Augury to acquire Seebo for $140m.

Augury, a provider of IoT and Industrial AI solutions that improve health and reliability of machines for manufacturing and industry, agreed to acquire Seebo, a provider of AI-based process intelligence, for $140m. "Manufacturers realize their competitiveness depends on empowering their frontline teams. However, methodologies like TPM and IWS can only drive production gains so far, without accurate insights into the inter-related ways that processes, materials, environment and equipment impact production health. The lack of a unified platform to provide these insights stifles collaboration and progress. The combination of our full-stack machine health platform and Seebo’s process-based AI will give cross functional teams the correlated view they need to transform how they work, and unlock $1tn in untapped production potential from existing facilities worldwide," Saar Yoskovitz, Augury CEO.