Augury

Company Overview

Snapshot

Founded in August 2012 by Saar Yoskovitz and Gal Shaul, Augury operates with 201–500 employees. The company has raised a total of $369M across 8 funding rounds from 16 investors.

Business overview

Augury specializes in AI-driven Machine Health and Process Health solutions tailored for the manufacturing and industrial sectors. The company integrates advanced artificial intelligence with the Internet of Things (IoT) to deliver real-time insights into machine performance. Its core technology enables predictive maintenance, enhances operational efficiency, and helps customers minimize production downtime, improve process efficiency, maximize yield, and reduce waste and emissions. Augury's solutions serve various industries including Consumer Packaged Goods, Chemicals, Building Materials & Construction, Energy, Food & Beverage, Forest Products, Plastics, Pulp & Paper, Pharma, Glass, and Steel Manufacturing.

Strategic signal

In July 2025, Augury announced workforce reductions, stating that these cuts are intended to sharpen its strategic focus and fuel the next phase of growth. This indicates a strategic pivot towards optimizing operations and resource allocation to enhance future growth trajectories, signaling a commitment to efficiency and targeted expansion for investors.

Company Intelligence Q&A

What was Augury's most recent funding activity?

Qumra Capital, Insight Partners, Eclipse Ventures, and Discount Capital also participated.

What was a significant partnership formed by Augury in 2021?

In October 2021, Baker Hughes and Augury announced an alliance to integrate Augury's machine health capabilities into Baker Hughes' Asset Performance Portfolio, enhancing their offerings for industrial clients.

What was the nature of Augury's Series D funding round?

Qualcomm Ventures, Lerer Hippeau Ventures, La Maison Partners, Insight Partners, Eclipse Ventures, and Munich Re Ventures also participated.

What was Augury's workforce adjustment in August 2023?

In August 2023, Augury implemented a workforce reduction, cutting 18% of its team. This followed an earlier layoff of 5% of its team in January 2023, indicating a period of operational restructuring.