Magic

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

—

How much has Magic raised?

$1.0Bacross 0 recorded rounds

Free account

More of Magic with a free account

·The complete investor list: 32 names
·Watch Magic: the Monday email on marks, rounds and moves

Create free account

No card required

Membership and data by Private Market View

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.

For fundraisers

Raising for a company like Magic?

32 investors have backed Magic.

See all 32 investors →

Frequently asked about Magic

How much has Magic raised?: Magic has raised $1.0B in total across 0 recorded funding rounds.