Augury Acquires Process-Based AI Firm Seebo.
MANews-(C)2009-2022
US-based IoT and Industrial AI solutions provider Augury has signed a definitive agreement to acquire Israel-based AI-based process intelligence Seebospecialist, the company said.
The deal is a combination of cash and stock and is valued between USD 100m and USD 200m.
Augury's Machine Health solutions help companies ranging from Colgate and PepsiCo to ICL and Essity 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...
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