The term IoT stands for Internet of Things. It refers to growing network of physical objects which are connected to the Internet. Although there is an increase in the popularity of the IoT, but a lot of people are still confused with ‘What exactly is IoT?’
CEO: Saar Yoskovitz
Augury, which offers predictive maintenance technology for industrial companies, in June said it had closed $17 million in a Series B funding round to develop strategic partnerships and strengthen its existing OEM relationships.
Augury makes diagnostic technology that physically captures machines' unique acoustic fingerprints, analyzes the data, and finds any potential malfunctions before they happen.
Augury's handheld device listens to machines and enables analysis capabilities on critical operational technology like pumps, fans, chillers and HVAC systems. The New York-based company also offers technology enabling industrial customers to continuously monitor data on their noncritical machines. The company's platform includes a management platform and complementary mobile app so that industrial customers can see trends and statistics about their machines.