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.
