Fundz

Magic.Dev Raises $28 Million To Build Ai Software Engineer

PRIVATEFeb 06, 2023

Amount Raised

$28 Million

Round Type

Funding Round

San FranciscoSoftwareArtificial IntelligenceMachine LearningNatural Language ProcessingLanguage Learning

Investors

Capital GAmplify PartnersElad GilNat FriedmanAlphabet's Capital G

Description

Magic.dev, a new startup that is developing an AI-powered software engineer, announced a $23 million Series A led by Alphabet's independent growth fund, CapitalG, with participation from prominent investors Nat Friedman, Elad Gil, and Amplify Partners. This brings the company's total funding to $28 million.

Quick answer

Magic raised $28 Million in a Funding Round round, dated February 6, 2023. Investors: Capital G, Amplify Partners, Elad Gil, Nat Friedman and Alphabet's Capital G. Magic is based in San Francisco, California, United States.

How much did Magic raise?
Magic raised $28 Million in a Funding Round round on February 6, 2023.
Who invested in Magic?
Capital G, Amplify Partners, Elad Gil, Nat Friedman and Alphabet's Capital G are named as investors in this round.
What does Magic do?
Magic is working on frontier-scale code models to build a coworker, not just a copilot.
Where is Magic based and how big is it?
Magic is based in San Francisco, California, United States.
Who are the decision-makers at Magic?
Fundz holds 1 contact at Magic, including the CTO. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Natural Language Processing and Language Learning around the same time

Companies in the same sectors as Magic that raised within 45 days of this round, from Fundz verified event records.

  • Verses Technologies raised an undisclosed amount (Convertible Note) on March 22, 2023.
  • Verses Technologies raised $189K (Seed) on March 21, 2023.
  • Seldon raised $24M (Series B) on March 16, 2023.
  • Amelia raised $175M on March 7, 2023.
  • Glider AI raised $10M (Series A) on March 7, 2023.
  • Cranium Al raised $7M on March 6, 2023.

Who to call at Magic, and when

A new round usually means Magic is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Magic raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Magic, from your own LinkedIn network

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Company Information

Company

Magic

Location

San Francisco, California, United States

About

Magic is working on frontier-scale code models to build a coworker, not just a copilot.

AI made execution free. Knowing first is the whole game now.

Fundz sees it the moment Magic raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

Related People

1 contact
Verified contactsSebastian De R., CTO hiddenSee plans and pricing
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Magic raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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