What is Augury?
Augury is at the forefront of industrial predictive maintenance, leveraging a unique combination of AI and IoT to create a 'mechanical nervous system' for machinery. By providing machines with the awareness to optimize their own health, Augury addresses critical industry needs for increased uptime, reduced operational costs, and enhanced workplace safety. The company's innovative approach positions it as a key player in the digital transformation of heavy industries, offering actionable insights that prevent failures and improve efficiency.
How much funding has Augury raised?
Augury has raised a total of $367M across 7 funding rounds:
Private Equity
$2M
Series A
$7M
Series B
$17M
Series C
$33M
Series D
$55M
Series E
$180M
Series F
$73M
Private Equity (2014): $2M with participation from Formation8 and First Round Capital
Series A (2015): $7M led by Lerer Hippeau Ventures, Eclipse, Pritzker Group Venture Capital., First Round Capital, and Formation8
Series B (2017): $17M supported by First Round Capital, Sound Ventures, Lerer Hippeau Ventures, Pritzker Group Venture Capital, and Eclipse Ventures
Series C (2019): $33M featuring Qualcomm Ventures, Pritzker Group Venture Capital, Munich Re Ventures, Eclipse Ventures, Insight Venture Partners, and Lerer Hippeau
Series D (2020): $55M backed by Munich Re Venture Capital, Lerer Hippeau Ventures, Insight Venture Partners, Qumra Capital, Qualcomm Ventures, and Eclipse Ventures
Series E (2021): $180M with participation from Qualcomm Ventures, Eclipse, Qumra Capital, Insight Partners, SE Ventures, Lerer Hippeau Ventures, Munich Re Ventures, and Baker Hughes
Series F (2025): $73M led by Qualcomm Ventures, Lerer Hippeau Ventures, Qumra Capital, Lightrock, Insight Partners, Munich Re Ventures, and Eclipse Ventures
Key Investors in Augury
Qualcomm Ventures
Qualcomm Ventures is a global corporate venture firm that invests in early to growth stage technology companies, aiming to support entrepreneurs in building revolutionary businesses. With over 25 years of experience, the firm has a portfolio of 360 companies and manages $2 billion in assets. Qualcomm Ventures provides access to leading technology, domain expertise, and a robust network to help companies scale effectively. The firm focuses on various sectors including AI, automotive, mobile, enterprise, and smart systems.
Lerer Hippeau Ventures
Lerer Hippeau is a venture capital firm focused on investing in innovative startups, particularly in the early stages such as Seed and Pre-Seed rounds. They aim to support founders with great ideas who are willing to tackle challenging problems, fostering long-term success through their expertise as former operators. The firm invests across both enterprise and consumer landscapes, embodying a community spirit reminiscent of New York's audacity and resilience. Their portfolio reflects a commitment to redefining and creating new industry categories.
Eclipse Ventures
Eclipse Development Group excels in developing partnerships with municipalities, and tenants to achieve aesthetically attractive quality projects that go beyond expectations of which communities can take pride in for generations to come. We take great pride in accomplishing our and our partners goals, and achieving great successes where others have failed. Click Here to Enter the Website
What's next for Augury?
With its latest major strategic investment, Augury is poised for accelerated expansion and technological advancement. The substantial capital infusion is expected to fuel further research and development in AI-driven diagnostics, expand its global market reach, and enhance its service offerings. This strategic financing will likely enable Augury to solidify its leadership position in the machine health monitoring space, driving innovation and setting new industry standards for predictive maintenance and operational excellence.
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