Augury, a New York- and Israel-based predictive machine diagnostics company, raised $7m in Series A funding.
The round was led by Formation 8 Hardware Fund with participation from Pritzker Group Venture Capital and existing investors First Round Capital and Lerer Hippeau Ventures.
The company intends to use the funds to accelerate product development, expand sales and marketing and support ongoing growth.
Led by CEO Saar Yoskovitz, Augury is building the mechanical diagnostics platform for the Internet of Things bringing proprietary algorithms, smart sensing devices and mobile diagnostics tools to new markets, starting with diagnosing HVAC (heating, ventilation and air conditioning) systems in industrial factories as well as commercial facilities.
FinSMEs
27/08/2015