San Francisco, CA · Founded 2022 · Privately Held (backing)
Operator of a software development company intended to build an aligned and complete artificial intelligence. Magic is based in San Francisco, CA and was founded in 2022. Its last reported valuation was $3.8 billion in Jul 2025. It has raised $1 billion.
Last reported valuation
$3.8B
Oct 2026
Priced at
—
Total raised
$1.0B
Last round
—
Cap table — not yet on record
Magic's share-class structure hasn't surfaced in our sources yet. Cap tables are assembled from certificates of incorporation, round filings, and disclosures as they land.
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