Augury Halo helps predict mechanical failures with the IIoT

Industrial Internet of Things (IIoT) technology firm Augury has introduced a cloud-based diagnostics platform that foretells equipment failures beforehand by keeping a close eye on mechanical equipment.

Augury Halo can predict equipment failures by using sensing technologies such as vibrations and ultrasound. It also provides comprehensive, actionable recommendations for maintaining machine health. In addition, the platform issues reports about the developing problems and suggests maintenance practices. Targeted for smart industrial and commercial plants, Augury Halo maximises uptime of mechanical equipment, mitigates maintenance costs, extends equipment life, and improves machine reliability by providing actionable insights from machine data. Another advantage of Augury Halo is the requirement of minimal training for handling.

Saar Yoskovitz, CEO of Augury, said: “The Industrial IoT is changing the way the industry makes informed decisions based on real-time data. Halo shortens the time to action – from the earliest signs of malfunction to remediation.”

Interested parties can get a live demo of Augury Halo at the forthcoming International Machine Vibration Analysis and Condition Monitoring Conference (IMVAC) and the International Maintenance Conference (IMC), to be held in December 2017. 

Elsewhere, a Technavio reports projected that the global IoT-enabled industrial wearables market will grow at a CAGR exceeding 10% from 2017 to 2021 to hit $ 3.05 billion at the end of the forecast period.  The report “Global IoT-Enabled industrial wearables market from 2017-2021” has highlighted three factors that are contributing to the growth: increasing mega trends in digitalisation and automation; more focus on workplace safety and efficiency and augmented smart sensor adoption.

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Industrial IoT startup Augury grabs $17 million in Series B funding

Augury, New York and Haifa, Israel-based platform for mechanical diagnostics of Internet of Things has closed $ 17 million Series B round. It was led by Eclipse Ventures and Munich Re/HSB Ventures. Sound Ventures, First Round Capital, Lerer Hippeau Ventures and Pritzker Group Venture Capital also participated in the round.

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The startup plans to use the proceeds to strengthen Original Equipment Manufacturer (OEM) relationships and build strategic partnerships. Augury’s total equity funding has reached 26M in 3 Rounds from 10 Investors.

“This investment perpetuates the commercial application of IIoT technology into what will become an inevitable part of predictive maintenance technology. We are confident that Augury will continue to redefine and lead the future of diagnostics in the Industrial Internet of Things,” said Lior Susan, Managing Partner, Eclipse Ventures.

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The company provides solutions which include diagnostics as a service and predictive maintenance. Diagnostics as a service is a “Pay as you go” service subscription service which lets regular maintenance staff perform recording and diagnostics on HVAC and other building machinery.

Industrial IoT startups are scooping a lot of cash from investors. DataRPM, an industrial IoT-focused predictive analytics startup got acquired by Progress for $ 30M and Akua raised $ 3M to secure cargo-based IoT through its predictive analytics technology.


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