Baker Hughes, Qualcomm, Schneider Electric and Munich Re helped push the machine monitoring technology provider's valuation past $1bn.
Oilfield services provider Baker Hughes led a $180m series E round for US-headquartered machine diagnostics and analysis technology developer Augury yesterday.
The round included Qualcomm Ventures, the investment arm of mobile semiconductor producer Qualcomm, as well as energy technology manufacturer Schneider Electric’s SE Ventures unit and Munich Re Ventures, the corporate venturing vehicle representing reinsurance firm Munich Re.
Insight Partners, Qumra Capital, Eclipse Ventures and Lerer Hippeau also participated in the round, which valued the company at over $1bn post-money,…
