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Market
Market share of Augment in AI coding assistants by end of 2024
5
Resolution / Starting Odds
10%-20% • 25%
21%-30% • 25%
31%-40% • 25%
41% or more • 25%
Market research reports, tech industry analysis
Story
Eric Schmidt-Backed Augment Launches, Raises $252M to Rival GitHub Copilot
Apr 29, 2024, 04:00 PM
Augment, a new AI coding assistant startup backed by Eric Schmidt, has officially launched, announcing a substantial $252 million funding round at a $977 million valuation. This follows a $25 million Series A led by Sutter Hill. Positioned as a rival to GitHub's Copilot, Augment aims to empower software developers with advanced AI tools. The company's emergence from stealth was highlighted by multiple sources, including a significant investment announcement and endorsements from the tech community.
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Market leader • 33%
Remains behind competitors • 33%
On par with competitors • 34%
