1. AI tools are being used by 44% of software engineers now, with 26% planning to use them soon.
2. Ex-Microsoft software developer Igor Ostrovsky created the AI-powered coding platform Augment to improve software quality and team productivity.
3. Augment, with $252 million in funding, aims to disrupt the market for generative AI coding technologies and believes it can bring innovations to improve software quality for developers and teams.
AI is becoming more prevalent in coding, with many developers embracing AI tools as part of their development processes. According to a recent StackOverflow poll, 44% of software engineers are currently using AI tools, and 26% plan to start using them soon. Gartner estimates that over half of organizations are piloting or have deployed AI-driven coding assistants, with 75% of developers expected to use coding assistants by 2028.
Ex-Microsoft software developer Igor Ostrovsky has built a new AI-powered coding platform called Augment, which recently emerged from stealth with $252 million in funding. The platform aims to improve software quality, team productivity, and the overall coding experience. Ostrovsky and his team believe that Augment has the potential to empower programmers and organizations to deliver high-quality software more efficiently.
Despite the abundance of AI coding assistants in the market from tech giants like Microsoft, Amazon, and Google, as well as numerous startups, Augment aims to differentiate itself by focusing on industry-leading open models and providing standard software-as-a-service subscriptions. The company plans to accelerate product development and growth with its recent funding and aims to become a significant player in the enterprise AI space.
However, there are challenges in the AI coding assistant industry, including eye-watering compute costs, potential security vulnerabilities, and copyright concerns. Augment is confident in its ability to address these challenges and offer developers AI coding assistance that truly understands the programmer’s intent, improves software quality, and facilitates team productivity. With its team’s expertise in AI and systems development, Augment is poised to make an impact in the coding assistant market.