Magic key facts
as of Oct 2026- Operator of a software development company intended to build an aligned and complete artificial intelligence.
- Magic is valued at approximately $3.8B as of Oct 2026 (last reported valuation).
- It has raised $1.0B; the latest was Later Stage VC ($550.0M) in Jul 2025.
- Notable investors include Sequoia Capital, Gaingels, Quiet Capital, Elad Gil, Sound Ventures — 32 tracked in total.
- Status: Privately Held (backing).
Magic's last reported valuation, Jul 2025. Nothing priced has surfaced since.
- ·The complete investor list: 32 names
- ·Watch Magic: the Monday email on marks, rounds and moves
Magic funding rounds
No funding rounds for Magic are on record yet — either the company hasn't raised institutional capital, or the raise hasn't surfaced in our sources.
Who backs Magic
32+Membership and data by Private Market View
Magic valuation
Magic's last reported valuation was $3.8 billion in Jul 2025. No priced round, secondary trade or fund mark has surfaced since.
Magic investors
32 investors are on record for Magic, including Sequoia Capital, Gaingels, Quiet Capital and Elad Gil. By type, the record holds 6 venture capital firms, 5 angel investors and 2 growth equity firms.
About Magic
Operator of a software development company intended to build an aligned and complete artificial intelligence. The company's platform develops reliable ways to align with human values, offers reinforcement learning that teaches artificial intelligence through trial and error, and provides systems that typically pick up a vast amount of information during training and then use it during inference, enabling developers to find, consider, and reuse code to automate software engineering and research.
- Sector
- Information Technology
- HQ
- San Francisco, CA, United States
- Founded
- 2022
- Employees
- 20
- Website
- magic.dev/
- Ownership
- Privately Held (backing)
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