Augury Appoints New AI Product Lead
Industrial AI firm Augury named a new CPTO, a former Google AI product leader. The move signals a continued evolution from predictive maintenance to new AI products that empower the industrial workforce.
Augury, founded in 2011, is headquartered in Haifa, Israel, with offices in New York City and Tel Aviv. The company provides industrial AI solutions aimed at improving machine health and process optimization. Augury's technology integrates software and hardware to monitor the health of machines in manufacturing plants. Augury's solutions help manufacturers eliminate production downtime, improve process efficiency, maximize yield, and reduce waste and emissions. Their AI is trained using industry expertise and a large data library, with customers reporting a 5-20x ROI. As of May 2023, Augury monitored over 100,000 machines and claimed 99.9% diagnostic accuracy. The company has raised $369 million in funding over 8 rounds, with the latest Series F round raising $75 million in February 2025. Investors include Lightrock, Insight Partners, Eclipse Ventures, and Qualcomm Ventures. Augury's valuation is over $1 billion. Augury faces competition from companies like Factory AI, Nanoprecise, and Samotics. Some differentiate themselves by offering sensor-agnostic platforms or focusing on specific areas like electrical signatures. Alternatives like Tractian offer higher data collection rates and integrated CMMS.
