Magic AI, Inc.
PrivateLast Round
Series C
Aug 29, 2024
Est. Valuation
$1.5B
Total Funding Raised
$527M
Momentum
Top 50%
of companies Caplight tracks
Company Overview
Magic AI, Inc. is an artificial intelligence company that develops frontier code models and AI-powered software engineering tools to automate research and code generation.
Sector
Enterprise Software
Verticals
NLP & Conversational AI, DevOps & Containers
Business Model
B2B
Customer Profile
Subscription SaaS
AI Layer
Foundation
Keywords
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Magic AI, Inc. Comps
Public and private peers based on sector, stage, and business model.
| Company | Status | Est. Valuation | Rev Multiple |
|---|---|---|---|
| OpenAI | Private | $86.0B | ~40x |
| Cohere | Private | $5.0B | -- |
| Competitor 1 | Public | $XX.XB | XXx |
| Competitor 2 | Public | $XX.XB | XXx |
Magic AI, Inc. Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Series C | Aug 29, 2024 | ||||
| Series B | Feb 19, 2024 | ||||
| Strategic | May 31, 2023 | ||||
| Series A | Feb 6, 2023 | ||||
| Seed | Aug 1, 2022 | ||||
Seed | Jul 1, 2022 |
Key People
Founding team and executive leadership
Magic AI, Inc. Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Cherubic Ventures | Strategic |
| PayPal Ventures | Strategic |
| Jane Street | Series C |
| Northzone | Strategic |
| Sequoia Capital | Series C |
| KasikornX Venture Capital | Strategic |
| Amplify Partners | Seed, Series A |
Market signals
Structured signals derived from secondary market and firmographic data.
- Apr 9, 2026
Job posting references 'Magic-Attention' compute kernels.
- Mar 19, 2025
Presented new MagicOS 10 at the Global Developer Conference in Shenzhen.
Magic AI, Inc. Filings
SEC and related filings with document metadata.
| Typed | Date | Amount Offered | Amount Sold | Filling | Pages | Download |
|---|---|---|---|---|---|---|
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Frequently Asked Questions
Common questions about Magic AI, Inc.'s valuation, stock price, and market status.