Herzog advised Augury on the deal.
Augury secured a $55 million in a new funding round. Qumra Capital led the Series D round with participation from existing investors, including Insight Venture Partners, Eclipse Ventures and others.
Augury, a provider of AI-based Machine Health solutions, enables digital transformation by providing its customers, some of the world’s largest manufacturers, with visibility and insights into the health and performance of their machines and the ability to adapt their maintenance and manufacturing processes to actual machine conditions rather than traditional time-based processes.
The Herzog team was led by partners Gal Eschet (Picture) Hanan Haviv, and associates Moshe Saado and Nuphar Gafny-Rubin.
Law Firms: Herzog Fox & Neeman;
Clients: Augury Inc.;