Baker Tilly advises Lightrock on investment in Augury

An international team from Germany and the USA from the international consulting and auditing firm Baker Tilly has supported Lightrock, a global private equity platform, with financial and tax due diligence in a financing round for Augury. Augury offers industrial AI solutions for predictive maintenance and process optimization.

The Baker Tilly financial due diligence team consisted of Frank Stahl (lead), Florian Corzilius and Tim Louis Schwarzmeier, the tax due diligence was coordinated by Uwe Roth and Stefan Lehner and performed by colleagues from Baker Tilly US, LLP. Baker Tilly’s interdisciplinary advisory approach ensured a sound assessment of the transaction’s financial and tax conditions.

As part of the financing round led by Lightrock, Augury received a total of 75 million US dollars from Insight Venture Partners, Eclipse, Qualcomm Ventures, SE Ventures and Qumra Capital. The investment will be used for Augury’s expansion and the further development of its AI technology for predictive maintenance. The technology measures vibrations, sound and other factors in order to identify the maintenance requirements of machines at an early stage and prevent breakdowns.

About Lightrock

Lightrock is a global private equity platform that invests in sustainable companies led by purpose-driven entrepreneurs. Since 2007, Lightrock has supported companies with scalable, technology-driven business models in the areas of people, planet and productivity.

About Augury

Augury is a global leader in industrial AI solutions for predictive maintenance and process optimization. Augury's technology analyzes mechanical signals such as vibrations, temperature and sound in order to identify the maintenance needs of machines at an early stage. This prevents unplanned production downtime, increases efficiency and reduces emissions. Augury is already working with well-known companies such as PepsiCo, Nestlé and Dupont.