Augment Raises $227M in Series B Funding to Reinforce Its AI Coding Assistance Platform.
Augment brings innovative AI coding assistance to developers, emphasizing speed, security, and collaboration within software teams.
Company Name: Augment
Location: Palo Alto, CA
Sector: AI Coding Assistance
Funding Details: Raised $227M in Series B funding at a valuation of $977M. The round included investors like Sutter Hill Ventures, Index Ventures, Innovation Endeavors, Lightspeed Venture Partners, and Meritech Capital.
Purpose of Investment: The funding will be used to accelerate product development and expand its product, engineering, and go-to-market teams.
Leadership: The company is led by industry veterans Scott Dietzen and Dion Almaer, with founders Igor Ostrovsky and Guy Gur-Ari.
Product: Augment offers a cutting-edge AI coding assistance platform optimized for large codebases, capable of producing running code and supporting multiple developers and teams, with robust IP protections.
About Company: Augment brings innovative AI coding assistance to developers, emphasizing speed, security, and collaboration within software teams. The platform is SOC-2 Type 1 compliant and pen-test validated, reflecting a strong commitment to security and operational excellence.
