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Augment secures $227M Series B at $977M valuation

Augment secures $227M Series B at $977M valuation
Augment secures $227M Series B at $977M valuation

Augment, a Palo Alto-based AI coding assistance startup, raised $227M in Series B funding.

The round was led by Sutter Hill Ventures, with participation from Index Ventures, Innovation Endeavors, Lightspeed Venture Partners, and Meritech Capital.

The funds will enable Augment to accelerate product development, and expand its engineering and go-to-market teams.

Founded by Igor Ostrovsky and Guy Gur-Ari in 2022, Augment emerged from stealth in 2024, offering AI-driven coding assistance optimized for large codebases and team collaborations.

Augment’s platform ensures running code, includes IP protections, and is SOC-2 Type 1 compliant and pen-test validated.

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