Augury Raises $75 Million; Sets The Bar High For Industrial AI Investments In 2025

Augury Raises $75 Million; Sets The Bar High For Industrial AI Investments In 2025

On February 19, AI-based industrial software provider Augury announced that it had raised $75 million in Series F funding, spearheaded by Lightrock, while retaining its $1 billion valuation. This aligns well with the organization’s current trajectory, which – since its last $180 million funding round in 2021 – has witnessed a five-fold increase in revenues and tripled its customer base of Fortune 500 firms, including names such as Colgate-Palmolive, DuPont and Nestlé.

Augury offers AI-based analytics software for machine, process and production health optimization, all of which are key areas of spend for asset-heavy firms over the next 12 months according to the 2025 Verdantix survey of 304 executives in operations, maintenance, engineering and process safety roles. It joins a growing number of AI industrial analytics providers that have recently completed a successful funding round. In May 2024, EthonAI secured $16 million in Series A funding, followed by Seeq’s $50 million Series D in August 2024. This showcases strong investor confidence, as reflected in our findings that the industrial AI analytics software market will grow at 24% CAGR until 2030, with an estimated spend of $2.5 billion in 2025.

With its newly raised funds, Augury will focus on enhancing five key areas in its Machine Health and Process Health solutions: coverage, engagement, insight, infrastructure and ecosystem. According to the provider’s strategic roadmap, this means broadening support for various machine types and fault diagnostics; delivering more immersive user experiences; refining data accuracy and automation for deeper insights; expanding next generation sensing and self-service capabilities; and forging new partnerships. Additionally, the funding will support further development of Process Health features – such as proactive optimization and continuous improvement – ensuring industrial processes benefit from real-time anomaly detection and seamless integration into existing systems.

For more information on industrial AI analytics and data management, visit the Verdantix Industrial Transformation research portal.