Unicorn Augury lays off 18% of staff just months after $75M raise
Israeli industrial AI firm says cuts will help sharpen focus and fuel next growth phase.
The Haifa-based unicorn Augury, which develops industrial AI solutions for reliability and process optimization, is laying off about 60 employees, approximately 18% of its 345-person workforce in Israel and abroad. This marks the company’s third round of layoffs, following the dismissal of about 100 employees in the previous two rounds. The current layoffs will affect staff both in Israel and overseas.
Full list of Israeli high-tech layoffs in 2025
Founded in 2011 by CEO Saar Yoskovitz and CTO Gal Shaul, Augury raised $75 million in a Series F round in February of this year at a valuation exceeding $1 billion.
Augury has developed a system that integrates software and hardware to monitor the health of machines and processes in various manufacturing plants. With this latest investment, the company’s total funding now stands at $361 million.
The Series F round was led by Lightrock, with several of Augury’s existing investors also participating, including Insight Partners, Eclipse Ventures, and Qumra Capital, as well as Schneider Electric Ventures and Qualcomm Ventures.
Augury stated: “In February, Augury completed a $75 million Series F funding round to help realize the company’s business goals and growth ambitions. In recent years, Augury has achieved significant five-fold revenue growth, tripled its customer base, mainly among Fortune 500 companies, and expanded its product offerings to include a range of AI-based solutions.
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“To maintain this trajectory and strengthen our market leadership, we are adjusting our organizational structure and prioritizing hiring for new roles. Therefore, changes have been made to the workforce, including recruiting for dozens of new positions in the service and sales departments to develop strategic partnerships that reinforce the company’s market presence and deepen collaborations with leading global manufacturers.
“As part of this new focus, we have decided to reduce certain areas of the company and lay off approximately 18% of the workforce, while continuing to recruit aggressively and expand some departments to support significant growth and entry into new markets.
“This is a difficult day for us, as we must say goodbye to valued employees who have been our partners on this journey. The company will do everything possible to help them re-enter the job market and will provide appropriate severance packages. We believe these steps will help us sharpen our focus on growth and continue to deliver revenue and value for our customers.”
