Interview with Saar Yoskovitz, CEO at Machine Health Company: Augury

At Augury, we partner with world-leading manufacturers to provide IIoT and AI technology that literally listens to machines to predict and prevent machine failures, and improve machine performance. Our machine health platform offers automated diagnostics to production line maintenance teams to help them find out what to fix, and how to fix it, at the earliest sign of any developing malfunction.

This solution lowers costs, eliminates factory downtime, while improving productivity, efficiency and supply chain resilience. The system has monitored over 50 million machine hours and has a detection accuracy of 99%. Our sensors capture and transmit vibration, temperate and magnetic data to the Augury platform 24/7, AI then detects issues, explains what caused them and how to resolve them, before it’s too late.
 
 
Machines Talk, We Listen, So You Can Act On Insights - Augury
 

How did you come up with the idea for the company?

 
The idea behind Augury was hatched over 10 years ago, together with my friend and co-founder, Gal Shaul. While I was at university studying Electrical Engineering and Physics, I began exploring the possibilities of using machine learning for speech recognition. Meanwhile, Gal was working at a medical device startup and getting frustrated by the fact that he could hear when machines broke down but lacked the technology to explain how, where and why problems were occurring. This set us on a path of looking at diagnosing machines based on acoustics.

We started listening to machines and talking to mentors and consultants across different markets including commercial buildings, factories, car fleets, oversees shipping – even doctors. Together Gal and I spent 2.5 years bootstrapping the company, dedicating time to customer discovery and building the first prototype ourselves. Today, Augury technology is installed on thousands of machines, with customers that include some of the world’s largest manufacturers, from Heineken to Colgate-Palmolive.
 

 

What advice would you give to other aspiring entrepreneurs?

 
The idea behind a business is not as important as the execution. Having a rigorous approach to validating your assumptions within the market is key to solving a real problem. It’s not just about developing bold ideas and new technology. Spending time on customer discovery, and speaking to experts, helps you build a unique point of view on the market and accurately identify the problem you are solving. This rigorous background work will make it very hard to compete with you.
 

What can we hope to see from Augury in the future?

 
Ultimately, we’re working towards a future where people can always rely on the machines that matter. The manufacturing industry is not yet fully aware of the power of AI-driven predictive maintenance to create cheaper, more efficient and safer systems. We want to help usher in a new wave of digitally transformed manufacturing, with safety at the heart of operations.

As we grow, we know we have to keep innovating to stay relevant. It’s about constant discovery and iteration. In the future, there will be new types of machines and new markets, and we’ll be ready to adapt and redesign our technology to help manufacturers leap into industry 4.0.