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- Augment
Augment Funding, Investors & Competitors
Augment has raised $110M across 2 funding rounds, most recently a $85M Series A in September 2025.
Last Augment funding round
$85M
Series A · Sep 2025
Cumulative funding Augment raised
$110M
across 2 funding rounds
Key investors in Augment
8VC
Redpoint
9Yards Capital
Autotech Ventures
Shopify Ventures
About Augment
Augment is a Tel Aviv-based AI platform automating logistics operations through email, chat, and invoicing workflows. It handles freight booking, shipment tracking, and task assignments for forwarders, cutting manual errors by processing natural language inputs into structured actions across platforms like Slack and Gmail.
Founded
2024
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Augment Funding History
Augment has raised a total of $110M across 2 funding rounds.
Augment's first fundraising round was a $25M seed round in March 2025. The most recent completed round was a $85M Series A in September 2025.
Augment funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Sep 2025 | Series A | Redpoint (lead); 8VC; 9Yards Capital; Autotech Ventures; Shopify Ventures | $85M | Augment is an AI productivity platform for the logistics industry, offering Augie, a freight-native AI teammate that automates complex workflows across the order-to-cash lifecycle, including load building, pricing, tracking, document handling, invoicing, and collections for shippers, brokers, and carriers. Founded in 2024 by Harish Abbott, co-founder of Deliverr (acquired by Shopify for $2.1B), the company emerged from stealth in March 2025 with a $25M seed round led by 8VC. On September 4, 2025, Augment raised an $85M Series A round led by Redpoint Ventures, with participation from 8VC, Shopify Ventures, Autotech Ventures, and other logistics and AI investors, bringing total funding to $110M in five months. The funding will accelerate Augie's development, including full-stack automation, AI-native infrastructure, memory and reasoning capabilities, and multimodal integrations with TMS, financial systems, and load boards; it will also support hiring in engineering, sales, and customer success to scale operations amid growing demand. Augie supports over $35B in freight under management (FUM) across dozens of leading shippers and brokerages. Customers report significant gains, such as 40% reduction in invoice delays, billing cycles accelerated by 8 days, 5%+ gross margin recovery per load, and $1M+ potential track and trace payroll savings at one firm. Fully onboarded clients like Armstrong Transport Group doubled daily loads and improved margins. The company has more than doubled customers since the seed round, with strong feedback on productivity and adoption. Augment targets the massive logistics sector, burdened by manual tasks, emails, phone calls, and fragmented systems, positioning AI agents like Augie as the future standard for repetitive workflows. CEO Harish Abbott predicts AI will manage most logistics tasks within 12-18 months, capitalizing on razor-thin margins and pressure to optimize. Investors cite unmatched logistics expertise, rapid innovation, and transformative customer impact as key reasons for backing. |
| Mar 2025 | Seed | 8VC (lead) | $25M | Augment, an AI-driven logistics platform founded by Harish Abbott (former Deliverr CEO), emerged from stealth in March 2025 with a $25 million seed round led by 8VC. The company's debut product, Augie, is an AI teammate designed for freight operators, automating complex workflows such as shipment coordination, pricing bids, package tracking, load building, and invoicing across truckload (FTL), less-than-truckload (LTL), expedited, and drayage shipments. Augie handles calls, emails, system logins, escalations, and workflow management to reduce manual errors and boost efficiency in the $900 billion freight industry, where margins are typically 3%. The seed funding supports accelerating Augie's development, expanding engineering and customer success teams, and scaling operations from offices in San Francisco, Chicago, and Toronto. Investors like Joe Lonsdale of 8VC highlighted parallels to Palantir's workflow understanding and knowledge ontology approach, positioning Augment as a potential generational company in logistics productivity. Just five months later in September 2025, Augment raised an $85 million Series A led by Redpoint Ventures, with participation from 8VC, Shopify Ventures, Autotech Ventures, and others, bringing total funding to $110 million. This rapid follow-on reflects early traction, including support for over $35 billion in freight under management (FUM) across dozens of shippers and brokerages. Customers like Armstrong Transport Group reported doubling daily loads, shrinking billing cycles by over a week, 40% reduction in invoice delays, and over 5% gross margin improvement per load. The Series A funds hiring 50 engineers, deepening integrations, and expanding Augie to the full order-to-cash lifecycle amid fragmented legacy systems in logistics. |
Who has invested in Augment?
5 investors have backed Augment across its funding rounds, including 8VC, Redpoint, 9Yards Capital, Autotech Ventures and Shopify Ventures.
Lead investors include Redpoint and 8VC.
Augment Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Mar 2025 | ||
| 1 | Lead | Sep 2025 | ||
| 1 | Participant | Sep 2025 | ||
This data is available for Pro users. Sign up to see all 5 Augment investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAugment Competitors
Augment competitors include listed companies like Descartes Systems Group and SAP, and private ones like Peregrine.ai, ElevenLabs, Commure and Abridge.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $30M | - | $2.5B | 83.3x | ||
| Private | $500M | - | $11B | 22.0x | ||
| Private | $200M | - | $7B | 35.0x | ||
| Publicly listed | $729M | $305M | $6.8B | 8.1x | ||
| Private | $117M | - | $5.3B | 45.3x | ||
| Publicly listed | $42B | $13B | $248B | 5.4x |
Augment Public Comps
Augment is still privately-owned, but its public comps include CrowdStrike, SAP, Salesforce, ServiceNow, Snowflake, Adobe, Datadog, Moody's, Nebius Group and Workday.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $4.8B | ($12M) | 51.4x | 44.5x | (19816.2x) | 151.0x | |||
| $42B | $13B | 5.8x | 5.4x | 18.4x | 17.1x | |||
| $42B | $13B | 5.5x | 5.2x | 17.8x | 12.2x | |||
| $13B | $2.6B | 11.1x | 9.6x | 57.2x | 25.0x | |||
| $4.7B | ($1.3B) | 25.6x | 21.0x | (94.1x) | 121.7x | |||
| $24B | $9.3B | 4.3x | 3.9x | 10.9x | 8.2x | |||
| $3.4B | ($588K) | 23.6x | 19.4x | (137813.0x) | 77.6x | |||
| $7.7B | $3.8B | 11.2x | 10.6x | 22.5x | 20.1x | |||
This data is available for Pro users. Sign up to see all Augment competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Augment
| When was Augment founded? | Augment was founded in 2024. |
| Where is Augment headquartered? | Augment is headquartered in Austin, TX, United States. |
| Is Augment publicly listed? | No, Augment is a private, VC-backed company. |
| How much funding has Augment raised? | Augment has raised $110M across 2 funding rounds. |
| What was Augment's last funding round? | Augment's last funding round was a $85M Series A in September 2025, led by Redpoint. |
| Who are Augment's investors? | Augment's investors include 8VC, Redpoint, 9Yards Capital, Autotech Ventures and Shopify Ventures. |
| Which companies are comparable to Augment? | Companies comparable to Augment include Peregrine.ai, ElevenLabs, Commure, Descartes Systems Group, Abridge and SAP. |
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