Augury offers an end-to-end artificial intelligence-based solution for comprehensive insights into machine health and performance. It helps eliminate downtime, reduce maintenance costs, and maximize productivity for critical machines in industrial and commercial applications ranging from bottling and food processing to paper products and pharmaceuticals. The company was founded in 2011 and is based in New York, New York.
Augury's Product Videos
ESPs containing Augury
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The process manufacturing analytics platforms market refers to tools that collect, analyze, and interpret data from sensors, machinery, and production systems to provide insights and actionable intelligence. These platforms enable manufacturing plants to optimize operations and improve performance through the use of real-time monitoring, predictive maintenance, energy management, and quality contr…
Augury's Products & Differentiators
An industrial AI solution, Machine Health uses the Internet of Things (IoT) and purpose-built Artificial Intelligence (AI) to help people manage industrial assets and optimize their performance. Augury’s full-stack Machine Health Solutions use sensors that capture vibration, temperature and magnetic data from machines, then leverages advanced AI diagnostics and human reliability expertise to deliver real-time visibility and actionable insights into the full range of rotating equipment. With insights aggregated into a centralized platform and additional interoperability capabilities, manufacturing companies can eliminate data silos and work collaboratively to reduce inefficiencies generated by malfunctioning equipment.
Research containing Augury
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Augury in 12 CB Insights research briefs, most recently on Sep 28, 2023.
Expert Collections containing Augury
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Augury is included in 5 Expert Collections, including Unicorns- Billion Dollar Startups.
Unicorns- Billion Dollar Startups
Oil & Gas Tech
Companies in the Oil & Gas Tech space, including those focused on improving operations across upstream, midstream, and downstream sectors, as well as those working on sustainable fuels.
Companies and startups that use of technology to improve core and ancillary insurance operations. Companies in this collection are creating new product architectures, improving underwriting models, accelerating claims and creating a better customer experience
Companies developing artificial intelligence solutions, including cross-industry applications, industry-specific products, and AI infrastructure solutions.
Companies in the advanced manufacturing tech space, including companies focusing on technologies across R&D, mass production, or sustainability
Augury has filed 13 patents.
Computer buses, Portable computers, Mechanics, Quantum mechanics, Serial buses
Computer buses, Portable computers, Mechanics, Quantum mechanics, Serial buses
Latest Augury News
Nov 18, 2023
Can AI solve all of humanity’s problems? Artem Kroupenev, Augury’s Vice President of Strategy, discusses how AI can solve the world’s problems, the current limitations of AI models and what’s next Artem Kroupenev is the Vice President of Strategy at Augury , where he oversees what’s next for Augury's Production Health AI solutions and ecosystem. He’s passionate about building advanced technology-driven products that drive big leaps in value for customers and help transform industries. “The manufacturing industry is behind almost everything that’s useful in our lives, and now it’s on the cusp of unprecedented growth,” he says. “I’m passionate about the people who work in this industry as well as the limitless opportunities to help them work in significantly better and smarter ways.” Augury is a pioneer of industrial-grade AI solutions focused on unlocking Production Health, which provides over 100 of the world's largest manufacturing and industrial companies with insights into the health of machines, processes and operations, to transform how people work and what they can create. “Our Machine Health solution combines AI and IoT with human expertise to offer precise predictions that are 99.9%+ accurate, so maintenance people can fix critical equipment long before it fails.” Here, Kroupenev tells us more. Can AI solve all of humanity’s problems? “AI is a powerful technology that has the potential to solve a lot of the world’s problems - but it will not solve every problem. Playing into this narrative often leads to unmet expectations and disappointed users. For the manufacturing industry specifically, though, AI is already driving major benefits in many areas of business - like helping to reduce production downtime, improve process efficiency, maximise yield, achieve sustainability goals, upskill workers, and so much more. Today’s AI solutions help people perform tasks at unprecedented scale, and enable much better decision making in key areas of expertise. Where we’re headed with AI in the future however, is having a co-pilot or a partner of sorts that can access and understand deep and wide topics across the industry and help people in manufacturing achieve their objectives in a much more informed and autonomous manner.” Tell us about the current limitations of AI models. “Accuracy of AI is especially important in manufacturing, as errors can be disastrous, but insights that are too generic quickly create overhead and erode trust for the team. A great number of solutions out there will collect and send low quality data, which can critically limit the ability to provide timely and accurate diagnostics. “The other key limitation is ability to deploy at scale and bridge the trust gap in a simple and replicable manner. Many AI solutions projects turn out to be highly custom one-off projects that provide little value to the whole enterprise. The ability to quickly roll out an AI solution across 50+ factories, to get people trained and relying on AI as a natural part of their daily work process, is one of the biggest challenges Augury has been able to overcome in the last few years.” Can AI save the world? How can manufacturers read through the AI marketing fluff? “For manufacturers to read through the AI marketing fluff that’s being pitched to them, it’s critical they ask the right questions. What is the quality of the data and the insights that are generated? If