Augury, a scale-up that splits its headquarters between Haifa, Israel and New York, uses the Internet of Things and artificial intelligence to predict and prevent industrial machine failures and improve operational performance, permitting manufacturers to reduce downtime, increase production capacity and productivity, optimize the cost of industrial asset care, and accelerate their digital transformation. Augury is so sure of its algorithm’s accuracy -which it says is 99.9% that it has added an insurance policy that guarantees customers will be reimbursed for repairs if their technology does not detect a problem and a machine breaks down. Customers include Colgate-Palmolive, PepsiCo, ICL, Heineken and Nestle.
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