(Augury: New York and Tel Aviv) -- Augury, the leading provider of IoT and industrial AI solutions that improve health and reliability of machines for manufacturing and industry, 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.

Augury’s Machine Health solutions help companies ranging from Colgate and PepsiCo to ICL and Essity to predict machine reliability and performance issues to eliminate downtime and increase production efficiencies. Seebo’s process-based artificial intelligence provides manufacturing teams with the insights to optimize processes in the face of multiple, often-conflicting objectives, such as improving quality, throughput, and yield while reducing waste, energy consumption, and emissions.

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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