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Augment Code

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Updated Mar 24, 2026

Everything you need to know about Augment Code — from their $252M in funding to who's backing them.

🇺🇸United StatesSeries BAI Dev Tools

Out of 100

🇺🇸

HQ

United States

🗓

Founded

2022

💰

Raised

$252M

🏷️

Stage

Series B

👥

Team

75

Augment Code is an AI development tools company founded in 2022 that provides software engineering solutions powered by artificial intelligence. The company operates within the broader AI developer tools ecosystem, offering products designed to enhance developer productivity and code quality. Augment Code has secured $252 million in total funding and maintains a valuation of $1.0 billion,

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Key Facts

  • Augment Code is valued at $977M as of March 2026.
  • Augment Code has raised a total of $252M in disclosed funding across 2 funding rounds.
  • Augment Code was founded in 2022 by Igor Ostrovsky and is headquartered in United States.
  • Augment Code employs approximately 75 people.
  • Augment Code operates in the AI Dev Tools category and is currently at the Series B stage.
  • Augment Code has an Awaira Score of 66/100, ranking it among the tracked AI companies on Awaira.
  • Augment Code's most recent funding round was a Series B of $227M closed in October 2024, led by Sutter Hill Ventures.

Source: Awaira · Updated Mar 24, 2026

$977M

Post-money

$252M

All rounds

66/100

2022

75 employees

Strengths

Strong Awaira Score of 66/100

Based in the US, the world's largest AI market

Analysis based on publicly available data. Not investment advice.

2

Total Rounds

$126M

Avg Round Size

0.5yr

Funding Span

Augment Code raised 2 rounds over 0.5 years, averaging $126M per round — a pace of roughly one round every 3 months.

⚠️ ESTIMATE
💵Est. Annual Revenue
$20M–$100M estimated ARR

Awaira estimate based on public data. Not financial advice.

How does Augment Code stack up against competitors?

MetricAugment CodeVercelPostman AICursor
Awaira Score66/10091/10090/10087/100
Total Raised$252M$863M$433M$3.4B
Valuation$977M$9.3B$5.6B$29.3B
StageSeries BSeries FSeries DSeries D
Founded2022201520142022
Employees757501000+50
Country🇺🇸🇺🇸🇺🇸🇺🇸
I

Igor Ostrovsky

Founder & CEO

View founder profile →
StageSeries B
Employees75
Country🇺🇸 United States
Connect
Sutter Hill VenturesIndex VenturesLightspeed
Quiet
2 rounds
Series BLatest

Led by Sutter Hill Ventures

$227M

Oct 2024

Series A

Led by Index Ventures

$25M

Apr 2024

Frequently Asked Questions

What is Augment Code's valuation?
Based on the most recent funding round, the valuation sits at $977M.
Who invested in Augment Code?
Known backers include Sutter Hill Ventures, Index Ventures, Lightspeed. These investors have supported the company through various funding rounds.
When did Augment Code last raise funding?
Capital was most recently raised through a Series B of $227M in October 2024. The round was led by Sutter Hill Ventures.
How many employees does Augment Code have?
The headcount sits at approximately 75 employees, based in United States.
What does Augment Code do?
Augment Code is an AI development tools company founded in 2022 that provides software engineering solutions powered by artificial intelligence. The company operates within the broader AI developer tools ecosystem, offering products designed to enhance developer productivity and code quality.
Who founded Augment Code?
Behind the company is Igor Ostrovsky, who got it off the ground in 2022 in United States. Igor Ostrovsky serves as Founder & CEO.
Is Augment Code profitable?
Profitability details aren't publicly disclosed. The company has raised $252M in total funding and is currently at the Series B stage.
Where is Augment Code headquartered?
Headquarters are in United States 🇺🇸. The company operates in the AI Dev Tools sector and was established in 2022.
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