Augment Raises $227M in Series B Funding at $977M Valuation
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In a recent StackOverflow poll, 44% of software engineers said that they use AI tools as part of their development processes now and 26% plan to soon. Gartner estimates that over half of organizations are currently piloting or have already deployed AI-driven coding assistants, and that 75% of developers will use coding assistants in some form by 2028. Ex-Microsoft software developer Igor Ostrovsky believes that soon, there won't be a developer who doesn't use AI in their workflows.
Augment, a startup developing an AI-powered platform similar to GitHub's Copilot, has launched out of stealth valued at nearly $1 billion.