-84%

est. 2Y upside i

DevOps & InfraSeries B

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Rank

#3632

Sector

Developer Tools

Est. Liquidity

~4Y

Data Quality

Data: Low

Equity upside is highly negative with -83.77% expected return over 2 years, driven by a stale ~49x revenue valuation, critical incumbent threats, and high preference overhang.

Last updated: July 3, 2026

Bull (10%)-65%

Revenue reaches $44.8M in 2 years with a 12x exit multiple ($537.6M), but entry at $977M leads to -45% upside before -20pp dilution. Unlikely given critical incumbent threat.

Base (55%)-79%

Revenue of $44.8M with a 9x multiple yields $403.2M exit, -58.7% pre-dilution. After 20pp dilution, -78.7%. Incumbent pressure compresses multiples.

Bear (35%)-97%

Revenue $44.8M with 5x multiple yields $224M exit, below $252M preferred stack, resulting in -100% common equity return pre-dilution. Post-dilution -97.1%.

Est. time to liquidity~4.0 years

Preference Stack Risk

high

Funding Intensity

126000%

Total funding $252M vs valuation $977M = 25.8% overhang. In a bear exit below $252M, common stock returns -100%.

Dilution Risk

high

Likely need additional capital within 24 months given high burn and capital intensity; 20% dilution assumed.

Secondary Liquidity

none

No secondary market data available; no known tender offers or liquidity events.

Other — 1 role

View all 1 open roles at Augment Code →

Last updated: March 10, 2026

Questions to Ask at the Interview

Strategic questions based on Augment Code's data — designed to show you've done your homework.

  • 1

    “How does Augment's Context Engine differentiate from GitHub Copilot's code indexing, and what prevents Microsoft from replicating it?”

  • 2

    “Given the pivot away from individual plans, what is the enterprise revenue growth rate and churn?”

  • 3

    “What is the expected timeline and path to liquidity, and is there a secondary market for employee shares?”

Community

Valuation Sentiment

Our model estimates -84% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.