Augment Raises $227M in Series B Funding to Accelerate Product Development and Expand Market Reach
Augment Raises $227M in Series B Funding at $977M Valuation
Augment's Series B Funding
Key Highlights:
- Series B Funding: Raised $227 million in Series B funding at a valuation of $977 million.
- Investors: Backed by Sutter Hill Ventures, Index Ventures, Innovation Endeavors, Lightspeed Venture Partners, and Meritech Capital.
- Product Development: Funds will be used to accelerate product development and expand product, engineering, and go-to-market functions.
Augment's Target Market
- Target Market: Developers and software teams seeking AI coding assistance and innovations.
- Large Codebases: Ideal for organizations with extensive codebases that require efficient and accurate coding assistance.
- Collaborative Development: Designed to support multiple developers and teams working on complex projects.
What Augment Needs to Buy
- Talent Acquisition: Hiring top-tier talent in product development, engineering, and go-to-market functions.
- Partnerships and Integrations: Collaborating with technology companies and platforms to enhance their AI coding assistance capabilities.
- Marketing and Branding Services: Engaging with marketing agencies to increase brand awareness and reach developers and software teams.