AI/ML
Magic
Magic raises $117M Series B at $1.5B valuation
$117M
Total Raised
Series B
Latest Round
2022
Founded
60+
Employees
San Francisco, CA
1 min read
Quick Facts
Valuation
$1.5B
Latest Round Size
$117M
Latest Round Date
August 2024
Magic: Series B Funding Round
Magic has successfully raised $117M in Series B funding, reaching a valuation of $1.5B.
Company Overview
AI software engineer assistant
Funding Details
The Series B round was led by CapitalG, with participation from Elad Gil.
Company Information
- Headquarters: San Francisco, CA
- Founded: 2022
- Employees: 60+
- Category: AI/ML
Investment
Magic plans to use the funds to accelerate product development, expand its team, and scale operations globally.
About the Investors
- CapitalG: Verified investor in Series B
- Elad Gil: Verified investor in Series B
Key Investors
CapitalG
Lead Investor
Verified investor in Series B
Elad Gil
Investor
Verified investor in Series B
About the Author
Editorial Team
Curated funding news from verified sources
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