What is Augment Code?
Augment Code, operating as Augment Computing Inc., is an artificial intelligence software development platform company founded in 2022 and headquartered in Palo Alto, California. The company specializes in AI-powered coding assistance tools. Its proprietary Context Engine is designed to provide software developers with a comprehensive understanding of entire codebases, indexing them to deliver relevant context for AI coding tasks. This technology aims to augment developer productivity by offering deep insights into complex code structures, regardless of scale.
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 Innovation Endeavors, Index Ventures, and Sutter Hill Ventures
Key Investors in Augment Code
Innovation Endeavors
Innovation Endeavors is an early-stage venture capital firm focused on visionary founders and transformational technologies, investing across various industries including AI and advanced engineering.
Index Ventures
Index Ventures is a global venture firm that partners with entrepreneurs from seed to IPO, backing companies that challenge the status quo in technology and beyond.
Sutter Hill Ventures
Sutter Hill Ventures is a venture capital firm specializing in financing technology-based startups, providing strategic guidance and operational expertise to help build market-leading companies.
What's next for Augment Code?
With a substantial enterprise-level funding round, Augment Code is poised for accelerated growth and further development of its AI coding assistance platform. The recent strategic investment suggests a focus on scaling operations, enhancing its Context Engine capabilities, and expanding market reach. This capital injection will likely enable Augment Code to solidify its position as a leader in AI-driven developer tools, potentially exploring new applications and integrations within the software development lifecycle. The company's Series B funding indicates a transition into a scaling phase, aiming to capture a larger market share.
See full Augment Code company page
