Augury Acquires Process-Based Ai Company Seebo, Targets $1 Trillion In Untapped Capacity For Manufacturers And Industry
Augury Acquires Process-Based Ai Company Seebo, Targets $1 Trillion In Untapped Capacity For Manufacturers And Industry
05/10/22, 1:00 PM
Location
new yorkIndustry
software
manufacturing
artificial intelligence
science and engineering
software
Augury, the leading provider of IoT and Industrial AI solutions that improve health and reliability of machines for manufacturing and industry, today announced it has signed a definitive agreement to acquire Seebo, a leader in AI-based process intelligence. The deal is a combination of cash and stock and is valued between $100 million and $200 million.
Company Info
Location
New York, New York, United States
Company info
Augury is a leader in Machine Health and Process Health solutions. The company uses purpose-built AI technology, trained by industry experts and a large data library, to help manufacturing and industrial companies eliminate production downtime, improve process efficiency, maximize yield, and reduce waste and emissions.
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