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
—

Who backs Magic?

32 investors
InvestorType
Sequoia CapitalVenture capital
GaingelsVenture capital
Quiet Capital—
Elad GilAngel
Sound VenturesVenture capital
Amplify PartnersVenture capital
CapitalGGrowth equity
Nat FriedmanAngel
10x FoundersVenture capital
Daniel GrossHigh net worth
+ 22 more investors · a free account shows the complete list
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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.

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