Augury raises $75M at $1B+ valuation for its AI that detects malfunctions in factory machines

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As companies like Nvidia and SoftBank focus on industrial robotics as key areas for future R&D, a startup has raised funding today for another facet of how AI is being used on the factory room floor.

Augury, which develops AI-based hardware to identify when machines need repairs and what is wrong with them, has raised $75 million in funding. The company will be using the money to bring on new customers, and continue developing its technology, which measures vibrations, sound, temperature, and other factors. 

The company has so far monitored…



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Augury raises $75M at $1B+ valuation for its AI that detects malfunctions in factory machines


As companies like Nvidia and SoftBank focus on industrial robotics as key areas for future R&D, a startup has raised funding today for another facet of how AI is being used on the factory room floor.

Augury, which develops AI-based hardware to identify when machines need repairs and what is wrong with them, has raised $75 million in funding. The company will be using the money to bring on new customers, and continue developing its technology, which measures vibrations, sound, temperature, and other factors. 

The company has so far monitored…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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