It is with great pleasure that we announce today that we have accomplished another step in Augury’s journey: We have recently closed our first round of funding.
After two years of bootstrapping, we’ve decided it’s time to ramp up our team and start running. When we first started working on Augury, we wanted to prove the technology works and to validate that there is a real business opportunity for Augury before bringing in outside investors. This decision gave us complete freedom to navigate the Customer Development waters, set up experiments, fail fast and change directions. Towards the end of last year, we felt like we’d achieved problem/solution fit and proven our technology – so we hit the road.
Today we can announce that we’ve closed our seed round, which was lead by First Round and included Lerer-Hippeau Ventures, Orfin Ventures, Demarest, and other amazing people that believe in Augury. We feel privileged and fortunate to have found such amazing investors to back us – we’ve found real partners for the journey and we couldn’t have hoped for a better outcome.
[Update: Read Howard Morgan, our partner at First Round’s post on the funding here]
With new funding comes great responsibility. Now it’s our turn to prove that we can accomplish what we set out to do.
It’s time to kick a** and chew bubblegum, and I’m all out of gum.
Saar Yoskovitz - Co-Founder and CEO at Augury. An avid entrepreneur with deep roots in technology - both Hardware and Software - and a passion for building things. Diligently working towards a future where machines around us are more reliable, and have less impact on the environment.