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Augment Code
AddedMay 10, 2026
UpdatedMay 31, 2026
Augment Code

Augment Code

Series B

The Software Agent Company. Build software with AI agents that understand your entire codebase.

HQ
Palo Alto, CA, US
Founded
2022
Overview
Analysis
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Augment Code is an AI-powered coding platform founded in 2022 by Igor Ostrovsky, Guy Gur-Ari, and Scott Dietzen. The company builds software agents that understand entire codebases, enabling developers to work more efficiently across IDEs, CLI, and code review workflows. Its core differentiator is the Context Engine, which maintains a live understanding of an entire codebase to provide contextually relevant suggestions and autonomous coding assistance.

The company emerged from stealth in April 2024 with $252 million in total funding across Series A and B rounds, achieving a post-money valuation of approximately $977 million. Backed by Sutter Hill Ventures, Index Ventures, Lightspeed Venture Partners, Innovation Endeavors, Meritech Capital, and Evolution Equity Partners, Augment Code competes in the AI-assisted development space alongside GitHub Copilot, Cursor, and other coding agents. Its product suite includes IDE agents for VS Code and JetBrains, a CLI tool, code review integration, the Context Engine MCP, and the recently announced Cosmos platform for coordinating agentic software development.

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Augment Code - Quick Facts

Who are Augment Code's competitors?

Companies similar to Augment Code include Anthropic, Cursor, EasyCode and CodeComplete.

When was Augment Code founded?

Augment Code was founded in 2022.

Where is Augment Code's headquarters located?

Augment Code's headquarters is located in Palo Alto, CA, US.

When was Augment Code's last funding round?

Augment Code's most recent funding round was for $227M (USD) in April 2024.

How much has Augment Code raised to-date?

As of Apr 1, 2024, Augment Code has raised a total of $252M (USD).

How many employees does Augment Code have?

Augment Code has 180 employees as of Jan 1, 2025.

Augment Code - Classification

Industry
  • Artificial Intelligence
  • Developer Tools
  • Software Companies
Technology
  • Enterprise Software
  • Generative AI