# Amp revenue, valuation & funding Markdown copy of https://realalpha.app/companies/amp/ on Real Alpha, the best minutes from long interviews with the people building AI. Cite and link the page, not this copy. Amp, a coding agent company that spun out of Sourcegraph in December 2025, is private with no ticker or stated IPO plan, and no valuation has been reported. It said in March 2026 that its ad sales had reached a $10M+ yearly run rate before it dropped ads. Checked Nov 8, 2026 ## At a glance - Valuation: not disclosed. No funding round has been reported since its December 2025 spin-out. - Revenue: no total figure published. Amp said ad sales on its free tier reached a $10M+ yearly run rate before it [removed ads](https://ampcode.com/news/amp-free-is-ad-free) in March 2026. - Status: private. No stock ticker and no stated IPO plan. - Founded: 2025 in San Francisco. It [spun out of Sourcegraph](https://ampcode.com/news/amp-inc) on December 2, 2025, as Amp Frontier Corporation. - CEO: Quinn Slack, co-founder, as reported by [Technology Decisions](https://www.technologydecisions.com.au/content/it-management/news/westpac-and-amp-frontier-announce-ai-engineering-partnership-636518726). - Board investors: Craft, Redpoint, Sequoia, Goldcrest and a16z, who [sit on the boards](https://sourcegraph.com/blog/why-sourcegraph-and-amp-are-becoming-independent-companies) of both Amp and Sourcegraph. - Products: the Amp coding agent, Orbs for running agents remotely, the Puck meta-agent, Spaces, and apps for iOS, macOS and Android. ## Is Amp public? Can you buy its stock? No. Amp is a private company, so its shares don't trade on any stock exchange and it has no ticker symbol. It became an independent company on December 2, 2025, when it [spun out of Sourcegraph](https://ampcode.com/news/amp-frontier-corporation). Amp hasn't announced a plan to go public, and no filing has been made. Its shares are held privately, and no stake has been disclosed. Craft, Redpoint, Sequoia, Goldcrest and a16z sit on its board, according to [Sourcegraph](https://sourcegraph.com/blog/why-sourcegraph-and-amp-are-becoming-independent-companies). This page reports facts and gives no investment advice. ## How Amp makes money Amp first charged pay-as-you-go for tokens at API prices. On July 18, 2026 it launched monthly subscriptions in beta, [promising](https://ampcode.com/news/subscriptions) "cheaper and more predictable pricing." Since September 13, 2026, Amp has been [free to use](https://ampcode.com/chronicle) when users bring their own compute and model subscriptions or keys. - **Ads, now dropped.** Amp Free carried ads from October 2025. Amp said ad sales quickly grew to a $10M+ yearly run rate before it removed them, in a post from March 30, 2026. · [Amp](https://ampcode.com/news/amp-free-is-ad-free) - **Amp Labs.** Announced May 21, 2026. Small teams of builders work inside one partner company per industry and region. Amp says it profits only through warrants that pay off if the partner's stock rises considerably. · [Amp's site](https://ampcode.com/news/amp-labs) ## Products - **Amp, the coding agent** (May 15, 2025). It became publicly available that day. · [Amp's Chronicle](https://ampcode.com/chronicle) - **Agents in Orbs** (June 30, 2026). Orbs are cloud machines that run agents remotely. · [Amp's Chronicle](https://ampcode.com/chronicle) - **The Dial** (July 9, 2026). Four agent modes, low, medium, high and ultra, set how hard Amp works. · [Amp's Chronicle](https://ampcode.com/chronicle) - **Puck** (July 20, 2026). A meta-agent that helps users run Amp. A Slack integration launched the same day. · [Amp's Chronicle](https://ampcode.com/chronicle) - **Mobile and desktop apps.** Amp on iOS and macOS came out August 28, 2026, and Amp on Android on October 27, 2026. · [Amp's Chronicle](https://ampcode.com/chronicle) - **Spaces** (November 6, 2026). A higher-level way to work with many agents and teammates. · [Amp's Chronicle](https://ampcode.com/chronicle) ## Customers Amp's largest named partnership runs through Amp Labs, its program that places builders inside partner companies. - **Westpac.** Amp Labs partnered with the bank to change how it builds and delivers technology, with an Amp team building in Sydney. Amp announced it on July 29, 2026, and Westpac announced it around August 7, 2026. · [Amp's site](https://ampcode.com/news/amp-labs) ## Leadership Amp's founding announcement was signed by a group of co-founders. They include Alex Kemper, Beyang Liu, Brady Jeong, Brett Jones, Camden Cheek, Connor O'Brien, Dario Hamidi and Harry Charlesworth, along with Quinn Slack and Thorsten Ball. - **Quinn Slack,** co-founder and CEO. He also co-founded Sourcegraph. · [Technology Decisions](https://www.technologydecisions.com.au/content/it-management/news/westpac-and-amp-frontier-announce-ai-engineering-partnership-636518726) - **Beyang Liu,** co-founder. He also co-founded Sourcegraph and left it