you’re being pitched that the solution is accurate and provides value, do you know how exactly that is being measured? How is the AI solution learning from human interaction and expertise, and how does it improve over time? “Most importantly, has the AI solution been shown to work in your specific environment, and has it been successfully deployed at a comparable enterprise scale?” How can they understand if an AI solution they’ve been pitched will really solve their problems? “Look for AI solutions that solve critical use cases and that can be easily measured on business outcomes. Can the solution drive down the cost or improve efficiency of at least one critical task by 10-100x+ (for example, Machine Health increases the scalability of predictive maintenance by a factor of at least 100). “Or, can the economic value of making this task exponentially more efficient provide a significant ROI (for example the downtime, asset care and operational costs avoided with Machine Health provide a 3-10X ROI).” What do the next 12 months hold for you and the company? “We will continue to redefine our Machine Health solutions to increase our machine coverage, release new sensing capabilities, enhance our autonomous process insight and push the boundaries of our insurance - backed AI diagnostic guarantee to cover production losses. We're also working on new and exciting ways to integrate AI into our customers' production environment, stay tuned!” ************************************************* Check out our free upcoming virtual event, Manufacturing LIVE , 6th December 2023. For more insights into Manufacturing - check out the latest edition of Manufacturing Magazine and be sure to follow us on LinkedIn & Twitter . Other magazines that may be of interest - Healthcare Digital . ********************************************* BizClik is a global provider of B2B digital media platforms that cover 'Executive Communities' for CEO's, CFO's, CMO's, Sustainability Leaders, Procurement & Supply Chain Leaders, Technology & AI Leaders, Cyber Leaders, FinTech & InsurTech Leaders as well as covering industries such as Manufacturing, Mining, Energy, EV, Construction, Healthcare + Food & Drink. BizClik, based in London, Dubai & New York offers services such as Content Creation, Advertising & Sponsorship Solutions, Webinars & Events.
Augury Frequently Asked Questions (FAQ)
When was Augury founded?
Augury was founded in 2011.
Where is Augury's headquarters?
Augury's headquarters is located at 469 Fashion Avenue, New York.
What is Augury's latest funding round?
Augury's latest funding round is Series E.
How much did Augury raise?
Augury raised a total of $294M.
Who are the investors of Augury?
Investors of Augury include Lerer Hippeau, Eclipse Ventures, Munich Re Ventures, Qualcomm Ventures, Insight Partners and 10 more.
Who are Augury's competitors?
Competitors of Augury include TVARIT, AssetWatch, Falkonry, TRACTIAN, Infinite Uptime and 7 more.
What products does Augury offer?
Augury's products include Machine Health and 1 more.
Who are Augury's customers?
Customers of Augury include Colgate-Palmolive Company, Osem-Nestlé and ICL .
Compare Augury to Competitors
Petasense builds wireless vibration sensors and cloud software for the predictive maintenance of industrial machines. The company offers a wide range of products such as Vibration Mote, Transmitters, and more. It offers a modern industrial monitoring solution, to help improve asset reliability and predictive maintenance programs, increase operational uptime, reduce maintenance costs, and improve workplace safety. The company was founded in 2014 and is based in Milpitas, California.
Predictronics is a company that focuses on providing AI-based predictive analytics solutions and services in the industrial sector. The company offers solutions that provide actionable data insights, which help businesses reduce downtime, optimize productivity, and improve product quality. Predictronics primarily serves sectors such as manufacturing, semiconductors, cargo and logistics, energy, transportation, and industrial equipment. It is based in Cincinnati, Ohio.
Uptake develops predictive analytics software. It enables and delivers actionable insights to predict asset failure, optimize maintenance strategy, mitigate catastrophic risk, and more. The company was founded in 2014 and is based in Chicago, Illinois.
Sensoteq specializes in wireless technology, specifically in the domain of condition monitoring. The company offers solutions that monitor the health and efficiency of industrial machinery, alerting users to potential faults before failure occurs, thereby reducing costs and unplanned downtime. Sensoteq primarily serves the industrial sector, with a focus on manufacturing and mining industries. It was founded in 2016 and is based in Belfast, Northern Ireland.
Everactive develops a battery-less internet of things (IoT) sensing technology. It offers devices that measure a wide range of sensing inputs, process data on-chip, and wirelessly transmit robust data continuously at a long range. It provides self-sustaining sensors that unlock a hyperscale internet of things (IoT) to maximize returns on digital transformation investments, instantly reducing costs, optimizing asset utilization, and more. Everactive was formerly known as PsiKick. The company was founded in 2012 and is based in Santa Clara, California.
Intelecy operates as a Software as a Service company within sustainable industrial production. The no-code Industrial AI platform allows operators and engineers to create, use and operationalize machine learning (ML) models without coding experience. The applications allow the operational workforce to build ML models in minutes. Anomaly models allow users to detect where anything deviates from the expected behavior. Forecast models enable users to predict what has not happened yet and make adjustments before it’s too late. The Intelecy no-code Industrial AI platform provides built-in MLOps to deploy, monitor, and maintain ML models. Intelecy is explicitly designed for industrial IoT data and can be used in all verticals in the process and manufacturing industry. It integrates swiftly and securely with industrial protocols like OPC-UA, and industrial solutions like Historians or Distributed Control Systems (DCS) through pre-built data connectors. The company was founded in 2016 and is based in Oslo, Norway.