Startup Of The Week

Startup Of The Week: Augury

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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About the author

Jennifer L. Schenker

Jennifer L. Schenker, an award-winning journalist, has been covering the global tech industry from Europe since 1985, working full-time, at various points in her career for the Wall Street Journal Europe, Time Magazine, International Herald Tribune, Red Herring and BusinessWeek. She is currently the editor-in-chief of The Innovator, an English-language global publication about the digital transformation of business. Jennifer was voted one of the 50 most inspiring women in technology in Europe in 2015 and 2016 and was named by Forbes Magazine in 2018 as one of the 30 women leaders disrupting tech in France. She has been a World Economic Forum Tech Pioneers judge for 20 years. She lives in Paris and has dual U.S. and French citizenship.