Augury joined the Unicorn Club on October 26, 2021, after raising a $180M Series E funding round led by Baker Hughes, valuing the company at over $1 billion. Headquartered in New York City, New York, United States, Augury provides IoT and cloud‑based machine analytics and predictive maintenance solutions, including real‑time asset monitoring via its “Halo” product and a cloud platform for machine health across manufacturing, utilities and facility management. The company has raised a total of approximately $286 million to date (at the time of the Unicorn milestone) and employs between 201 and 500 people (as of mid-2024).
Keep reading to learn how Augury is transforming equipment reliability and operational uptime with AI‑driven analytics and real‑time condition monitoring.
What Is Augury and What Does It Do?
Founded in 2012, Augury develops solutions for machine health and process health by leveraging IoT sensors, data streaming and machine learning. Its product suite includes the “Halo” wireless real-time asset monitoring solution and a machine-health platform that captures data from manufacturing equipment, IoT devices, and infrastructure, analyses performance trends, predicts failures, and delivers actionable insights via dashboards and alerts.
Industries served include food & beverage, consumer packaged goods, pharmaceuticals, water & wastewater utilities, cogeneration, and facility management.
How Much Funding Has Augury Raised?
- Series E
- Amount Raised: $180M
- Date: October 26, 2021
- Lead Investor: Baker Hughes
- Valuation: >$1B
- Purpose: Expand the machine‑health platform, global scaling, and new industry verticals.
- Series F or Later
- Amount Raised: $75M
- Date: February 2025
- Valuation: ~1B
- Purpose: Continue product innovation and scale operations.
- Earlier Rounds (Seed to Series D)
- Cumulative Funding: ~$131M (approximately)
- Key Investors: Munich Re Ventures, Insight Partners, Eclipse Ventures, Qualcomm Ventures LLC
Total Funding Raised: ~$286M (as of Oct 2021)
Latest Funding Date: February 2025
Latest Valuation: ~$1B+
Employee Count: 201–500 (as of July 1, 2024)
Key Investors
- Baker Hughes
- Details: Global energy‑technology company backing Augury’s Series E and joining its board.
- Focus Areas: Industrial IoT, asset performance management, energy infrastructure.
- Munich Re Ventures
- Details: Venture arm of Munich Re supporting industrial and insurtech innovations.
- Focus Areas: IoT, risk analytics, and machine health data platforms.
- Insight Partners
- Details: Growth‑stage investment firm backing software and analytics companies.
- Focus Areas: Enterprise software, data analytics, scaling SaaS.
Where Is Augury’s Headquarters?
Augury is headquartered in New York City, New York, United States. Its headquarters drives product development, global customer engagement, and strategic partnerships in industrial IoT and machine‑health analytics.
What’s Next for Augury?
Augury plans to expand its machine-health capabilities into additional industries, enhance its AI-driven analytics and condition-monitoring features, and increase its global footprint across manufacturing and infrastructure. The company is also focusing on deeper partnerships with industrial players and scaling its software footprint in the enterprise IoT market.
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