augury is a B2B company developing hardware and software solutions to help monitor and diagnose a machine's health through wireless sensors and artificial intelligence capabilities.

OverviewStructured DataIssuesContributors

Contents

augury.com
Is a
Company
Company
Organization
Organization

Company attributes

Industry
Machine learning
Machine learning
Internet of things (IoT)
Internet of things (IoT)
Predictive analytics
Predictive analytics
Manufacturing
Manufacturing
Big data
Big data
Artificial Intelligence (AI)
Artificial Intelligence (AI)
Technology
Technology
Industrial Manufacturing
Industrial Manufacturing
...
Location
New York
New York
New York City
New York City
0
Haifa
Haifa
0
B2X
B2B
B2B
CEO
Saar Yoskovitz
Saar Yoskovitz
Founder
Gal Shaul
Gal Shaul
Saar Yoskovitz
Saar Yoskovitz
AngelList URL
angel.co/augury
Pitchbook URL
pitchbook.com/profiles.../82952-56
Legal Name
Augury Inc.
Number of Employees (Ranges)
51 – 200
Email Address
press@augury.com0
info@augury.com0
Phone Number
+9727743955270
+192932345930
Number of Employees
257
Full Address
469 Fashion Avenue, 12th Floor, New York, NY 10018, United States0
263 W 38th Street , 16th Floor, New York, New York 10018, US
39 Haatzmaut Street, 1st Floor, Haifa, 3303132, Israel0
CIK Number
1,651,145
Investors
Qumra Capital
Qumra Capital
Formation 8
Formation 8
Eclipse Ventures
Eclipse Ventures
Qualcomm Ventures
Qualcomm Ventures
Pritzker Group Venture Capital
Pritzker Group Venture Capital
Munich Re Ventures
Munich Re Ventures
‌
Insight Partners
Munich Re
Munich Re
...
Founded Date
August 2011
Fax Number
+9727730137910
Total Funding Amount (USD)
294,000,000
Latest Funding Round Date
October 27, 2021
Competitors
‌
SmartSignal Corporation
Uptake Technologies
Uptake Technologies
Predix (software)
Predix (software)
Seeq
Seeq
ITT
ITT
Petasense
Petasense
Prognostic
Prognostic
Flutura
Flutura
...
Business Model
Subscription
CTO
Gal Shaul
Gal Shaul
0
CFO
‌
Dvori Ben Basat
0
Latest Funding Type
Series E
Series E
Patents Assigned (Count)
1
Wellfound ID
augury
Country
Israel
Israel
0
United States
United States
0

Other attributes

Blog
blog.augury.com
Company Operating Status
Active
Postmoney Valuation
1,000,000,000
Latest Funding Round Amount (USD)
180,000,000

Augury is a business-to-business (B2B) company that develops a hardware and software solution to troubleshoot a machine through wireless sensors. The company's machine health solutions use sensors with artificial intelligence capabilities and collaboration tools to help understand when machines are at risk and what can be done to prevent failure. This is intended to help facilities and service companies reduce downtime, maintenance costs, and maintain productivity for machines. The company also works to provide expertise in order to prevent failures and help customers know what to do when a machine is at risk.

The company was established in 2011 by Gal Shaul and Saar Yoskovitz. It aims to help companies efficiently solve problems with the machines they use for business operations and to help manufacturers of these machines create better products. Augury is based in New York City, New York.

Platform

Augury's machine health AI platform works to predict failures and prescribes when and how to correct those possible failures. Wireless sensors are connected to equipment across industrial facilities, which transfer mechanical data securely to the cloud. Once in the cloud, the data is then analyzed by proprietary cloud-based AI and prescriptive insights are delivered to the maintenance or reliability personnel of a given organization.

The sensors of the system record readings from motors, compressors, pumps, and heaters, while processing vibration, temperature, and magnetism metrics. The data is then uploaded to the cloud. This technology is also built to improve with scale. The sensor measurements, captured at different spots in machines being monitored, are used to establish baseline readings in Augury's cloud backend. These baselines are then compared to the data collected from similar appliances in order to eliminate the need for the cloud backend to retrain models for each new machines.

The sensors used in Augury's platform are also certified for use in hazardous areas, with Class I Division 2 (C1D2) Group A,B,C,D and Class II Division 2 (C2D2) Group F and G certifications in North America. The hardware used is also certified for use across the globe and the platform can be deployed in a preferred language.

Consultation services

Augury works to help customers receive insights from reliability engineers and vibration analysts, to help increase overall reliability and help those customers ensure that they can meet overall organization goals. This includes pre-implementation consultation, which helps to determine a customers assets and how critical maintenance may or may not be. As well, Augury's analysts review any potentially alerts to protect customers and their protection. And the platform allows these analysts and reliability experts to communicate with customers to offer more context on a diagnosis or provide an expert opinion on a recommended fix.

Guaranteed diagnostics

Augury has partnered with HSB, a Munich Re company, to offer financially backed diagnostics and to provide protection for the machines and reduce the possible financial impact of unexpected downtime. The insurance coverage backs the repair or replace on equipment diagnosed by Augury's platform. This allows customers to benefit from a guarantee of up to USD$100,000 per machine.

Industries

Augury offers the company's platform for machines in the beverage, chemicals, consumer packaged goods, food, forest products, pharmaceutical, and pulp and paper products sectors.

Customers

Augury's customers have included Brooklyn Navy Yard, NYC Department of Education, Grundfos, PSG Dover, Trane, Carrier, Colgate-Palmolive, Hershey's, Heineken, Danone, Nestle, Roseburg, Bausch Health, Tnuva, ATI, Nefco, Bazan Group, and AICL. As well, Augury has planned to build a network of delivery partners, including ProPap in Germany, Caverion in Finland, Pluriserve in Italy, Nuveto in Latin and South America, and 42 North in North America, to supplement installations of the company's equipment.

Timeline

No Timeline data yet.

Funding Rounds

Products

Acquisitions

SBIR/STTR Awards

Patents

Further Resources

Title
Author
Link
Type
Date

Augury helps Carrier with its new digital offering

James Spiro

https://www.calcalistech.com/ctech/articles/0,7340,L-3906311,00.html

Web

April 26, 2021

Augury raises $55 million to grow its predictive maintenance platform

Kyle Wiggers

https://venturebeat.com/2020/10/14/augury-raises-55-million-to-grow-its-predictive-maintenance-platform/

Web

October 14, 2020

Augury, the Israeli AI start-up that detects factory errors ahead of time

https://www.jpost.com/health-science/augury-the-israeli-ai-start-up-that-detects-factory-errors-ahead-of-time-651452

Web

December 8, 2020

Utilizing AI for Predictive Maintenance in Manufacturing | Augury's Saar Yoskovitz

https://www.iotforall.com/podcasts/e099-ai-predictive-maintenance-manufacturing

Web

October 12, 2021

References

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