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Augury Inc.
Gal Shaul and Saar Yoskovitz launched Augury in 2011 in Israel, initially developing smartphone-connected machine diagnostics before shifting to an...
Augury Inc.
Gal Shaul and Saar Yoskovitz launched Augury in 2011 in Israel, initially developing smartphone-connected machine diagnostics before shifting to an AI-driven predictive maintenance model. The company moved its headquarters to New York and now operates as a hybrid global firm with an engineering presence in Israel. Wealth origin for the principals is not publicly attributed to any inherited family fortune; both founders built the company from their own product and engineering expertise. Augury's AI agents monitor thousands of machines across 10+ manufacturing verticals, using vibration analysis and root-cause diagnostics to flag potential failures before they occur. The company targets process-intensive industries such as chemicals, food and beverage, and metals. Confirmed specific deployments include a partnership with a major chemical manufacturer that reportedly saved millions after a single early detection in 2019 (per the firm's timeline). In 2022, Augury acquired Seebo, an operational AI startup, to combine machine health data with process-level production insights. The geographic footprint spans North America and Europe, with customers in heavy industry and discrete manufacturing. The firm raised $75 million in additional funding in 2025 to accelerate its industrial AI solutions, according to the firm's own announcements. Augury employs a team of CAT III/IV vibration analysts, reliability success managers, and client partners to support deployments. Beyond its core software, the company offers installation services and on-demand training through an online knowledge center. Augury lists institutional investors including Insight Partners and PSG Equity, but it does not disclose any associated family office or philanthropic structure. Augury's structural differentiator lies in its data flywheel: the company has accumulated 15 years of real industrial data across thousands of machines, which it uses to train its AI models. This proprietary dataset, combined with its acquisition of Seebo, creates a barrier for competitors entering the predictive maintenance space. The firm operates as a venture-backed enterprise, not a capital allocator for external investors, and its mandate is product-driven rather than returns-driven.
General information
Firm type
Asset Manager
Year founded
2011
AUM
Undisclosed
Location
Region
North America
Country
United States
City
New York
Corporate office
New York, NY, United States
Additional offices
Israel
Principals
Gal Shaul
Co-Founder
Saar Yoskovitz
Co-Founder
Sector focus
Frequently asked questions
Who runs investment decisions at Augury?
Augury is a venture-backed enterprise, not an investment manager. Strategic and financial decisions are led by co-founders Gal Shaul and Saar Yoskovitz, with board oversight from investors including Insight Partners and PSG Equity. The firm does not make external capital allocations or manage third-party funds.
How does Augury source proprietary deal flow?
Augury does not source deals as an allocator; it sells its industrial AI platform directly to manufacturers. The company's growth has been driven by enterprise sales cycles, not investment transactions, and its acquisition of Seebo in 2022 was a strategic purchase to integrate process-level AI capabilities.
Is Augury structured as a single family office or does it operate more like a venture firm?
Augury is neither a family office nor a venture firm. It is a commercial product company that develops and sells industrial AI software. The firm has no disclosed family office structure and does not allocate capital to external managers or deploy direct investments.
Does Augury participate in fund commitments or only direct deals?
Augury does not participate in fund commitments. The firm's business model is based on selling software licenses and services to industrial customers. Its revenue comes from subscription fees and implementation services, not from investment returns.
What investment stages does Augury typically target?
Augury does not target investment stages. The firm focuses on deploying its AI agents across existing manufacturing operations of all sizes, from single-plant deployments to global enterprise rollouts. Its product development is stage-agnostic, supporting early adopter factories and mature production lines equally.
Which sectors does Augury explicitly avoid?
Augury's website does not list excluded sectors, but its focus is clearly on process and discrete manufacturing verticals such as chemicals, food and beverage, metals, and other heavy industry. The firm does not serve financial services, healthcare, or consumer-facing sectors. It has not publicly stated any negative screens.
How is Augury related to its parent or related vehicles?
Augury has no publicly disclosed parent company or related investment vehicles. The firm is an independent entity funded by venture capital investors. Its founding team has not spun out any separate family office or charitable foundation that is formally linked to the company.
Where does the underlying wealth come from?
The underlying wealth for Augury is not from inherited or family-originated capital. The firm is venture-funded, with equity held by its founders and institutional investors. Co-founders Gal Shaul and Saar Yoskovitz built the company from their technical backgrounds, not from an existing family fortune.
Does Augury maintain philanthropic structures, and how are they separated?
Augury does not disclose any philanthropic foundation or charitable arm. The company's website highlights a values section including 'prepare for tomorrow's challenges' and 'we bring passion and enthusiasm,' but there is no formal philanthropic vehicle noted in its public filings or marketing materials.
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