What is Augment Code?
Augment Code, operating as Augment Computing Inc. and headquartered in Palo Alto, California, was founded in 2022 by Guy Gur-Ari, Igor Ostrovsky, and Mike Speiser. The company specializes in developing AI-powered coding assistance tools. Its proprietary Context Engine is designed to provide software developers with a comprehensive understanding of entire codebases, regardless of size, by indexing and comprehending code to deliver relevant context for AI coding tasks. This technology aims to augment developer productivity and efficiency in complex software projects.
How much funding has Augment Code raised?
Augment Code has raised a total of $227M across 1 funding round:
Series B
$227M
Series B (2024): $227M with participation from Index Ventures, Innovation Endeavors, and Sutter Hill Ventures
Key Investors in Augment Code
Index Ventures
Index Ventures is a venture firm that invests in entrepreneurs from seed to IPO, backing companies that challenge the status quo. They have a global presence and a history of investing in transformative technology companies.
Innovation Endeavors
Innovation Endeavors is an early-stage venture capital firm focused on visionary founders and transformational technologies, particularly those leveraging data, computation, and engineering to revolutionize industries.
Sutter Hill Ventures
Sutter Hill Ventures is a technology-focused venture capital firm that partners with entrepreneurs to build market-leading companies, offering significant operational and venture capital expertise.
What's next for Augment Code?
With the recent major strategic investment and substantial overall capital, Augment Code is poised for significant expansion. The company's focus on enhancing developer workflows through advanced AI suggests a strategic push towards enterprise adoption and deeper integration within software development lifecycles. Future developments are likely to center on scaling its Context Engine capabilities, expanding its market reach, and potentially exploring new applications for its AI in code comprehension and generation. This funding round signals a strong belief in Augment Code's potential to reshape the future of software development.
See full Augment Code company page
