Products

Signal Tracker Data Platform Data Enrichment API Intelligence desk

Solutions

Inward Investment & Aftercare Deal Origination Executive Search Corporate Development Signal-Based Outbound Competitive Intelligence Funding Signals Competitor Monitoring For Sales Teams For Founders For Agencies For Investors

Explore

Companies Live Signals Markets Trends

Resources

Signal Checker Blog Integrations FAQ Contact Pricing
Login Book a demo
Magic logo — Build aligned and more complete AI to accelerate humanity’s...

Magic

Build aligned and more complete AI to accelerate humanity’s progress on the world’s most important problems

Founded 2022 United States San Francisco, United States 110 employees Series Unknown Total: $474.13M AI, Information Technology +1

General Information

Company Name Magic
Founded Year 2022
Location United States San Francisco, United States +1
Employees 110
Industries AI, Information Technology, Machine Learning
Funding Stage Series Unknown
Social

Get notified when Magic moves

Funding, new markets, leadership changes, hiring surges — one e-mail, only when something happens.

Free · no account needed

AI Insight

Bounce Watch AI
4 weeks ago

Magic has demonstrated substantial momentum, raising a significant $320 million in a venture round in August 2024 from prominent investors including Sequoia Capital and CapitalG. This massive capital infusion signals strong market confidence in their frontier-scale AI code models and their vision of developing an 'AI coworker'. The funding positions Magic for accelerated R&D in AGI and supercomputing infrastructure, likely supporting ambitious scaling and talent acquisition efforts.

Signal Types
Funding
Strategic Labels
Growth Capital AI Innovation Market Validation
Next Move: Hiring
·
Impact: 9/10
·
Ideal For: Growth-Stage AI & Deep Tech VCs

About Magic

Magic is a burgeoning startup founded in 2022 with a clear mission: "Build aligned and more complete AI to accelerate humanity’s progress on the world’s most important problems." The company is spearheading advancements in the AI, Information Technology, and Machine Learning sectors. Situated in the United States, Magic distinguishes itself by developing frontier-scale code models aimed at crafting a coworker rather than just a copilot.

Most recently, Magic secured a substantial kr9.00M in their latest venture round investment on 14 January 2025, with backing from Flat Capital. This financial endorsement underscores significant investor confidence in Magic's innovative potential and strategic direction. This startup is positioned at the nexus of technological advancement and human potential, offering promising returns for venture capital interested in transformative technology.

Taxonomy: AI-powered software development, AI coding assistant, Natural language processing, Code generation, Developer tools, Software engineering, AI coworker technology, App development, Frontier-scale code models, AI in programming, Automated coding solutions, AI-driven innovation, Software development automation

Services & Products

Automated code generation
AI research solutions
Supercomputing infrastructure development
Pre-training systems

Target Customers

Software engineers AI researchers Tech companies seeking AI solutions Organizations investing in AI safety

Funding Rounds & Investors (5)

View All
Funding Stage Amount Investors Lead Investors Date
Venture Round •••••• 1 •••• •••• 14 Jan 2025
Venture Round •••••• 6
Investor
•••• •••• 		29 Aug 2024
Series B •••••• 3
Investor Investor
•••• •••• 		12 Feb 2024
Series A •••••• 7
Investor Investor
•••• •••• 		06 Feb 2023
Seed Round •••••• - 01 Mar 2022

Magic Alternatives & Competitors

View All Alternatives
Magic vs
Tabnine
Tabnine Israel

Empowering software developers with AI for code

Series B
84 employees
AI, Developer Tools
Compare Magic vs Tabnine
Magic vs
Global Software Base
Global Software Base Turkey

A platform enabling development without requiring coding skills.

Enterprise Software, Professional Services Tech
Magic vs
Code Fundi
Code Fundi Kenya

All-In-One coding AI that helps teams ship faster.

2 employees
Also compare with: Magic vs Codiga Codiga Magic vs Aptugo Aptugo View all alternatives

FAQ About Magic

Build aligned and more complete AI to accelerate humanity’s progress on the world’s most important problems
Magic was founded in 2022.
Magic is headquartered in San Francisco, United States.
Magic operates in the following industries: AI, Information Technology, Machine Learning.
Magic has approximately 110 employees.
Magic has completed 5 funding rounds, raising a total of $474.13M. The latest funding stage is Series Unknown.
Magic offers: Automated code generation, AI research solutions, Supercomputing infrastructure development, Pre-training systems.
Top alternatives and competitors to Magic include Tabnine, Global Software Base, Code Fundi, Codiga, Zencoder. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Magic and Tabnine are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Don't just browse. Track.

Signal Tracker monitors Magic and millions of companies for funding rounds, hiring surges, product changes, and 40+ signal types — so you never miss an opportunity.

See how it works

One analytics cookie (Google Analytics). Cookie Policy