Magic
formerly Magic AIBuilding frontier code models to automate software engineering
San Francisco, United States · Founded 2022 · $465.0M raised
- Headquarters
- San Francisco, California
- Employees
- 51–200
- Founded
- 2022
- Business Model
- B2B
- Website
- magic.dev
- Total Funding
- $465.0M
- Last Round
- $320.0M Series CAug 2024
- Rounds
- 4
Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.
About
Magic is building frontier code models that combine large-scale pretraining, domain-specific reinforcement learning, and ultra-long 100M token context windows to automate software engineering end-to-end. The company's models can read entire codebases, documentation, and issue trackers to plan, write, review, and test code autonomously, with the goal of safely accelerating AGI development through automated AI research.
Summary
Magic is an Artificial Intelligence company based in San Francisco, United States, founded in 2022. It has raised $465.0M in total across 4 rounds, most recently a $320.0M Series C round in Aug 2024. Investors include CapitalG, Eric Schmidt and NFDG.
Tech & App Stack
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Funding History
Aug 2024
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Funding: Seed through Series C. Amounts, valuations, and investors where available.
Investors
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