Augury taps $55M for tech that predicts machine faults from vibration, sound and temperature [TechCrunch Blog]
Trane Technologies plc (TT)
Company Research
Source: TechCrunch Blog
On the heels of Amazon about to launch anew enterprise serviceAuguryThe Series D is being led by Qumra Capital, a late-stage VC firm based out of Israel (Augury was founded in Haifa and now has a second HQ in New York), with participation also from Insight Venture Partners, Eclipse Ventures, Munich Re Venture Capital, Qualcomm Ventures and Lerer Hippeau Ventures — all past backers of the startup.Augury, founded in 2011 but out of stealth since 2014, has now raised $106 million, and we understand from a source close to the company that the valuation is in the range of between $200 million and $300 million.The company’s expansion is coming at an interesting point in the wider world of industrial tech, as well as in terms of the competitive landscape.A report in September from Business Insider uncovered documents at Amazon and with regulators that pointed to the company working on a new service it’s called AWS Thor, which sounds like it could directly rival Augury in providing a service
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Earnings
- 2/1/24 - Beat
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Sec Filings
- 4/25/24 - Form ARS
- 4/25/24 - Form DEF
- 4/25/24 - Form DEFA14A
- TT's page on the SEC website