Magic
Frontier AI that codes for you.
About Magic
Long-context foundation model purpose-built for software engineering. Aiming for fully autonomous engineering agents.
Pitch deck breakdown
How Magic would pitch themselves.
Target customer
Companies + developers adopting AI in their stack — from indie builders to enterprise ML teams working on frontier ai that codes for you.
Problem they solve
Long-context foundation model purpose-built for software engineering. Aiming for fully autonomous engineering agents. The category has historically been served by tools that miss the modern workflow this product is built around.
Key differentiator
Magic differentiates on frontier ai that codes for you. Backed by Nat Friedman + Daniel Gross, $465M raised — the company has resources + validation to compound this thesis. Founded by Eric Steinberger + team.
Go-to-market strategy
Growth-stage GTM — multi-channel revenue motion (direct enterprise sales, channel partnerships, marketplace listings). Vertical specialisation + verticalised AE teams targeting enterprise + mid-market.
Company facts
- Category
- AI
- Funding stage
- Series B
- Total raised
- $465M
- Founded
- 2022
- Team size
- 11-50
- HQ
- San Francisco
- Country
- United States
- Website
- magic.dev
Founders of Magic
- Eric Steinberger
- Sebastian De Ro
Investors backing Magic
- Nat Friedman
- Daniel Gross
- CapitalG
Frequently asked questions
What does Magic do?
Long-context foundation model purpose-built for software engineering. Aiming for fully autonomous engineering agents.
Where is Magic based?
Magic is based in San Francisco, United States.
When was Magic founded?
Magic was founded in 2022.
How much has Magic raised?
Magic has raised $465M in their Series B round.
Who founded Magic?
Magic was founded by Eric Steinberger, Sebastian De Ro.
Who has invested in Magic?
Magic is backed by Nat Friedman, Daniel Gross, CapitalG.