Industrial IoT company receives great control and vote of confidence from Qualcomm
Augury uses sensors and machine learning to monitor the health of fans, cooling towers and other industrial equipment.
Collaboration is the key to make AI and IoT work
Companies must work together and ensure buy-in to be successful with transformational technology such as artificial intelligence and the Internet of Things.
Qualcomm Ventures announced a $ 8 million investment in Augury, a company that helps manufacturers use sensors and machine learning for real-time, smart surveillance systems.
Saar Yoskovitz, co-founder and CEO of Augury, said that 5G’s promise of lower power, increased bandwidth and low latency capabilities will accelerate digital transformation in the industrial market and enable industrial IoT to scale.
“By partnering with Qualcomm to implement and use 5G-compatible technologies, we will scale our machine health solutions exponentially to make the manufacturing industry more reliable and help our partners transform their business,” said Saar.
Qualcomm network technology forms the base layer of 5G networks. In October, the company’s venture capital investment company launched a $ 5 million fund. The fund will invest in startups that develop new 5G use cases outside the smartphone, stimulate 5G network transformation and expand 5G to business markets.
Augury works with engineering, maintenance and reliability professionals to move monitoring systems from maintenance based on time to maintenance based on circumstances.
SEE: Special report: how 5G will transform the company (free PDF)
The company’s platform tracks vibrations, temperature and magnetic data from assets such as cooling towers, air handling units, cooling and hot water pumps, cooling equipment and fans. Some Augury machine learning algorithms use a database of vibrations to understand the status of a particular machine.
One of Augury’s customers is a hospital in Baltimore. Within the first 12 months after deployment, the Aubury sensor network detected three pump failures in the hospital’s own power plant.
With this early warning, the maintenance team was able to solve the problems before the hospital’s cooled water and steam system was switched off. The maintenance team has also expanded the number of monitored machines from 44 to 155.
In another hospital, the Augury monitoring system prevented the failure of pumps supplying 90% of the plant’s hot water.
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