📍 Palo Alto, CA·Est. 2022
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Private Company

Augment Code

Enterprise AI coding assistant ($1B valuation) with SOC 2 Type II compliance and on-premise deployment options. Backed by Eric Schmidt. Focused on large enterprise development teams with security requirements.

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📋About Augment Code

Updated June 15, 2026

Augment Code is an AI coding assistant company founded by former Microsoft and Google engineering leaders, with over $250 million in funding. The company builds enterprise-grade AI developer tools designed specifically for large, complex codebases.

Augment's AI coding assistant differentiates from competitors like GitHub Copilot and Cursor by focusing on deep codebase understanding. The system indexes entire repositories — including dependencies, internal libraries, and coding patterns — to provide contextually aware suggestions that align with existing architecture and conventions. This makes it particularly valuable for enterprise teams working on large monorepos with complex internal frameworks.

The company targets enterprise customers who need AI coding tools that can be deployed securely within their infrastructure, with support for custom model fine-tuning on proprietary code. Augment's approach addresses a key gap in the market: while most AI coding tools work well for greenfield development, they often struggle with the nuances of large existing codebases that enterprise teams actually work in.

🛠️Products & Tools (1)

Augment CodeEnterpriseAI Coding

Enterprise AI coding assistant with SOC 2 Type II compliance and on-premise deployment. Backed by Eric Schmidt. Designed for large development teams with strict security requirements.