Augury co-founders Gal Shaul (left) and Saar Yoskovitz. Photo Ori Habushi
In a resounding triumph for the future of AI-driven machine health, Israeli unicorn Augury has secured a staggering $75 million in fresh funding, propelling its valuation past the coveted $1 billion mark. The round, spearheaded by Lightrock with strong backing from existing investors, cements Augury’s dominance as the sole unicorn in the rapidly evolving Production Health sector.
Since its last funding round in 2021, Augury has experienced explosive growth—quintupling its revenue, tripling its Fortune 500 customer base, and dramatically expanding its product suite. What began as a mission to enhance asset performance and reliability has now evolved into a cutting-edge AI-driven powerhouse, optimizing industrial processes with unparalleled precision. With this latest funding, Augury is set to redefine the future of smart manufacturing, pushing the boundaries of IoT, AI, and machine health like never before.
Augury hit unicorn status last October when a $180 million raise gave the company a $1 billion valuation.
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at [email protected].
Thank you.
Founded in 2011 by CEO Saar Yoskovitz and CTO Gal Shaul, and based in Haifa, Augury says that its solution provides insights into the health and performance of the machines, which manufacturers use to make products, and deliver services. Augury has 250 employees including 120 in Israel.
Augury’s mission is to build a world where people can always rely on the machines that matter, by providing its customers with superior insights into the health and performance of the machines they use to make products, deliver services and improve lives.
Augury boasts that its Machine Health solutions create a “real-time, prescriptive source of truth for the health and performance of industrial assets. From the plant floor to the executive office, we provide insights to help you transform the way you manage and maintain your critical assets by predicting and preventing machine failures.”
“We are proud of our position as a leader in Industrial AI,” said Augury CEO Yoskovitz. “But we see our accomplishments to-date as simply the preparation for the opportunity we have ahead of us. We are excited to partner with the world’s leading manufacturers to usher in a new generation of AI and push the boundaries of human productivity.”
