Augment emerges from stealth with $252M in funding led by Eric Schmidt to revolutionize generative AI coding technologies

Apr 24, 2024•over 1 year ago

Amount Raised

$252 Million

MiamiFinancial Services

Investors

Meritech CapitalInnovation EndeavorsLightspeed Venture PartnersSutter Hill VenturesIndex VenturesEric Schmidt

Description

Augment, an AI-powered coding platform, has raised $252 million in funding to accelerate product development and build out its product, engineering, and go-to-market functions. The investment comes from former Google CEO Eric Schmidt and VCs like Index Ventures, Sutter Hill Ventures, Lightspeed Venture Partners, Innovation Endeavors, and Meritech Capital.

Company Information

Company

Augment

Location

Miami, Florida, United States

About

Augment is a risk capital and reinsurance solutions broker, focused on designing and placing bespoke protections for a variety of clients. With a wide range of solutions, Augment creates growth and equity value through tailored transactions to deliver long term capital and partnerships. Augment’s expertise extends beyond (re)insurance, allowing the company to disrupt the value chain and build creative, value-accretive solutions for individual client needs. For more information, please visit www.augmentrisk.com.

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Funding Insights

Based on industry data

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Tech investment trends

83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech