Munich Re reinvested in the industrial IoT technology provider's series C round, which supported an acquisition of Bloomberg-backed Alluvium.
US-based internet-of-things (IoT) technology developer Augury has raised $25m in a series C round featuring reinsurer Munich Re and acquired corporate-backed machine learning technology developer Alluvium.
The round was led by private equity and venture capital firm Insight Venture Partners and included Eclipse Ventures, Lerer Hippeau Ventures and Pritzker Group Venture Capital, the VC unit of investment firm Pritzker Group. Munich Re invested through its Munich Re/HSB Ventures unit.
Augury has developed vibration and ultrasonic sensors that can be attached…
