Augment, a Palo Alto, CA-based AI coding assistance startup, received an investment from Evolution Equity Partners.
The amount of the deal was not disclosed.
The company intends to use the funds to accelerate product development and build out its product, engineering and go-to-market functions as the company gears up for rapid growth.
Founded in 2022 by Igor Ostrovsky, former chief architect at Pure Storage and software engineer at Microsoft, and Guy Gur-Ari, and led by CEO Scott Dietzen, Augment emerged from stealth in 2024 to bring AI coding assistance innovations to developers and software teams. It previously announced its $227M Series B round with investments from Sutter Hill Ventures, Index Ventures, Innovation Endeavors, Lightspeed Venture Partners and Meritech Capital.
FinSMEs
04/11/2024