Augment - About the company
Augment is a series B company based in Palo Alto (United States), founded in 2022 by Igor Ostrovsky and Guy Gur Ari. It operates as a Provider of AI-powered coding assistant and productivity tools for developers and development teams. Augment has raised $252M in funding from Sutter Hill Ventures and Evolution Equity Partners, with a current valuation of $*****. The company has 194 active competitors, including 31 funded and 3 that have exited. Its top competitors include companies like Cognition, Sourcegraph and Tabnine.
Company Details
Provider of AI-powered coding assistant and productivity tools for developers and development teams. It provides users with a platform that automates code suggestion based on APIs and coding patterns. It leverages AI models to streamline and manage the code quality. Features include task management, code review, new engineer onboarding, and more.
- Website
- www.augmentcode.com/
- Social
- Email ID
- *****@augmentcode.com
Key Metrics
Founded Year
2022
Location
Palo Alto, United States
Stage
Series B
Total Funding
$252M in 3 rounds
Latest Funding Round
Post Money Valuation
$***** as on Apr 25, 2024
Investors
Ranked
4th among 194 active competitors
Employee Count
155 as on Jun 30, 2026
Legal entities associated with Augment
Augment is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Augment Computing, Inc, CIN: 881171425 , United States, Active | Apr 25, 2024 | - | 71 (As on Dec 31, 2024) | - |
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Augment's funding and investors
Augment has raised a total funding of $252M over 3 rounds. Its first funding round was on Jan 01, 2024. Its latest funding round was a Series B round on Nov 04, 2024 for $*****. 1 investor participated in its latest round. Augment has 8 institutional investors.
Here is the list of recent funding rounds of Augment:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Nov 04, 2024 | 9939132 | Series B | 7112291 | 9096827 | 9851613 | 3430632 |
Apr 25, 2024 | 2218463 | Series B | 4396350 | 8531611 | 2778345 | |
Jan 01, 2024 | 8852745 | Series A | 3967058 | 4781665 | 9844978 |
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Augment's founders and board of directors
Founder? Claim ProfileHere are the details of Augment's key team members:
- Igor Ostrovsky: Co-Founder of Augment. They serve on the board of 1 company.Contact Info: 1 email address
- Guy Gur Ari: Co-Founder of Augment. Contact Info: 1 email address
- Scott Dietzen: CEO of Augment. Contact Info: 1 email address
Augment's Board of Directors
Augment's board has 5 active members. Shardul Shah, Scott Dietzen, Igor Ostrovsky, Michael L. Speiser and Palmer Rampell are independent board members.Here is the list of Augment's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Independent board member | - | Current | 2y 2m | |
fiwhkex | Independent board member | - | Current | 9y 5m |
zocbino | Independent board member | - | Current | 9y 5m |
jvbring | Independent board member | - | Current | 3y 1m |
gua{unp | Independent board member | - | Current | 1y 4m |
View details of Augment's Founder profiles and Board Members
Augment's employee count trend
Augment has 155 employees as of Jun 26. Here is Augment's employee count trend over the years:
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Augment's Competitors and alternates
Top competitors of Augment include Cognition, Sourcegraph and Tabnine. Here is the list of Top 10 competitors of Augment, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Cognition 2023, San Francisco (United States), Series D | Developer of an AI software engineer designed to automate coding | $2.1B | 72/100 | |
2nd | Sourcegraph 2013, San Francisco (United States), Series D | Developer of a platform for code search, analysis, and modification | $223M | 69/100 | |
3rd | AI powered coding assistant for developers | $102M | 66/100 | ||
4th |  Augment 2022, Palo Alto (United States), Series B | Provider of AI-powered coding assistant and productivity tools for developers and development teams | $252M | 64/100 | |
5th |  Codegen 2023, San Francisco (United States), Acquired | Provider of a platform for deploying and managing autonomous code agents | $16.2M | 63/100 | |
6th |  Magic AI 2022, San Francisco (United States), Series C | AI based code completion and generation solutions | $466M | 57/100 | |
7th |  Kavia AI 2024, San Francisco (United States), Series A | AI-powered workflow management platform | $3M | - | 56/100 |
8th | Cline 2024, Sacramento (United States), Series A | Developer of an AI autonomous coding agent integrated into various IDEs. | $32M | 54/100 | |
9th |  Cosine 2022, London (United Kingdom), Seed | Developer of autonomous AI software designed to execute engineering tasks | $8M | 52/100 | |
10th | CodeMate 2022, Dover (United States), Unfunded | Developer of artificial intelligence tools for software development and coding | - | - | 48/100 |
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Augment's Investments and acquisitions
Augment has made no investments or acquisitions yet.
Reports related to Augment
Here is the latest report on Augment's geography:
News related to Augment
Media has covered Augment for a total of 5 events in the last 1 year, 2 of them have been about company updates and 1 about partnerships.
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Augment Code and Xoriant Partner to Accelerate Enterprise Growth with AI-Driven DevelopmentPR Newswire•Oct 28, 2025•Augment, Xoriant
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AI Logistics Startup Augment Revolutionizes Freight With $85M Series ABitcoin Ethereum News•Sep 05, 2025•Augment
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Augment Raises $85M Series A to Supercharge Augie, The AI Teammate for LogisticsTMC•Sep 04, 2025•Augment, Shopify, 8VC, Redpoint Ventures and 8 others
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Augment Code Launches AI Coding Assistant to Tackle Complex Software ProjectsVentureBeat•Apr 02, 2025•Augment
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CoreWeave closes in on $35bn IPODCD•Feb 27, 2025•CoreWeave, Core Scientific, Cisco Systems Philippines, Nvidia and 18 others
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Augment Receives Investment from Evolution Equity PartnersFinSMEs•Nov 04, 2024•Augment, Evolution Equity Partners
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Augment Code Delivers AI Code Generation Platform to Rival GitHub CopilotDevOps•Oct 24, 2024•Augment
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Augment Emerges from Stealth with $252M to Supercharge Software Development with AIMaginative•Apr 25, 2024•Augment, Index Ventures, Sutter Hill Ventures, Lightspeed Venture Partners and 11 others
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