In episode 99 of the IoT For All Podcast, Augury Co-Founder and CEO Saar Yoskovitz joins us to share his experience founding and growing an AI-based Machine Health company. Saar talks about the challenges and benefits of building a full-stack IoT company, what he learned while raising $55m in D-series funding, and some of the greatest challenges involved in implementing AI in IoT solutions.
Since co-founding Augury in 2011 Saar has been working with customers and partners to transform how they work to make products, deliver services and improve lives through real-time insight into the health and performance of industrial equipment and systems. Saar holds a dual bachelor’s degree in electrical engineering and physics from the Technion, the Israel Institute of Technology. Before launching Augury, Saar worked at Intel as an Analog Architect.
Interested in connecting with Saar? Reach out to him on Linkedin!
About Augury: Augury works with the largest manufacturing companies, like Colgate, Essity, and Hersheys to make their production lines more reliable and productive. We offer Machine Health-as-a-Service – a full-stack solution from IIoT-enabled sensors to specific outcomes and actionable insights that predict and help prevent unplanned industrial equipment failures and downtime.
Key Questions and Topics from this Episode:
(00:57) Intro to Saar
(03:33) Intro to Augury
(05:28) What are some of the benefits and challenges with going full-stack as a solution provider?
(12:51) Are there any use cases you can share?
(16:34) What’s your view on the current state of the industrial and manufacturing IoT space? What has COVID’s influence been?
(22:51) What’re the biggest challenges involved in implementing AI into your solutions for customers?
(26:23) What was it like raising funding? What do you feel are the biggest challenges for IoT companies looking to raise funds?
(30:27) What are the biggest challenges for companies looking to grow a global presence? Do you have any advice?