Augment, a Palo Alto, CA-based AI coding assistance startup, has emerged from stealth mode with a $227 million Series B round, at a $977 million valuation.

Investors

The round was backed by Sutter Hill Ventures, Index Ventures, Innovation Endeavors, Lightspeed Venture Partners, and Meritech Capital. 

Augment Use of Funds

With the funding, Augment aims to accelerate product development and expand its engineering and go-to-market functions to support rapid growth. 

About Augment

Founded in 2022 by Igor Ostrovsky and Guy Gur-Ari, and led by Scott Dietzen and Dion Almaer, Augment emerged from stealth in 2024 to bring AI coding assistance innovations to developers and software teams. The company has developed artificial intelligence (AI) coding assistance software designed to empower programmers and their organizations to deliver improved software. Their platform is designed to understand the programmer’s intent, enhance software quality, and facilitate team collaboration while protecting intellectual property. 

Funding Details

Company: Augment, Inc. 

Raised: $227.0M 

Round: Series B 

Funding Month: April 2024 

Investors: Sutter Hill Ventures, Index Ventures, Innovation Endeavors, Lightspeed Venture Partners, Meritech Capital 

Company Website: https://www.augmentcode.com/  

Software Category: AI Coding Assistance 

Source: https://www.augmentcode.com/blog/augment-inc-raises-227-million