flâneur

Eric Schmidt-backed Augment, a GitHub Copilot rival, launches out of stealth with $252M | TechCrunch

techcrunch.com · 1,236 words · saved by 1 readers

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. “Software engineering remains a difficult and all-too-often tedious and frustrating job, particularly at scale,” he told TechCrunch. “AI can improve software quality, team productivity and help restore the joy of programming.” So Ostrovsky decided to build the AI-powered coding platform that he himself would want to use. That platform is Augment, and on Wednesday it emerged from stealth with $252 million in funding at a near-unicorn ($977 million) post-money valuation. With investments from former Google CEO

Eric Schmidt-backed Augment, a GitHub Copilot rival, launches out of stealth with $252M | TechCrunch Image Credits: scyther5 / Getty Images AI Eric Schmidt-backed Augment, a GitHub Copilot rival, launches out of stealth with $252M Kyle Wiggers 12:36 PM PDT · April 24, 2024 AI is supercharging coding — and developers are embracing it. 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 codin

related reading