Augment Code

Challenger

AI coding assistant for enterprise teams. Eric Schmidt-backed. Raised $252M. Code Review agent #1 on benchmarks. Intent desktop launched Feb 2026. Founded 2022, Palo Alto.

Updated April 2026

Company Overview

About Augment Code

Augment Code is an AI coding assistant founded in 2022 by Guy Gur-Ari, Igor Ostrovsky, and Mike Speiser, headquartered in Palo Alto. Emerged from stealth April 2024 with $252M funding. Backed by Eric Schmidt's Innovation Endeavors, Sutter Hill Ventures, Index Ventures, Lightspeed, and Meritech Capital.

Business Model & Competitive Advantage

Provides AI code suggestions, code review, task management, onboarding, and multi-agent orchestration for enterprise-scale codebases. December 2025: Code Review agent achieved highest accuracy on public benchmarks, outscoring competitors by 10 points. MCP support and integrations with CircleCI, MongoDB, Redis, Sentry, Stripe.

Competitive Landscape 2025–2026

February 2026: launched Intent, a desktop workspace for multi-agent orchestration centered on living spec documents (macOS public beta, Windows waitlist). ~188 employees. Competes with GitHub Copilot and Cursor.

Revenue
$252M
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Key Differentiators

Strong Challenger

Augment Code is an established challenger with significant market presence and competitive offerings in Developer Tools & Platforms.

Growth Stage

Augment Code has achieved $252M in revenue, demonstrating strong product-market fit.

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