Congratulations to our client Augury for securing $180 million in a new funding round
1 November 2021
Huge congratulations to our long-standing client, Augury, the leading Industrial IOT and AI-driven Machine Health solution provider, for securing $180 million in a new funding round and bringing its valuation to over $1 billion! The Series E round was led by Baker Hughes, a global leader in energy technology, and includes participation from new investor SE Ventures (the corporate venture arm of Schneider Electric), and existing investors Insight Partners, Eclipse Ventures, Qumra Capital, Qualcomm Ventures, the HSB Fund of Munich Re Ventures and Lerer Hippeau.
Together with the investment, Baker Hughes and Augury have entered into a long-term, strategic alliance aimed at integrating Augury’s machine health capabilities with Baker Hughes’ energy and industrial asset management portfolio and expanding Augury’s solutions to new industries and markets.
We thank our team, led by our partners Gal Eschet and Gilad Yacubovich, with associates Raphael Aderet and Chen Porian, for leading this significant transaction for Augury.
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