IoT Startup Augury Raises $25 Million
Augury analyzes sounds produced by industrial machinery to detect potential mechanical malfunctions early on
Amarelle Wenkert : 2019-01-31T15:51:16..
Predictive maintenance company Augury Systems Ltd. announced Thursday the completion of a $25 million series C investment round. The round was led by Insight Venture Partners and participated by existing investors Eclipse Ventures, Munich Re/HSB Ventures, Chicago-based Pritzker Group Venture Capital, and venture capital firm Lerer Hippeau.
Augury also announced the acquisition of New York-based industrial computing startup Alluvium, Inc., without disclosing the financial details.