Investing.com -- Augury, a firm specializing in artificial intelligence for manufacturing and industrial applications, has successfully raised $75 million in a Series F funding round. This latest round of funding allows the company to retain its valuation, which exceeds $1 billion.
The funding round was spearheaded by Lightrock, with participation from existing investors including Insight Partners, Eclipse, Qumra Capital, Schneider Electric (EPA:SCHN) Ventures, and Qualcomm (NASDAQ:QCOM) Ventures.
In addition to the funding news, Augury announced a change in its executive team. Elan Greenberg, who has previously contributed to the growth of companies such as DoorDash (NASDAQ:DASH) and Flock Safety, has been appointed as the new Chief Operating Officer.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.