to found Amp. · [Amp's site](https://ampcode.com/news/amp-inc) - **Thorsten Ball,** one of the signers of Amp's founding announcement. · [Amp's site](https://ampcode.com/news/amp-inc) ## Who owns Amp? Its founders, staff and investors. As a private company it doesn't publish who holds what, and no stake has been disclosed. - **Craft, Redpoint, Sequoia, Goldcrest and a16z** were Sourcegraph's board investors and continue to serve on the boards of both companies after the split. · [Sourcegraph blog](https://sourcegraph.com/blog/why-sourcegraph-and-amp-are-becoming-independent-companies) - **Sourcegraph** remains a separate company running the code search business. Dan Adler became its CEO at the December 2025 split. · [Sourcegraph blog](https://sourcegraph.com/blog/why-sourcegraph-and-amp-are-becoming-independent-companies) ## Competitors An October 2026 comparison by [Unblocked](https://getunblocked.com/blog/sourcegraph-alternatives/) says Amp competes with Claude Code and Cursor. - **[Anthropic](https://realalpha.app/companies/anthropic/),** with Claude Code. · [Unblocked](https://getunblocked.com/blog/sourcegraph-alternatives/) - **[Cursor](https://realalpha.app/companies/#cursor),** with its coding editor and agent. · [Unblocked](https://getunblocked.com/blog/sourcegraph-alternatives/) ## Timeline and latest news - Nov 6, 2026 · Amp announced Spaces, for working with many agents and teammates. · [Amp's Chronicle](https://ampcode.com/chronicle) - Sep 13, 2026 · Amp became free to use with your own compute and model keys. · [Amp's Chronicle](https://ampcode.com/chronicle) - Aug 28, 2026 · Amp released its apps for iOS and macOS. · [Amp's Chronicle](https://ampcode.com/chronicle) - Jul 29, 2026 · Amp Labs announced a partnership with Westpac and a team in Sydney. · [Amp's site](https://ampcode.com/news/amp-labs) - Jul 20, 2026 · Amp launched Puck, a meta-agent, and a Slack integration. · [Amp's Chronicle](https://ampcode.com/chronicle) - Jul 18, 2026 · Amp launched monthly subscriptions in beta. · [Amp's site](https://ampcode.com/news/subscriptions) - Jul 9, 2026 · Amp introduced the Dial, with four agent modes. · [Amp's Chronicle](https://ampcode.com/chronicle) - Jun 30, 2026 · Amp launched Agents in Orbs, for running agents remotely. · [Amp's Chronicle](https://ampcode.com/chronicle) - May 21, 2026 · Amp announced Amp Labs, paid through warrants in partner companies. · [Amp's site](https://ampcode.com/news/amp-labs) - Mar 30, 2026 · Amp removed ads from Amp Free after ad sales passed a $10M+ run rate. · [Amp](https://ampcode.com/news/amp-free-is-ad-free) - Dec 2, 2025 · Amp said it was profitable, without giving a figure. · [Amp](https://ampcode.com/news/amp-frontier-corporation) - Dec 2, 2025 · Amp spun out of Sourcegraph as Amp Frontier Corporation. · [Amp's site](https://ampcode.com/news/amp-inc) - May 15, 2025 · The Amp coding agent became publicly available. · [Amp's Chronicle](https://ampcode.com/chronicle) ## Questions people ask ### Is Amp a public company? Can I buy Amp stock? No. Amp is private and has no ticker, so its shares aren't sold on any exchange. It hasn't announced a plan to go public. ### Who owns Amp? Its founders, staff and investors. Craft, Redpoint, Sequoia, Goldcrest and a16z sit on its board, per [Sourcegraph](https://sourcegraph.com/blog/why-sourcegraph-and-amp-are-becoming-independent-companies). Stakes haven't been disclosed. ### Who is the CEO of Amp? Quinn Slack, its co-founder, according to [Technology Decisions](https://www.technologydecisions.com.au/content/it-management/news/westpac-and-amp-frontier-announce-ai-engineering-partnership-636518726). ### Who founded Amp? Sourcegraph co-founders Quinn Slack and Beyang Liu, with other members of the Amp team, when it [spun out](https://ampcode.com/news/amp-inc) in December 2025. ### How much revenue does Amp make? It publishes no total. Amp said ad sales on its free tier reached a $10M+ yearly run rate before it [dropped ads](https://ampcode.com/news/amp-free-is-ad-free) in March 2026. ### Is Amp profitable? Amp [said it was profitable](https://ampcode.com/news/amp-frontier-corporation) when it spun out of Sourcegraph in December 2025. It gave no profit figure. ### How does Amp make money? Through monthly [subscriptions](https://ampcode.com/news/subscriptions), launched in beta in July 2026, and Amp Labs partnerships paid through warrants. It is free when users bring their own compute and model keys. ### Who are Amp's competitors? Claude Code from Anthropic and Cursor, according to an October 2026 comparison by [Unblocked](https://getunblocked.com/blog/sourcegraph-alternatives/). ## How this page is sourced Each figure links to the filing, company statement or news report it came from, with its date. Run rates are what reporters were told, not audited results; estimates and unconfirmed reports are marked. Quotes are what each person said on the record, with the minute they said it.