Augment

Cover Block

Field	Value
Name	Augment Code
Tagline	The Software Agent Company
Headquarters	Palo Alto, California
Founded	2022
Stage	Series B
Technology	AI / Machine Learning (coding agents)
Geography	North America
Founders	Guy Gur-Ari, Igor Ostrovsky, Scott Dietzen
Funding Label	$252M total disclosed
Total Disclosed	~$252,000,000

Links

• Website: https://www.augmentcode.com/
• Crunchbase: https://www.crunchbase.com/organization/augment-68db
• PitchBook: https://pitchbook.com/profiles/company/530746-75
• CB Insights: https://www.cbinsights.com/company/augment-7

The Short Version

Augment Code is a Palo Alto AI software development company building coding agents that operate against large, real-world enterprise codebases. It has raised approximately $252 million through Series B [Crunchbase, 2026][PitchBook]. The company was founded in 2022 by Guy Gur-Ari, Igor Ostrovsky, and Scott Dietzen [Startup Intros][Crunchbase, 2026]. Its core product is a context engine that feeds an autonomous agent operating across IDEs, the command line, and code review surfaces, with GitHub pull-request review and integrations into Jira and Notion among the named workflows [Cerebral Valley, 2026][SiliconANGLE, 2026]. Differentiation rests on depth of codebase understanding rather than on a proprietary foundation model [Augment Code]. Disclosed customers include Pure Storage's roughly 2,000-engineer organization, MoneyGram, AMP Robotics, Newfront Insurance, and Peek Travel [Cerebral Valley, 2026][SiliconANGLE, 2026]. Lead investors named in public filings include Sutter Hill Ventures and Meritech Capital Partners [Crunchbase, 2026].

Data Accuracy: GREEN -- Confirmed by Crunchbase, PitchBook, and primary company sources.

Taxonomy Snapshot

Axis	Value
Stage	Series B
Industry / Vertical	Developer tools / AI coding agents
Technology Type	AI / Machine Learning, LLM agents, retrieval / context engine
Geography	North America (HQ Palo Alto, CA)
Founding Team	Repeat operators with ML research and enterprise infrastructure backgrounds
Funding	~$252M disclosed across multiple rounds through Series B

The Company in Brief

Augment Code was incorporated in 2022 in Palo Alto and operates under the tagline "The Software Agent Company" [Augment Code][Crunchbase, 2026]. The founding group brought together Guy Gur-Ari, Igor Ostrovsky, and Scott Dietzen [Startup Intros][Crunchbase, 2026]. The thesis is that general-purpose chat-style coding assistants degrade in usefulness as the underlying repository grows, and that the practical bottleneck is context retrieval over millions of lines of proprietary code [Cerebral Valley, 2026].

The company emerged from stealth with an April 2024 funding event [Startup Intros][Crunchbase, 2026]. By 2025 the product had expanded from inline completions into agentic workflows spanning the IDE, CLI, and code review. Augment markets an enterprise tier that removes per-seat limits on its Code Review product [SiliconANGLE, 2026]. Cumulative disclosed capital is approximately $252 million [Crunchbase, 2026][PitchBook].

Data Accuracy: GREEN -- Confirmed by Crunchbase, PitchBook, and Cerebral Valley.

What They Have Built

Augment Code positions itself as an AI software development platform whose central asset is a context engine that indexes and reasons over a customer's full codebase, dependencies, and internal conventions [Augment Code]. The company ships an agent surface that operates inside the IDE, from the command line, and as a reviewer on GitHub pull requests, with integrations into project tooling such as Jira and Notion [Cerebral Valley, 2026][SiliconANGLE, 2026]. The Code Review product scans pull requests, surfaces analytics, and under the enterprise plan is offered without per-seat caps [SiliconANGLE, 2026].

The differentiation argument is not about owning a foundation model but about the quality of grounding before generating a change [Augment Code][Cerebral Valley, 2026]. That framing is consistent with the customer profile Augment cites, including Pure Storage's roughly 2,000-engineer team, MoneyGram, AMP Robotics, Newfront Insurance, and Peek Travel [Cerebral Valley, 2026][SiliconANGLE, 2026].

