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

Augury, a New York and Haifa, Israel-based platform for mechanical diagnostics of Internet of Things has closed a $17 million Series B round.

The round was led by Eclipse Ventures and Munich Re/HSB Ventures. Sound Ventures, First Round Capital, Lerer Hippeau Ventures with Pritzker Group Venture Capital also participating in the round.

Auguscope

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.