Augury (company)

Augury is a technology company that produces hardware, artificial intelligence, and software that diagnose malfunctions in machinery.

Augury
IndustryTechnology
Founded2011
FounderSaar Yoskovitz
Gal Shaul
HeadquartersHaifa
New York City
ProductsArtificial Intelligence
Software
Websitewww.augury.com

History

Augury was founded in 2011 by Saar Yoskovitz, who currently serves as their CEO, and the company's Chief Technology Officer Gal Shaul.[1] In 2015, the company received $7 million in investment from a Series A round of funding,[2][3][4] in 2017, it received $17 million in venture funding,[5] and in 2019, it received an investment of $25 million in a Series C venture capital round, bringing its investment total to $51 million.[6] The company has offices in New York and Haifa, Israel.[4]

In January 2019, Augury acquired Alluvium.[7]

System

Augury continuously measures and records machine data, including[8] vibrations, temperature, and magnetic data from machines to determine if any potential malfunctions exist. It also provides information about the potential cause of any detected malfunctions. The hardware listening device is a wireless halo sensor,[6] which uploads mechanical data[9] to the cloud[6] where its software uses an algorithm that is tied to a database of recorded malfunctions, to predict potential machine breakdowns before they occur. The database was developed by the company, which recorded a myriad of functioning and malfunctioning machines to determine the variables that would be helpful in diagnosis.[10]

References
  1. "Saar Yoskovitz - Founder and CEO of Augury Systems". ideamensch. August 25, 2015.
  2. "News "Shazam" for machines, Augury, snags $7M Series A". Business Journals.
  3. "Augury Lands $7M in Series A Funding". Connected World Magazine.
  4. "Israeli Internet-of-Things co Augury raises $7m". en.globes.co.il. Globes. August 27, 2015.
  5. Industrial IoT Startup Augury Secures $17 Million In Series B Funding To Expand Partnership Strategy
  6. "Augury raises $25 million for AI that predicts equipment failure from ultrasonic vibrations". Venture Beat. January 31, 2019.
  7. "Augury Secures $25M Series C to Grow Impact on Machine Health, Completes Acquisition of Alluvium". www.businesswire.com. 2019-01-31. Retrieved 2020-04-14.
  8. Finley, Klint (November 4, 2015). "An Artificial Ear Lets Machines "Hear" When They're About to Break Down". Wired Magazine.
  9. Valle, Marius (December 6, 2015). "Bruker en iPhone til å høre hva som er galt med motoren". Tu.no.
  10. "The Shazam of machines". CBC.
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