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 8mo agoJobs checked 4d ago
Specialization
Not classified
Business
Software Applications
Market
Software Development
Ecosystem
Agents
Customers
Developersand 1 more customers values
  • Enterprises
More details
Organization type
Commercial Company
Ecosystem
Agents
Business
Software Applications
Specialization
Not classified
Market
Software Development
Customers
Developers, Enterprises
Delivery models
Not classified
Revenue models
Subscription, Usage Based
Listing status
Not classified
Latest equity round
Series B
Reported funding amount
$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

2026-08-28product_launch
Augment Code introduces Cosmos Advisor, a native FDE agent

On August 28, Augment Code announced Cosmos Advisor, a native forward-deployed-engineer capability embedded in its Cosmos platform. Advisor can answer product and configuration questions, inspect deployments, create or modify experts, configure environments and triggers, analyze results, and turn tailored automations into running workflows without a separate implementation handoff.

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_launch
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.

2025-10-06other
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/80d 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