Amid the increasing importance of industrial automation and smart manufacturing, the startup Augury has announced the successful raising of $75 million, achieving a valuation of over $1 billion. This funding will be used to attract new customers and further develop its core technology. Augury specializes in using artificial intelligence to monitor machine operating conditions, promptly identifying equipment failures and maintenance needs by measuring various factors such as vibration, sound, and temperature. Since its establishment, Augury has monitored over 500 million hours of machine operations, covering a wide range of equipment manufacturers and processing methods.
