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Magic

ai_ml · US · magic.dev

AI startup building models to automate code generation and software development.

Founders

Eric Steinberger (Austria · ♂) — An Austrian AI researcher from Meta who, after work in deep reinforcement learning, co-founded Magic to build an AI software engineer.
Sebastian De Ro (Austria · ♂) — A former CTO of Austrian BPM firm FireStart who met Steinberger through a climate nonprofit and co-founded Magic to automate software engineering.
Adam Jafer

Team & hubs

People & leadership

Eric Steinberger CEO @ MagicWes malenovsky Owner at MagicAdam Jafer Founder & CEO Pit | Co-founder VoiSebastian De Ro Co-founder @ Magic | Safely deploying AGIRoland Boubela AI Enthusiast | Angel Investor | co-Founder Hinetra

Funding history

Date	Round	Amount
Aug 2024	Funding round Magic landed $320M led by Eric Schmidt and others to scale its AI code-generation models, alongside a Google Cloud supercomputer partnership.	$320M
Jun 2023	Funding round San Francisco crypto-wallet company Magic raised $52M led by PayPal Ventures at a ~$500M valuation.	$52M

Investors

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Atlassian CapitalG Cherubic Eric Schmidt Jane Street Northzone PayPal Ventures Sequoia

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