Magic seeks $200M in new funding round to reach $1.5B valuation, led by investors including Jane Street
Amount Raised
$200 Million
Round Type
Funding Round
Investors
Description
Magic, a U.S. startup focusing on AI coding with no revenue or product for sale, is in talks to raise over $200 million in a funding round. The round is expected to value the company at $1.5 billion, tripling its previous valuation. Investors such as Jane Street are expected to lead the round.
Quick answer
Magic AI raised $200 Million in a Funding Round round, dated July 2, 2024. Investors: Alphabet's Capital G, Nfdg Ventures, Daniel Gross, Nat Friedman and Jane Street.
- How much did Magic AI raise?
- Magic AI raised $200 Million in a Funding Round round on July 2, 2024.
- Who invested in Magic AI?
- Alphabet's Capital G, Nfdg Ventures, Daniel Gross, Nat Friedman and Jane Street are named as investors in this round.
- What does Magic AI do?
- MAGIC is the first in the world to allow users to perform exercises in front of an intelligent hologram mirror which uses our own custom computer vision software to correct real-time form, rep count, and give live..
- Where is Magic AI based and how big is it?
- Fundz records about 49 employees.
- Who are the decision-makers at Magic AI?
- Fundz holds 2 contacts at Magic AI. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Fitness and Wellness around the same time
Companies in the same sectors as Magic AI that raised within 45 days of this round, from Fundz verified event records.
- Hapana raised $17M (Series A) on August 12, 2024.
- Create Wellness raised $7.3M on July 29, 2024.
- Push30 raised $3.5M (Series A) on July 15, 2024.
- PreActiv raised $653K (Pre-Seed) on July 8, 2024.
- Amocare raised $400K (Pre-Seed) on July 2, 2024.
- Polari Group raised $539K (Pre-Seed) on June 27, 2024.
Who to call at Magic AI, and when
A new round usually means Magic AI is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Magic AI raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Magic AI, from your own LinkedIn network
Works inside ChatGPT and Claude. Ask who to call at Magic AI. With Fundz connected, it knows.
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Fundz sees it the moment Magic AI raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
Magic AI raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
145 of these a day, filtered to the companies you pick, with the decision-maker attached.
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