Raised $252M across disclosed rounds.[1][7][9][10]

Venture (Round not Specified) closed November 2024, led by Evolution Equity Partners.[8][10]

Round size and post-money valuation are not publicly disclosed.

Named investors include Sutter Hill Ventures, Index Ventures, Innovation Endeavors, Lightspeed Venture Partners, Meritech Capital, Evolution Equity Partners.[1][7][9][8][10]

Guy Gur-Ari, Co-Founder[2][8]

Igor Ostrovsky, Co-Founder[2][8]

Matt McClernan, CEO (Jul 2025–present; previously CRO Nov 2024–Jul 2025). Prior: SVP & GM Enterprise at Workato, Area VP at MongoDB.[3][4][6][8]

Nick Wagner, Head of Enterprise Sales (Sep 2025–present). Prior: Regional VP at Zscaler.[3][4][6][8]

Chris Kelly, Head of Product (Jun 2025–present; previously Developer Experience May 2024–Oct 2025). Prior: CTO at FireHydrant, Director of Open Source at GitHub.[3][4][6][8]

Robbie Sims, Head of Product Design[3][4][6][8]

Matthew G. Monteleone, Head of Customer Success & Support[3][4][6][8]

Chris Marty, Head of People & Talent[3][4][6][8]

Joe Dorsey, Regional VP, Enterprise Sales[3][4][6][8]

Julie Beynon, Head of Analytics[3][4][6][8]

GitHub Copilot · github.com/features/copilot · Same enterprise engineering team buyer, same IDE workflow (VS Code, JetBrains), same AI code completion and review budget line; named alongside Augment Code in Gartner and G2 alternatives lists for AI coding assistants.[17][19]

Cursor · cursor.com · Same developer buyer and IDE-layer workflow; Augment's own LinkedIn data notes 4 alumni went to Cursor, and Augment benchmarks its Code Review product above Cursor on Code Review Bench, indicating direct product-level substitution.[20][18]

Codeium / Windsurf · codeium.com · Same enterprise AI coding platform category with a proprietary context/indexing layer; listed as an alternative to Augment Code on CB Insights and Respan market map in the Coding Agents segment.[20][18]

Sourcegraph Cody · sourcegraph.com · Direct architectural overlap: both Augment and Sourcegraph center their enterprise pitch on a proprietary codebase index that feeds LLM context—same buyer (enterprise VP Eng), same workflow (code search + AI generation), same budget displacement.[17][18]

The customer proof is company-sourced only. No independent source in this ledger confirms it.[15]

Ask for one referenceable production customer.

Not a recommendation. The first thing this ledger cannot answer.

Filled in the side panel for invited readers. This card carries sourced facts only.