What is Augment Code?
Founded in 2022 by Guy Gur-Ari, Igor Ostrovsky, and Mike Speiser, Augment Code operates as Augment Computing Inc. The company specializes in AI-powered coding assistance, distinguishing itself through a proprietary Context Engine that offers a deep, holistic understanding of software repositories. Unlike standard autocomplete tools, the platform is engineered to handle codebases of any size, providing developers with relevant, context-aware suggestions that streamline the development lifecycle. This focus on deep-context indexing positions the company as a critical player in the evolving ecosystem of AI-augmented software engineering.
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 Sutter Hill Ventures, Index Ventures, and Innovation Endeavors
Key Investors in Augment Code
Sutter Hill Ventures
A Palo Alto-based venture firm with a long history of financing high-growth technology startups and providing strategic guidance for market-leading companies.
Index Ventures
A global venture capital firm that partners with founders from seed to IPO, known for backing transformative companies like Datadog and Figma.
Innovation Endeavors
An early-stage venture firm focused on the Super Evolution thesis, investing in transformational technologies that leverage data and advanced engineering.
What's next for Augment Code?
With this major enterprise-level funding, Augment Code is well-positioned to accelerate its product roadmap and expand its market footprint. The strategic focus will likely center on deepening the capabilities of its Context Engine to support increasingly complex enterprise environments, where codebases often span millions of lines of legacy and modern code. By prioritizing high-fidelity AI interactions, the company aims to set a new standard for developer efficiency. Future growth will likely involve scaling its engineering team and enhancing its integration capabilities with existing enterprise development workflows, ensuring that the platform remains an indispensable asset for large-scale software organizations navigating the complexities of modern digital transformation.
See full Augment Code company page
