Qualcomm Ventures said Thursday that it has invested $8 million in a New York-based Internet of Things startup that helps companies predict when their machines will fail. Augury, founded in 2011, collects data from equipment via advanced sensors and then applies artificial intelligence algorithms to anticipate when they will break down. It saves customers money by flagging the need for maintenance ahead of a problem. Qualcomm Ventures believes the investment will help jumpstart the emergence of wireless connected factories, shipyards and other industrial operations -- all of which are expected to accelerate with the rollout of new 5G networks. In industrial settings, every machine generates data.