Augment Inc.

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Augment Inc. is an American startup company that specializes in developing AI-driven coding assistance tools.

  • Context:
    • It can (typically) offer AI tools that optimize large codebases, providing features such as real-time code suggestions, team collaboration enhancements, and robust IP protection.
    • It can (often) support software development teams by automating repetitive tasks, improving code quality, and maintaining high productivity through AI-driven solutions.
    • ...
    • It can offer tools for individual developers
    • It can provide enterprise-level solutions that cater to large organizations with complex codebases.
    • It can develop AI models tuned to avoid common issues like hallucinations, thereby improving code accuracy and reliability in a real-world setting.
    • ...
  • Example(s):
  • Counter-Example(s):
    • Microsoft, which makes GitHub Copilot, a widely used AI coding assistant that, while powerful, often lacks the deep codebase integration and team collaboration features that Augment Inc. provides, such as advanced IP protection and real-time code awareness tailored to large enterprise environments.
    • Amazon Web Services (AWS), which offers CodeWhisperer, an AI code generator that assists with code suggestions and completions but may not offer the same level of contextual understanding and customization for large-scale codebases as Augment Inc.'s solutions.
    • Tabnine, provides AI code completions that are geared towards individual developers, offering predictive coding features but lacking the comprehensive, team-focused capabilities and enterprise-level support that Augment Inc.'s platform delivers.
    • Replit, which makes Replit, a cloud-based development environment with AI features that aids in coding, but it primarily focuses on educational and small-scale development projects, without the robust codebase management and large-team collaboration features found in Augment Inc.'s offerings.
  • See: GitHub Copilot, AI Coding Tools, Software Development Companies.

References

2024

  • Perplexity
    • Augment Inc. is an American startup company that specializes in developing AI-driven coding assistance tools. Here's a brief history of the company:
    • Founding and Early Days: Augment Inc. was founded in 2022 by Igor Ostrovsky and Guy Gur-Ari[1]. Ostrovsky, a former chief architect at Pure Storage and software engineer at Microsoft, teamed up with Gur-Ari, an AI researcher who previously worked at Google, to create the company's minimum viable product (MVP)[4].
    • Leadership Team: To strengthen their executive team, Ostrovsky and Gur-Ari brought on board:

- Scott Dietzen as CEO (former CEO of Pure Storage) - Dion Almaer as VP of Product (former Google engineering director and VP of engineering at Shopify)[4]

    • Funding and Valuation: In April 2024, Augment Inc. emerged from stealth mode with significant funding:
      • Raised a total of $252 million[1]
      • $227 million Series B round[1]
      • Achieved a post-money valuation of $977 million, nearly reaching unicorn status[1][3]
    • Investors: The company attracted investments from high-profile individuals and venture capital firms, including:

- Sutter Hill Ventures - Index Ventures - Innovation Endeavors - Lightspeed Venture Partners - Meritech Capital[1][2]

    • Technology and Mission: Augment Inc. aims to revolutionize software development through AI-powered coding assistance. While specific details about their technology remain undisclosed, the company claims their AI platform:

- Has expert understanding of codebases - Operates at high speeds - Supports entire teams rather than just individuals - Protects intellectual property[3]

    • Market Position: Augment Inc. enters a competitive field of AI-driven coding tools, positioning itself as a rival to established players like GitHub's Copilot and emerging startups in the space[2]. The company plans to monetize through standard software-as-a-service subscriptions, with pricing details expected later in 2024[4]. As of April 2024, Augment Inc. reported having "hundreds" of software developers across "dozens" of companies using their platform in early access[6]. The company's emergence from stealth with substantial funding signals its ambition to make a significant impact in the rapidly evolving landscape of AI-assisted software development.

Citations: [1] https://www.augmentcode.com/blog/augment-inc-raises-227-million [2] https://siliconangle.com/2024/04/24/secretive-ai-coding-assistant-startup-augment-raises-227m-rival-githubs-copilot/ [3] https://www.maginative.com/article/augment-emerges-from-stealth-with-252m-to-supercharge-software-development-with-ai/ [4] https://workhub.ai/augment-ai-powered-coding-platform/ [5] https://datasciencelearningcenter.substack.com/p/what-is-augment [6] https://techcrunch.com/2024/04/24/eric-schmidt-backed-augment-a-github-copilot-rival-launches-out-of-stealth-with-252m/ [7] https://blog.almaer.com/introducing-augment-a-company-dedicated-to-empowering-developers-with-ai/ [8] https://www.augment.co

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