Augury Secures $75M in Series F Funding Led by Lightrock
Deal News | Feb 19, 2025 | Lightrock
Augury, a startup pioneering AI-driven diagnostic technology for industrial machines, has raised $75 million in the initial phase of its Series F funding round led by Lightrock. With this investment, Augury plans to expand its clientele and advance its technology, which leverages vibrations, sounds, and temperatures to predict machinery faults. The company has a vast dataset with over half-a-billion hours of machine operations analyzed, facilitating robust model-free diagnostics for a wide range of equipment. Other participants in the round include Insight Venture Partners, Eclipse, Qualcomm Ventures, SE Ventures, and Qumra Capital. CEO Saar Yoskovitz noted this up-round values the company above $1 billion. The company has seen significant growth since its last funding in 2021, with a five-fold increase in revenue and partnerships with major manufacturers. Lightrock's investment aligns with its focus on sustainable capitalism, supporting technologies that extend equipment life cycles and enhance productivity without increased resource consumption.
Sectors
- Industrial Technology
- Artificial Intelligence
- Venture Capital and Private Equity
Geography
- United States – The article is about a US-based company, Augury, which is receiving significant investment.
Industry
- Industrial Technology – The article centers on Augury, whose technology provides diagnostics for industrial machinery, positioning it within Industrial Technology.
- Artificial Intelligence – Augury leverages AI algorithms to assess machine health, placing the company within the Artificial Intelligence sector.
- Venture Capital and Private Equity – The article discusses a funding round led by Lightrock, a Private Equity firm, thus including this sector.
Financials
- $75 million – Initial amount raised by Augury in its Series F funding round.
- $100 million – Expected final amount for Augury's Series F funding round.
- $1 billion – Valuation of Augury post funding round, confirmed as an up-round.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Augury | Target Company | Company | Augury develops AI-based technology for monitoring and diagnosing industrial machinery. |
| Lightrock | Lead Investor | Company | A Private Equity firm focusing on sustainable investments, leading Augury's Series F funding. |
| Saar Yoskovitz | CEO and Founder | Person | CEO of Augury, providing insights into the company's operations and strategy. |
| Insight Venture Partners | Return Investor | Company | An investment firm participating again in Augury's funding round. |
| Eclipse | Return Investor | Company | An investment firm returning for Augury's latest funding round. |
| Qualcomm Ventures | Return Investor | Company | Venture capital arm of Qualcomm participating in Augury's funding round. |
| SE Ventures | Return Investor | Company | A participant in Augury's Series F funding round. |
| Qumra Capital | Return Investor | Company | Investment firm that previously led a $55 million round for Augury in 2020. |
| Baker Hughes | Strategic Investor | Company | One of Augury's strategic investors and partners, connecting Augury to major gas and energy companies. |
| PepsiCo | Customer | Company | One of Augury's major manufacturing customers. |
| Nestlé | Customer | Company | One of Augury's major manufacturing customers. |
| DuPont | Customer | Company | One of Augury's major manufacturing customers. |