Augment
Augment Raises $227M in Series B
Quick Facts
Augment Raises $227M in Series B
Augment has successfully raised $227M in a Series B at a $977M valuation led by Index Ventures, Sutter Hill Ventures.
Company Overview
Augment is a AI/ML company headquartered in Palo Alto, CA, founded in 2022 with 100+ employees.
AI coding assistance startup for software developers
Fundraising Details
- Amount Raised: $227M
- Round Type: Series B
- Valuation: $977M
- Date: 2024-04-18
- Investors: Index Ventures, Sutter Hill Ventures
About Augment
AI coding assistance startup for software developers The company is positioned in the AI/ML sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: Palo Alto, CA
- Founded: 2022
- Team Size: 100+
- Industry: AI/ML
What This Means
This funding round demonstrates strong investor confidence in Augment's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The AI/ML sector continues to attract significant investment as companies innovate to meet evolving market demands. Augment's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $977M valuation marks an important milestone for Augment, positioning the company among notable players in the AI/ML industry.
Looking Ahead
With this new capital, Augment is well-positioned to execute on its growth strategy and continue building innovative solutions in the AI/ML space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
This fundraising news was reported on 2024-04-18. For more information about Augment, visit their headquarters at Palo Alto, CA.
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