ERIC SCHMIDT-BACKED AUGMENT, A GITHUB COPILOT RIVAL, LAUNCHES OUT OF STEALTH WITH $252M

Summary from the TLDR AI newsletter

AI-powered coding platform Augment has launched from stealth with $252 million in funding, valuing the company near $977 million. Founded by ex-Microsoft developer Igor Ostrovsky, the platform aims to enhance software quality and productivity using advanced AI models. Augment plans to offer standard SaaS subscriptions and expects to reveal pricing details later this year ahead of its GA release.