📝 Augury raises $75M

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Augury, an AI-powered industrial monitoring startup, has raised $75 million in the first tranche of its Series F round, led by Lightrock, with total funding expected to reach $100 million. The company’s technology, which uses sensors to detect machine failures before they happen, has seen rapid adoption, with revenue growing fivefold since its last raise in 2021. Major customers include PepsiCo, Nestlé, and Dupont, as well as energy firms through a partnership with Baker Hughes. Augury positions itself as a solution to the industrial sector’s aging workforce, preserving expert knowledge through AI while enhancing machine longevity—a sustainability play that aligns with investors seeking both profitability and environmental impact.

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