Augury buys Israeli industrial AI co Seebo for $140m
Israeli AI-based mostly equipment well being checking corporation Augury now introduced it has signed a definitive settlement to receive Israeli AI-based system intelligence business Seebo in a cash and inventory offer estmated at about $140 million.

Augury’s equipment overall health remedies support corporations ranging from Colgate and PepsiCo to ICL and Essity forecast device dependability and efficiency problems to remove downtime and maximize generation efficiencies. The corporation elevated $180 million past October at a valuation of in excess of $1 billion, and has elevated a whole of $286 million.




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Seebo’s process-based AI supplies manufacturers with insights to improve processes in the face of objectives these kinds of as increasing excellent, throughput and yield, even though lowering squander, electrical power use and emissions.

Augury and Seebo will incorporate to give an AI-pushed perspective into the diverse factors that influence overall manufacturing wellbeing. These correlated insights will permit clients to consider actions that strengthen asset performance, system optimization, excellent, sustainability and safety.

Augury CEO Saar Yoskovitz said, “Companies notice their competitiveness depends on empowering their frontline teams. On the other hand, methodologies like TPM and IWS can only drive manufacturing gains so significantly, with out correct insights into the inter-related strategies that processes, materials, environment and machines influence production health and fitness. The absence of a unified platform to offer these insights stifles collaboration and development. The mixture of our whole-stack device health platform and Seebo’s process-based AI will give cross functional groups the correlated look at they will need to completely transform how they work, and unlock $1 trillion in untapped generation possible from current facilities all over the world.”

The deal is anticipated to close at the conclusion of May, at which time Seebo’s founders Lior Akavia and Liran Akavia, as properly as other Seebo executives, will join Augury’s administration team. All Seebo’s 85 workforce will sign up for Augury’s workforce of about 320.

Released by Globes, Israel business information – en.globes.co.il – on May well 10, 2022.

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