Augury raises $75M at $1B+ valuation for its AI that detects malfunctions in factory machines

As companies like Nvidia and SoftBank focus on industrial robotics as key areas for future R&D, a startup has raised funding today for another facet of how AI is being used on the factory room floor.

Augury, which develops AI-based hardware to identify when machines need repairs and what is wrong with them, has raised $75 million in funding. The company will be using the money to bring on new customers, and continue developing its technology, which measures vibrations, sound, temperature, and other factors. 

The company has so far monitored…