Augment Code is an AI coding platform built for enterprises, powered by a highly secure, production-grade Context Engine developed over 2.5 years in stealth before its public launch. It semantically indexes an entire codebase, documentation, dependencies, and internal knowledge in real time, helping developers ship code faster, onboard in days instead of months, and modernize legacy systems with confidence.
Augment Code is developed by Augment Inc., headquartered in Palo Alto, California. The company is backed by major investors including Sutter Hill Ventures, Index Ventures, Innovation Endeavors, Lightspeed Venture Partners, and Meritech Capital, having raised a total of $252 million across two funding rounds.
Augment Code was co-founded by Igor Ostrovsky, former chief architect at Pure Storage and a former software engineer at Microsoft, and Guy Gur-Ari, an AI researcher formerly at Google. The company is led by industry veterans Scott Dietzen (CEO), previously CEO of Pure Storage, and Dion Almaer (VP of Product), an alumnus of Google, Shopify, Mozilla and Palm.
Augment Inc. was founded in 2022 and operated in stealth mode for roughly 2.5 years before emerging publicly. The company came out of stealth in April 2024 alongside a $227 million Series B funding round, and officially launched publicly in November 2024.
Augment Code is best suited for enterprises managing complex, multi-repository codebases that need deep contextual understanding rather than generic code completion. It's especially valuable for teams modernizing legacy systems, onboarding new engineers quickly, and adopting agentic workflows that go beyond the inner development loop into full software lifecycle automation.
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