Grundfos is partnering with AI-based mechanical diagnostics provider Augury to bring continuous diagnostics to the Danish pump company’s current and future customers as well as co-developing smart diagnostics capabilities in future products.
The partnership will combine Augury’s knowledge within algorithm powered machine listening, with Grundfos’s expertise in water technology and pump systems to create ready-to-implement condition monitoring services and solutions.
“Artificial Intelligence (AI) and Machine Learning are transforming how we access and consume water,” said Fredrik Östbye, group vice president, head of Digital Transformation at Grundfos. “We’re excited about our new partnership with Augury and together we will make water and pump systems more reliable, sustainable and resilient for years to come. Furthermore, together we can use our capabilities to create something new, adding more value to our customers based on our joint expertise.”
Saar Yoskovitz, co-founder and CEO of Augury, said: “Together we are in a unique position to shape the emerging market of connected devices as it introduces new business models that provide more value to end users. Our mission is to make machines more reliable while reducing their environmental impact and this partnership is a significant step to achieving that goal.”
“This partnership will accelerate and digitally enable our service offerings,” said Thomas Rosenkilde Anderson, group vice president, Grundfos Service & Solutions. “Augury will bolster our capabilities to provide our customers solutions that detect problems before they cause loss of production and allow response time to fix them.”
This new strategic and co-development partnership strengthens the business relationship that the two companies started two years ago.