Magic Overview

  • Year Founded
  • 2022

Year Founded

  • Status
  • Private

  • Employees
  • 20

Employees

  • Latest Deal Type
  • 2ndary - Private

  • Latest Deal Amount
  • $812K

  • Investors
  • 17

Magic General Information

Description

Operator of a software development company intended to build aligned and complete artificial intelligence. The company's platform develops reliable ways to align with human values, offers reinforcement learning that teaches artificial intelligence through trial and error, and provides systems that typically pick up a vast amount of information during training and then use it during inference, enabling developers to find, consider and reuse code to automate software engineering and research.

Contact Information

Website
www.magic.dev
Formerly Known As
Magic AI
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Corporate Office
  • 1000 Sansome Street
  • Suite 200
  • San Francisco, CA 94111
  • United States
+1 (628)
Primary Industry
Software Development Applications
Other Industries
Business/Productivity Software
Media and Information Services (B2B)
Vertical(s)
Big Data, SaaS, Artificial Intelligence & Machine Learning
Corporate Office
  • 1000 Sansome Street
  • Suite 200
  • San Francisco, CA 94111
  • United States
+1 (628)

Magic Timeline

202320242025
Date FoundedFinancing RoundCaptured Employee CountEstimated Employee Growth

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Magic Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
5. Secondary Transaction - Private 14-Jan-2025 $812K Completed Startup
4. Later Stage VC (Series C) 29-Aug-2024 Completed Startup
3. Early Stage VC (Series B) 12-Feb-2024 Completed Startup
2. Early Stage VC (Series A) 08-Jan-2023 $28.1M $33.1M Completed Startup
1. Early Stage VC (Series A) 22-Dec-2022 $5M $5M Completed Startup
To view Magic’s complete valuation and funding history, request access »

Magic Cap Table

Stock # of Shares
Authorized		 Par Value Dividend Rate (%) Original
Issue Price		 Liquidation Liquidation
Pref. Multiple		 Conversion Price % Owned
Series C
Series B
Series A-6
Series A-5
Series A-4
Series A-3
Series A-2
Series A-1 453,438 $0.000010 $2.43 $2.43 1x $2.43 2.02%
Series A 2,001,039 $0.000010 $11.49 $11.49 1x $11.49 8.91%
To view Magic’s complete cap table history, request access »

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Opportunity Score

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Magic Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Operator of a software development company intended to build aligned and complete artificial intelligence. The company's
Software Development Applications
San Francisco, CA
20 As of 2024

New York, NY
 

Toronto, Canada
 
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Magic Competitors (4)

One of Magic’s 4 competitors is Mintlify, a Venture Capital-Backed company based in New York, NY.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Mintlify Venture Capital-Backed New York, NY
Caseware International Private Equity-Backed Toronto, Canada
Mutable.AI Venture Capital-Backed Dover, DE
Tabnine Venture Capital-Backed Tel Aviv, Israel
To view Magic’s complete competitors history, request access »

Magic Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

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Magic Investors (17)

Investor Name Investor Type Holding Investor Since Participating Rounds
Flat Capital Venture Capital Minority
Atlassian Corporation Minority
Ben Mahdavi Angel (individual) Minority
Eric Schmidt Angel (individual) Minority
Gaingels Venture Capital Minority
You’re viewing 5 of 17 investors. Get the full list »

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Magic FAQs

  • When was Magic founded?

    Magic was founded in 2022.

  • Where is Magic headquartered?

    Magic is headquartered in San Francisco, CA.

  • What is the size of Magic?

    Magic has 20 total employees.

  • What industry is Magic in?

    Magic’s primary industry is Software Development Applications.

  • Is Magic a private or public company?

    Magic is a Private company.

  • What is Magic’s current revenue?

    The current revenue for Magic is .

  • How much funding has Magic raised over time?

    Magic has raised $471M.

  • Who are Magic’s investors?

    Flat Capital, Atlassian, Ben Mahdavi, Eric Schmidt, and Gaingels are 5 of 17 investors who have invested in Magic.

  • Who are Magic’s competitors?

    Mintlify, Caseware International, Mutable.AI, and Tabnine are competitors of Magic.

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