Company · Coding
Augment Code revenue, valuation & funding
Augment Code's last disclosed valuation was $977M post-money, from its April 2024 Series B. It has published no revenue figures. It's private with no ticker, and in October 2026 Harness bought its Cosmos, Auggie CLI and Code Context Engine assets.
At a glance
- Valuation: $977M post-money at its April 2024 Series B, its last disclosed valuation.
- Revenue: not disclosed. Augment Code publishes no results.
- Status: private. No stock ticker. Harness bought select assets in October 2026, in a deal that doesn't appear to include the whole company.
- Founded: 2022, by Igor Ostrovsky and Guy Gur-Ari.
- CEO: Matt McClernan, who joined as chief revenue officer in November 2024.
- Investors: Sutter Hill Ventures, Index Ventures, Lightspeed Venture Partners, Innovation Endeavors and Meritech Capital.
- Products: Cosmos (a platform for coding agents), the Auggie CLI and the Code Context Engine. Harness bought all three in October 2026.
- Headquarters: Palo Alto, California.
Is Augment Code public? Can you buy its stock?
No. Augment Code is a private company. Its shares don't trade on any stock exchange, and it has no ticker symbol.
It has not announced any plan to go public. In October 2026 it agreed to sell select assets to Harness, including Cosmos, the Auggie CLI and the Code Context Engine (Augment Code's blog). SD Times reported that the deal does not appear to include the entire company. Terms were not disclosed, according to Dealroom.
Its shares are held by its founders, staff and investors. No stake sizes have been disclosed. This page reports facts and gives no investment advice.
Valuation, round by round
Augment's only disclosed valuation is $977M post-money, set at its $227M Series B in April 2024.
| Date | Valued at | Raised | Led by | Source |
|---|---|---|---|---|
| Apr 2024 | $977M | $227M | — | Augment Code's blog |
| Apr 2024 | — | $25M | Sutter Hill Ventures | Acquired (startupsacquired.com) |
No later priced round or valuation has been reported. The $25M Series A was disclosed at the April 2024 launch, with no separate date or valuation.
How Augment Code makes money
Augment Code sells flat team plans and bills usage on top. Its pricing page lists two flat plans with no per-seat charge, plus custom Enterprise pricing.
- Standard. $20 a month flat for up to 50 seats, with $20 of usage included every month. Augment Code pricing page
- Business. $100 a month flat for up to 50 seats, with $100 of usage included every month. Augment Code pricing page
- Enterprise. Custom pricing for teams with high volume, security or support needs. Augment Code pricing page
- Usage fees. Usage on Standard and Business is billed at the model provider's list price plus a flat 40% fee on LLM usage. Compute carries no fee. Augment Code pricing page
- Credits since October 2025. Augment moved from per-message pricing to a credit-based model. McClernan said the earlier model was "not sustainable for the business." Acquired (startupsacquired.com)
Products
Augment Code makes AI coding agents. Its homepage calls Cosmos a platform for an always-on software delivery system that moves work from spec to verification.
- Cosmos (launched June 4, 2026). A service for coordinating AI agents across engineering teams. SiliconANGLE
- Harness Cosmos Software Factory Agent. After the October 2026 sale, Cosmos became this Harness product, available at once. Acquired (startupsacquired.com)
- Auggie CLI and the Code Context Engine. Two more products sold to Harness in October 2026, along with related technology. Augment Code's blog
Leadership
Matt McClernan joined Augment as chief revenue officer in November 2024 and later became CEO, according to Acquired.
- Matt McClernan, CEO. Before Augment he was SVP and GM of Workato's Enterprise business. Augment Code's blog
- Igor Ostrovsky, co-founder and CTO. He is moving to Harness with the team behind Cosmos. Harness blog
- Guy Gur-Ari, co-founded Augment with Ostrovsky in 2022. Acquired (startupsacquired.com)
- Vinay Perneti, vice president of engineering, as of June 2026. SiliconANGLE
- Scott Dietzen and Dion Almaer led the company at its April 2024 launch. Dietzen came from Pure Storage. Acquired (startupsacquired.com)
Who owns Augment Code?
Its founders, staff and investors. Augment named its backers when it emerged from stealth in April 2024 but disclosed no stake sizes.
Its two disclosed rounds brought total funding to $252 million, according to its announcement. SiliconANGLE names the seller in the Harness deal as Augment Code Computing Inc.
- Sutter Hill Ventures led the $25M Series A and invested again in the $227M Series B. Augment Code's blog
- Index Ventures, Innovation Endeavors, Lightspeed Venture Partners and Meritech Capital invested in the April 2024 Series B. Augment Code's blog
- Harness bought select assets in October 2026. The deal does not appear to include the whole company. SD Times
Timeline and latest news
From its founding to the latest reports, newest first.
- Oct 8, 2026Latest
Harness announced it had acquired Cosmos, the Auggie CLI, the Code Context Engine and related technology. Augment Code blog - Oct 8, 2026Latest
Cosmos became the Harness Cosmos Software Factory Agent. Acquired (startupsacquired.com) - Oct 8, 2026Latest
The team behind the sold products, including CTO Igor Ostrovsky, began moving to Harness. Harness blog - Oct 8, 2026
The price of the Harness deal was not disclosed. Dealroom - Jun 5, 2026
Vinay Perneti spoke to SiliconANGLE as vice president of engineering. SiliconANGLE - Jun 4, 2026
Launched Cosmos, a service for coordinating AI agents across engineering teams. SiliconANGLE - Oct 2025
Moved from per-message pricing to a credit-based model. Acquired (startupsacquired.com) - Nov 2024
Matt McClernan joined as chief revenue officer. Acquired (startupsacquired.com) - Apr 24, 2024
Emerged from stealth with a $227M Series B at a $977M post-money valuation. Augment Code's blog - Apr 24, 2024
Launched under Scott Dietzen and Dion Almaer. Acquired (startupsacquired.com) - Apr 2024
Disclosed a $25M Series A led by Sutter Hill Ventures. Acquired (startupsacquired.com)
Questions people ask
Is Augment Code a public company? Can I buy Augment Code stock?
No. Augment Code is private and has no ticker, so its shares aren't sold on any exchange.
When will Augment Code IPO?
It hasn't announced any plan to go public. In October 2026 it sold select assets to Harness.
Who owns Augment Code?
Its founders, staff and investors, including Sutter Hill Ventures, Index Ventures, Lightspeed Venture Partners, Innovation Endeavors and Meritech Capital. Stakes haven't been disclosed.
Who is the CEO of Augment Code?
Matt McClernan, according to Augment Code's blog. He joined as chief revenue officer in November 2024.
Who founded Augment Code?
Igor Ostrovsky and Guy Gur-Ari, in 2022.
How much is Augment Code worth?
$977M post-money at its April 2024 Series B, according to its announcement. No later valuation has been reported.
How much revenue does Augment Code make?
It doesn't publish revenue, and no figure has been confirmed by a primary report.
How does Augment Code make money?
Flat team plans of $20 or $100 a month, plus usage billed at list price with a 40% fee (pricing page). Enterprise pricing is custom.
Where is Augment Code headquartered?
Palo Alto, California.
Did Harness acquire Augment Code?
Harness bought select assets in October 2026, including Cosmos, the Auggie CLI and the Code Context Engine. SD Times reported the deal doesn't appear to include the whole company. Terms weren't disclosed.
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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. Spotted something that's off? .
Last checked Nov 8, 2026