Data Accuracy: YELLOW -- Product surfaces confirmed by company site and SiliconANGLE; underlying architecture is company-described only.

Market Research and Opportunity

AI-assisted software development has moved from autocomplete novelty to a budgeted line item inside enterprise engineering organizations. Augment is targeting the segment of that spend tied to large existing codebases. Demand drivers surfaced in the cited research are concrete. SiliconANGLE's June 2025 coverage frames coding agents as the most commercially mature application of agentic AI inside enterprises [SiliconANGLE, 2026]. Cerebral Valley's profile emphasizes that the addressable wedge is engineering organizations maintaining millions of lines of legacy code where context retrieval is the binding constraint [Cerebral Valley, 2026].

Reference Point	Cited Value
Augment Code total disclosed funding	~$252M
Pure Storage engineering org size	~2,000 engineers

Data Accuracy: YELLOW -- Demand drivers confirmed by SiliconANGLE and Cerebral Valley; no third-party TAM figure captured.

Who Else Is Fighting for This

Augment Code is positioned as the enterprise-codebase specialist within a coding-agent category whose volume leaders sit in the IDE-native and editor-native segments.

Company	Positioning	Stage / Funding
Augment Code	Agent for large real-world codebases	Series B, ~$252M
GitHub Copilot	IDE-resident assistant bundled with GitHub	Microsoft-owned
Cursor	AI-native code editor	Growth-stage independent
Windsurf	AI-native code editor and agent	Growth-stage independent
TabbyML	Open-source self-hosted coding assistant	Open-source / commercial
Zencoder	Enterprise coding agent	Early-stage

Data Accuracy: GREEN -- Competitor set confirmed by SiliconANGLE and CB Insights.

Opportunity

If Augment executes on the enterprise-codebase wedge, the prize is becoming the default agent layer for the world's largest engineering organizations. The company already has a 2,000-engineer reference customer in Pure Storage, additional named enterprise logos, and a funding base of roughly $252 million [Cerebral Valley, 2026][SiliconANGLE, 2026][Crunchbase, 2026].

Scenario	Catalyst
Enterprise standardization	A publicly referenced standardization deal at a Fortune 100 financial services or industrial buyer
Code review category capture	Deeper integration with GitHub Enterprise plus published quality benchmarks
Acquisition by a strategic	Consolidation pressure as foundation-model providers compete for application-layer distribution

Data Accuracy: YELLOW -- Customer references and category framing confirmed by Cerebral Valley and SiliconANGLE; outcome scenarios are analyst-constructed from public comparables.

Sources

1. [Augment Code] Augment Code - The Software Agent Company | https://www.augmentcode.com/
2. [Startup Intros] Augment: Funding, Team & Investors | https://startupintros.com/orgs/augment
3. [Crunchbase, 2026] Augment Code - Crunchbase Company Profile & Funding | https://www.crunchbase.com/organization/augment-68db
4. [PitchBook] Augment Code 2026 Company Profile: Valuation, Funding & Investors | https://pitchbook.com/profiles/company/530746-75
5. [CB Insights] Augment Code - Products, Competitors, Financials, Employees, Headquarters Locations | https://www.cbinsights.com/company/augment-7
6. [Cerebral Valley, 2026] Augment Code is Your AI Coding Agent for Real-World Codebases | https://cerebralvalley.beehiiv.com/p/augment-code-is-your-ai-coding-agent-for-real-world-codebases
7. [SiliconANGLE, 2026] Coding agents: Augment Code and AI-assisted DevOps | https://siliconangle.com/2025/06/23/ai-developer-coding-agents-software-engineering-roboticsaiinfrastructure/
8. [Tracxn] Augment - 2026 Company Profile, Team, Funding & Competitors | https://tracxn.com/d/companies/augment/__zpGdmVDTCW_fQSm2fU1yEc-_YF5RFXVzB6569LIElHo