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Tel Aviv, Israel

Augury; VC-B; Viola Ventures, Ofek Ventures, Vertex Ventures, TPY Capital

Seebo Process-Based Artificial Intelligence is designed to solve complicated process inefficiencies – revealing the hidden causes and recommending the right actions. By providing production teams with ready-to-use Artificial Intelligence, continuous process mastership becomes a reality.

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Augury Acquires Process-Based AI Company Seebo, Targets $1 Trillion in Untapped Capacity for Manufacturers and Industry

📅 Date:

🏢 Organizations: Augury, Seebo

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. Together the companies will provide a never-before possible, AI-driven view into the interplays between the diverse factors that influence overall production health. These correlated insights will enable customers to take actions that improve asset performance, process optimization, quality, sustainability and safety.

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