Companies

Augment

augmentcode.com

Augment Code builds context-aware AI agents that help developers generate, review, and manage software.

HQPalo Alto, California, United States
Employees51-200
Funding$252M
Valuation$977M
1 active role
Profile 6mo agoJobs checked 1h ago
Developer ToolsAI ApplicationB2B SaaSSeries B$200M-$1B

About

Augment Code builds AI agents and coding tools for software developers and engineering organizations, helping them generate, review, and manage software. Its differentiation is deep contextual understanding of entire codebases, combined with IDE and CLI integrations, semantic analysis, remote agents, and task coordination for complex projects.

Market

Augment competes in the AI-powered software-development and developer-tools market, specifically the emerging category of AI coding assistants and agentic coding platforms. It positions itself around whole-codebase understanding, custom code-focused models, and team-scale workflows rather than narrow autocomplete, differentiating through contextual code comprehension, code review and management capabilities, semantic analysis, and support for remote agents.

Target Customers

Augment targets software-development organizations ranging from startups to Fortune 500 companies, with a focus on software engineering teams and developers. Its team-oriented positioning is particularly relevant to engineering organizations seeking to improve productivity, code quality, onboarding, and collaboration at scale.

At a Glance

Problem

Professional engineering teams struggle to make AI useful on large, mature codebases because most tools lack enough system-wide context. New engineers may spend four to five months becoming productive while they reconstruct architecture, understand dependencies, and hesitate to ask teammates basic questions. That delay translates into slower onboarding, higher labor costs, and more time spent on code review and maintenance rather than shipping.

The clearest use case is helping an engineer—especially a new hire—understand and change an unfamiliar, sprawling codebase. Augment is designed to let engineers ask contextual questions privately, reach a first-pass understanding without interrupting colleagues, and then produce complex, cross-cutting pull requests much earlier in their tenure.

Product / Service

Augment is an enterprise AI coding platform built around a context engine that ingests an entire codebase and keeps its understanding synchronized in milliseconds. It supplies that context to AI models and coding agents, positioning the product not merely as autocomplete but as agentic software development at organizational scale. The company also offers the context engine as a standalone API, extending the capability beyond its own coding interface.

Its enterprise delivery model emphasizes control as well as capability: Cosmos is positioned to run inside the customer's perimeter, on the customer's keys and policies, without training on customer code, with actions observable, auditable, and subject to human approval. Augment reports 2–3× engineering throughput, a 66% reduction in time to merge, and 33% lower token cost across the software development lifecycle; these are company-reported benefits rather than independently verified results.

Market

Augment competes in the enterprise AI coding assistant and AI coding-agent market, with a focus on professional software engineers and large codebases. The competitive set includes Cursor, GitHub Copilot, Amazon Q Developer, JetBrains AI Assistant, Tabnine, Replit Agent, and Aider, while enterprise alternatives also include products such as Codegen. Its intended differentiation is the combination of deep repository context, cross-codebase work, and enterprise governance and security.

The available evidence indicates an active commercial product rather than a merely pre-launch concept: Augment markets Cosmos, publishes quantified productivity claims, and describes enterprise security and governance controls, including ISO/IEC 42001 certification for its AI management system. However, the supplied research contains no customer count, revenue figure, or funding-to-revenue evidence, so Augment's exact scale and whether it is profitable or pre-revenue cannot be determined from the available information.

Founders & Leadership

Guy Gur-AriFounder
Co-Founder and Chief Scientist
Igor OstrovskyFounder
Co-Founder
Mike SpeiserFounder
Founding CEO
Matt McClernanChief Executive Officer
Nicholas (Nick) WagnerChief Revenue Officer
Evan DriscollVice President of Engineering

Funding History

2024-01
Series A$25M

Sutter Hill Ventures

2024-04
Series B$227M

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

2024-11
Series BUndisclosed

Evolution Equity Partners

Recent News

2026-06-03product
Hello, Cosmos: the platform for AI-native engineering teams

Augment made Cosmos available to all plans, introducing a platform that brings together developers, agents, codebase intelligence, and tools across the software development lifecycle.

2026-03-30
How Augment Code Solved the Large Codebase Problem

Codacy profiled Augment Code’s approach to large, complex codebases, highlighting its repository-wide semantic context and real-time synchronization. The article also noted the launch of Augment’s Context Engine as a standalone API.

2026-02-18partnership
Augment and Jellyfish partner to make AI impact measurable

Augment and Jellyfish announced an integration that surfaces Augment usage telemetry in Jellyfish AI Impact, helping engineering leaders measure productivity and delivery outcomes. The integration is powered by Augment’s Analytics API.

2026-02-10product
Intent: A workspace for agent orchestration

Augment announced Intent, a developer workspace for orchestrating agents. Users define the specification and approve the plan while agents work in parallel.

2026-02-06product
Augment's Context Engine is now available for any AI agent

Augment launched Context Engine MCP, extending its semantic code search to every MCP-compatible agent.

2025-10-29partnership
Augment Code & Xoriant Partner to Redefine AI Driven Growth

Augment Code and digital engineering firm Xoriant formed a strategic partnership combining Augment’s AI-powered development platform with Xoriant’s enterprise engineering expertise. Xoriant said the collaboration enables its AI Pods offering for enterprise customers.

2025-10-06
Augment Code’s pricing is changing on October 20, 2025

Augment announced a shift from message-based plans to credit-based pricing beginning October 20, 2025. Credits can be used across different development activities and are intended to align pricing with actual usage.

Active Roles

1
Palo Alto, California, United States/Engineering/34d ago

Business Model

Augment Code monetizes paid subscriptions for teams and enterprise organizations. Its Business plan is listed at $100 per month, while enterprise customers use credit- or token-based pricing tied to resource consumption.

Products

AI-powered software-development platform with chat, code completions, and guided editsAI coding agents that generate, review, and manage software across entire codebasesIDE and CLI tooling with semantic analysis, remote agents, and contextual prompt assistance

Customers

AdobeMongoDBPure StorageDXC TechnologyDDNTekionSnykMoneyGramCrypto.comWebflowPigmentIntercomGarner HealthLendingTreeKongQuorumNewfrontAMPPocketlawPaystoneObserve, Inc.LMNT

Tech Stack

Custom AI models tuned for codeDeep contextual code comprehensionSemantic code analysisIDE and CLI integrationsRemote coding agentsPersonalized prompt suggestions

Competitors

Cursor
GitHub Copilot
Amazon Q Developer
JetBrains AI Assistant
Tabnine
Replit Agent
Aider

Key Investors

Sutter Hill Ventures; Index Ventures; Innovation Endeavors; Lightspeed Venture Partners; Meritech Capital