Fundz

Capitalg Makes Series A Bet On Austrian/British Ai Assistant Startup Magic.Dev

PRIVATEFeb 07, 2023

Round Type

Series A

San FranciscoSoftwareArtificial IntelligenceMachine LearningNatural Language ProcessingLanguage Learning

Investors

ChaseCapital G

Description

CapitalG, the innovation fund linked to Google owner Alphabet, has invested in a $23 million series A round raised by Magic.dev, an Austrian/British-founded natural language AI assistant project for software engineers.

Quick answer

Magic raised an undisclosed amount in a Series A round, dated February 7, 2023. Investors: Chase and Capital G. Magic is based in San Francisco, California, United States.

How much did Magic raise?
Magic raised an undisclosed amount in a Series A round on February 7, 2023.
Who invested in Magic?
Chase and 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.
  • Glider AI raised $10M (Series A) on March 7, 2023.
  • Amelia raised $175M 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

Works inside ChatGPT and Claude. Ask who to call at Magic. With Fundz connected, it knows.

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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
Predictive Intelligence
Strategic

ML-powered predictions for Magic's next move

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Magic 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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