Augment Code Secures $227 Million Series B Funding
Deal News | Oct 31, 2024 | Glynn Capital Management LLC
Augment Code, a company specializing in productivity and development streamlining solutions, has successfully raised $227 million in Series B funding. The investment round, backed by Glynn Capital Management LLC, is set to enhance Augment Code's capabilities in optimizing research and development efficiencies. Headquartered in Palo Alto, California, the company is poised to leverage this capital injection to further solidify its position within the AI-driven innovation sector. Glynn Capital is optimistic about the expertise of Augment Code's technical team and the potential for growth in the segment offering AI solutions for product innovation workflows.
Sectors
- Artificial Intelligence
- Venture Capital
- Research and Development
Geography
- United States – Augment Code is based in Palo Alto, California, making the United States the significant geography for this venture capital investment.
Industry
- Artificial Intelligence – Augment Code operates in the AI sector, focusing on tools that increase productivity in product innovation workflows.
- Venture Capital – Glynn Capital Management's investment in Augment Code falls under venture capital activities, aimed at financing growth-stage companies.
- Research and Development – The solutions provided by Augment Code are designed to maximize efficiency and effectiveness of R&D spend.
Financials
- $227 million – The amount raised by Augment Code in their Series B funding round.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Augment Code | Target Company | Company | A company providing productivity and development streamlining solutions, based in Palo Alto, California. |
| Glynn Capital Management LLC | Investor | Company | A private equity firm that invested $227 million in Augment Code as part of a Series B funding round. |