Magic AI

Magic AI

Private
San Francisco, CaliforniaAI, Data & Cloud Infrastructurehttps://www.magic.dev

Last Round

Early Funding

8/29/2024

Est. Valuation

$1.5B

Total Funding Raised

$517M

Momentum Score

50 /100

Company Overview

Magic is a technology company specializing in artificial intelligence solutions that align with human values and enhance software development through advanced reinforcement learning and code automation.

Sector

AI, Data & Cloud Infrastructure

Verticals

ML Platforms, AI Training Infrastructure, DevOps & Containers, Workflow Automation, NLP & Conversational AI

Business Model

B2B

Customer Profile

Subscription SaaS, Usage-Based SaaS, Services & Consulting

AI Layer

Foundation

Keywords

AI software engineerAI pair programmerfrontier code modelsgenerative AI codingAI copilotfoundation modelscode generationAI collaboratorvibe codingautomated software engineeringAI developer toollarge context windowcode modelsAI debuggingAGI research

Historical Pricing

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Caplight Momentum Score

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Magic AI Comps

Public and private peers based on sector, stage, and business model.

CompanyStatusEst. ValuationRev Multiple
OpenAIPrivate$86.0B~40x
CoherePrivate$5.0B--
Competitor 1Public$XX.XBXXx
Competitor 2Public$XX.XBXXx

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Magic AI Funding Rounds

Historical fundraising activity

RoundDateAmount RaisedValuationInvestorsSources
Early Funding8/29/2024
Series B2/19/2024
Strategic5/31/2023
Series A2/6/2023
Seed8/1/2022

Key People

Founding team and executive leadership

Eric Steinberger

Co-founder CEO

Founding Team

Daniel Forester

Chief Operating Officer And Chief Legal Officer

Executive Team

Magic AI Investors

Notable investors and investment history

InvestorRounds
Cherubic VenturesStrategic
Jane StreetEarly Funding
NorthzoneStrategic
Sequoia CapitalEarly Funding
KasikornX Venture CapitalStrategic
Amplify PartnersSeries A
Volt CapitalStrategic

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 Filings

SEC and related filings with document metadata.

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Magic AI Filings

SEC and related filings with document metadata.

Frequently Asked Questions

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Firmographic Details

HeadquartersSan Francisco, California
Employee Range105
Year Founded2022
Last Funding8/29/2024

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