Magic Raises $320M in Series D

Magic has successfully raised $320M in a Series D at a $1.5B valuation led by Nat Friedman, Daniel Gross, Elad Gil.

Company Overview

Magic is a AI/ML company headquartered in San Francisco, CA, founded in 2022 with 120+ employees.

AI software engineering platform building autonomous agents

Fundraising Details

• Amount Raised: $320M
• Round Type: Series D
• Valuation: $1.5B
• Date: 2025-10-13
• Investors: Nat Friedman, Daniel Gross, Elad Gil

About Magic

AI software engineering platform building autonomous agents The company is positioned in the AI/ML sector, serving a growing market with innovative solutions.

Key Information

• Headquarters: San Francisco, CA
• Founded: 2022
• Team Size: 120+
• Industry: AI/ML

What This Means

This funding round demonstrates strong investor confidence in Magic's vision and execution. The capital will likely be used to:

• Scale Operations: Expand the team and operational capacity
• Product Development: Enhance existing products and develop new features
• Market Expansion: Enter new markets and strengthen presence in existing ones
• Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The AI/ML sector continues to attract significant investment as companies innovate to meet evolving market demands. Magic's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $1.5B valuation marks an important milestone for Magic, positioning the company among notable players in the AI/ML industry.

Looking Ahead

With this new capital, Magic is well-positioned to execute on its growth strategy and continue building innovative solutions in the AI/ML space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2025-10-13. For more information about Magic, visit their headquarters at San Francisco, CA.