Augment raises $227M 

Palo Alto, Calif.-based Augment, an AI coding assistance startup, has emerged from stealth with the announcement of a $227 million Series B funding round.

The round in Augment was led by Sutter Hill Ventures, with participation from Index Ventures, Innovation Endeavors, Lightspeed Venture Partners, and Meritech Capital.

The new funds will be used to accelerate product development and expand the company’s product, engineering, and go-to-market functions, Augment said in a statement.

Founded by Igor Ostrovsky, former chief architect at Pure Storage and software engineer at Microsoft, and Guy Gur-Ari, an AI researcher from Google, Augment is led by Scott Dietzen and Dion Almaer.

Augment has raised a total of $252 million to date.

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