Augment Computing, Inc.
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Augment Computing, Inc. - overview
Established
2022
Location
Palo Alto, CA, US
Primary Industry
Software
About
Augment Computing, Inc. is a US-based company specializing in AI-driven coding solutions that enhance software development through innovative tools designed for improved efficiency and code quality. Founded in 2022, Augment Computing, Inc. operates from Palo Alto, US, providing advanced AI coding platforms.
The company has undergone strategic development aimed at refining its offerings. Founders Freddie Nelson and Igor Ostrovsky bring extensive experience in technology and innovation. In April 2024, Augment Computing, Inc. raised USD 226.
99 mn in a SERIES B funding round from investors including Index Ventures, Innovation Endeavors, Lightspeed Venture Partners, and more. The company has successfully completed two deals to date, with a current valuation of USD 1,147. 42 mn. Augment Computing offers an innovative AI-driven coding platform through its core product, the Context Engine.
This platform empowers AI agents to build and review software while understanding the user's entire codebase, including dependencies, architecture, and historical context. Key use cases involve enhancing code correctness, completeness, reuse, and adherence to best practices, catering to diverse engineering teams across global technology-driven industries. Augment Computing generates revenue through a subscription-based model, providing its suite of AI-assisted coding tools to software engineering teams. The pricing structure is tiered to accommodate varied engagement levels, allowing clients to select packages suited to their needs.
Clients can secure licenses for their teams directly or enter partnerships for broader integration within their development ecosystems, supporting their software development workflows. With the recent SERIES B funding of USD 226. 99 mn completed in April 2024, Augment Computing plans to accelerate product development and expand its engineering and go-to-market functions to support rapid growth. The company is targeting new markets for expansion and developing upcoming products to enhance its offerings.
Specific details on these new products and targeted geographic regions are anticipated as the company continues to leverage its recent funding for strategic growth.
Current Investors
Sutter Hill Ventures, Index Ventures, Lightspeed Venture Partners
Primary Industry
Software
Sub Industries
Web Development, Application Integration Software
Website
www.augmentcode.com
Verticals
Artificial Intelligence, Cloud Computing
Company Stage
Series B
Total Amount Raised
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Augment Computing, Inc. - employee data
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