Sourcegraph (Amp)
AI coding tools · https://sourcegraph.com
Verdict: Hold · Confidence: medium · Reviewed 2026-10-15
Amp is the coding-agent business that spun out of Sourcegraph. On December 2, 2025, Sourcegraph said Quinn Slack and Beyang Liu were founding Amp Inc., and Amp said it was becoming an independent research lab, that traction spun it out, and that Amp is profitable. Neither post gives revenue, users, margin, or a funding amount for Amp. The product is real enough to separate; the commercial evidence is a profitability sentence.
Rubric
| Dimension | Score (1–5) | Notes & sources |
|---|---|---|
| Real customers & revenue quality Are there named paying customers, recurring revenue, and retention evidence? | Unknown | Unknown — no public figure found. Amp says it is profitable and does not disclose revenue or users. |
| Unit economics Do gross margins survive inference/compute costs? Is pricing durable? | Unknown | Unknown — no public figure found. Profitability is asserted without a margin. |
| Moat Proprietary data, distribution, switching costs, or tech that is hard to copy? | 3/5 | Per Sourcegraph, code search remains the enterprise product, and Amp is the frontier agent for developers who want to be a year ahead. The spinout says the two have different distribution engines. Amp's own moat is not quantified.
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| Platform risk Could a model provider or incumbent ship this as a feature? (higher score = lower risk) | 2/5 | Amp's stated job is to stay on the frontier of models, tools, and agents. That is the layer model labs ship themselves. Sourcegraph's code-search business is the stickier sibling and is now a different company.
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| Team & execution Shipping cadence, leadership track record, stability. | 3/5 | Per Sourcegraph, Amp began as an experiment less than nine months before the December 2, 2025 split and was described as one of the leading coding agents. Amp says that traction made the spinout possible and that the company is profitable. No metric is attached.
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| Funding vs. traction Is capital raised justified by verifiable traction? | Unknown | Unknown — no public figure found. The spinout posts do not state Amp's capital raised or revenue. |
| Hype signals Demo-driven marketing, vague metrics, valuation outrunning evidence? (higher score = fewer red flags) | 3/5 | Calling the company profitable at spinout is a check on hype. The posts still use frontier-lab language and name no customers, revenue, or users, so the claim cannot be sized.
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Listing source: https://sourcegraph.com. Revenue, users, and valuation figures appear only when publicly sourced; otherwise they are marked unknown.