About Magic AI
Magic AI is a company based in San Francisco (United States) founded in 2022 by Sebastian De Ro and Eric Steinberger. Magic AI has raised $466.08 million across 4 funding rounds from investors including Atlassian, Jane Street and Eric Schmidt. The company has 7 employees as of December 31, 2023. Magic AI offers products and services including Frontier Code Models and Supercomputing Platform. Magic AI operates in a competitive market with competitors including Tabnine, Sourcegraph, Cognition, Augment and Reflection.Ai, among others.
- Headquarter San Francisco, United States
- Employees 7 as on 31 Dec, 2023
- Founders Sebastian De Ro, Eric Steinberger
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Sectors
Technology
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Email
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Phone
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Website
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Social
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- Legal Name Magic Ai
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$466.08 M (USD)
in 4 rounds
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Latest Funding Round
$320.75 M (USD), Series C
Mar 29, 2024
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Investors
Atlassian
& 14 more
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Employee Count
7
as on Dec 31, 2023
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Products & Services of Magic AI
Magic AI offers a comprehensive portfolio of products and services, including Frontier Code Models and Supercomputing Platform.
AI models for automating software engineering and research tasks
Platform supporting AI model training and inference operations
People of Magic AI
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Funding Insights of Magic AI
Magic AI has successfully raised a total of $466.08M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $320.75 million completed in March 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Magic AI
Magic AI has secured backing from 15 investors, including angel, institutional, and venture fund investors. Prominent investors backing the company include Atlassian, Jane Street and Eric Schmidt.
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Sequoia Capital is engaged in venture capital investments.
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Growth-stage companies are invested in by CapitalG, Alphabet's independent fund.
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Investor details for Magic AI
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
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Investments & Acquisitions by Magic AI
Investment portfolio details for Magic AI
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Financial Statements - Magic AI
Detailed financials for Magic AI
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Magic Ai Comparisons
Peer comparison for Magic AI
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Competitors of Magic AI
Magic AI operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Tabnine, Sourcegraph, Cognition, Augment and Reflection.Ai, among others.
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AI powered coding assistant for developers
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A platform for code search, analysis, and modification is developed.
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AI software engineer is developed to automate coding tasks.
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A platform for trading private shares in pre-IPO companies is provided by Augment.
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Provider of AI coding assistant
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Detailed competitors of Magic AI
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
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Latest news on Magic Ai
Complete news archive for Magic AI
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Frequently Asked Questions about Magic AI
Magic AI was founded in 2022.
Magic AI is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Eric Steinberger is the current CEO of Magic AI. They have also founded this company.
Magic AI is a funded company, having raised a total of $466.08M across 4 funding rounds to date.
As of Dec 31, 2023, the latest employee count at Magic AI is 7.
Magic AI was founded in 2022 and is headquartered in San Francisco, United States. Operations focus on the software development sector, where AI technologies are utilized for code completion and generation. Services enable editing of code across multiple repositories. The company is led by co-founders Sebastian De Ro and Eric Steinberger, with Steinberger serving as CEO. Domain activities are accessible via magic.dev.
Magic AI offers Frontier Code Models and Supercomputing Platform.
Magic AI has 15 investors. Key investors include Atlassian, Jane Street, Eric Schmidt, Sequoia Capital, and CapitalG.