Augment, an Eric Schmidt-backed AI startup focused on enhancing software engineering, has emerged from stealth with significant funding, securing $252 million in a Series A round co-led by Innovation Endeavors. This investment positions Augment as a strong contender in the AI coding assistant market, rivaling platforms like GitHub Copilot. The funding, amounting to $227 million, is part of a broader trend of substantial investments in AI startups, with over $415 million raised by 11 startups in a single day, including $66 million for a conversational AI platform and $30 million for AI compute infrastructure. Partner Shardul Shah from Index Ventures praised Augment's potential to redefine software engineering at scale. Augment's launch and funding were highlighted in TechCrunch, reflecting a growing interest in AI applications in software development.
The continued interest in all things AI was reflected in the week’s largest U.S. startup funding deals, with investors once again dishing out 9-figure rounds. Some of the largest went to startups using AI in coding or biotech. https://t.co/UmZsxOxD2z
OpenAI Startup Fund quietly raises $15M: https://t.co/dfSw9Qv2nr by TechCrunch #infosec #cybersecurity #technology #news
Augment: Disrupting the AI Coding Landscape with $252M in Funding #AI #AIadoptionincoding #Amazon #artificialintelligence #Augment #codequality #EricSchmidt #GitHubCopilotcompetitor #IgorOstrovsky #llm #machinelearning #Microsoft #nearunicornvaluation https://t.co/8NWo2dIpyh https://t.co/ujdPH5TlfJ
Congratulations to the Augment team on its $252M financing! As Partner @shardul_shah noted, we’re "strong believers in Augment’s potential to redefine how software engineering is performed at scale.” Read more on the investment in @TechCrunch: https://t.co/JSIyruKDmr
AI Funding: $415M+ raised by 11 startups yesterday $252M for an AI coding assistant $66M Series B for a conversational AI platform $30M for AI compute infrastructure $22M for an AI sales caller & 7 more. Here's the full recap: https://t.co/Q103XObkWI
We’re thrilled to share that Innovation Endeavors is co-leading a $227 million Series A investment in Augment. By making software creation more intuitive, accessible, and human, Augment is paving the way for AI-powered engineering. More on TechCrunch: https://t.co/VHllRlwRuZ
Eric Schmidt-backed Augment, a GitHub Copilot rival, launches out of stealth with $252M: https://t.co/mhgZ9XJQHD by TechCrunch #infosec #cybersecurity #technology #news