Electronics Startup Augury Brings In $17 Million

Augury announced the completion of $17 million in Series B financing. Six investors contributed to the round: Eclipse Ventures, Munich Re HSB Ventures, Sound Ventures, First Round Capital, Lerer Hippeau Ventures and Pritzker Group Venture Capital.

Augury aims to be the machine diagnostics back-end of the Internet of Things. The company’s platform automatically diagnoses machines based on the sounds that they make. This is achieved by connecting vibration and ultrasonic sensors to smartphones and pairing them with machine learning algorithms. Augury is in ongoing pilots with large heating and air conditioning service companies and is pursuing its vision to be inside everything that has moving parts.

In its announcement, the company said Augury will use the funding to strengthen Original Equipment Manufacturer (OEM) relationships, develop strategic partnerships, and further establish itself as the leader in mechanical diagnostics.