SLS Client Munich Re Ventures joins Augury’s $55MM Round

Silicon Legal represented Munich Re Ventures as they joined Augury’s $55 million Series D financing, bringing total company raise to $106 million and a valuation range between $200 – $300 million.

Augury, a machine health and performance startup, is employing artificial intelligence and the Internet of Things to make machines more reliable, reduce their environmental impact, and enhance human productivity. The financing was led by Qumra Capital, a late-stage VC firm based out of Israel, and included participation from, in addition to Munich Re Ventures,  Insight Venture Partners, Eclipse Ventures, Qualcomm Ventures and Lerer Hippeau Ventures.

The Silicon Legal client team included Andre Gharakhanian, Gaurav Mathur, Jackie Ammon, Ian Peck, Ryan Southerland, Meghan Fitzpatrick, Shannon Meyer, Noah Driggs and Tommy Szalasny.

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