AI-powered machinery monitoring improving production efficiency

Augury provides AI-powered machine health solutions for industrial manufacturing. Their products and services help companies to improve production efficiency, reduce downtime, and extend the life of their machines. Theier flagship product, the Augury Orb, is a wireless sensor that attaches to machines and collects data on their vibration, temperature, and other operating parameters. This data is then sent to the Augury cloud, where it is analyzed by AI algorithms to identify potential problems. Augury’s AI can predict when machines are likely to fail, so that companies can take preventive action. Augury’s products and services are used by a wide range of industrial companies, including food and beverage, automotive, and energy. The company has offices in the United States, Europe, and Asia.

Funds
La Maison ITF 2
Company
Augury
Investment date
2020
Strategy
Venture capital
Status
Active
Sector
Industrial services
World region
Israel
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