Magic
Frontier code models that automate software engineering and AI research, the company's stated path to safe AGI: frontier-scale pretraining plus domain RL, ultra-long context and inference-time compute.
- Founded
- 2022
- Headquarters
- San Francisco, CA
- Founders
- Eric Steinberger, Sebastian De Ro
- Now
- Website lists thousands of GB200s and a research update on more efficient pretraining toward trillion-parameter models. No public model or product found as of 2026-10-04. Daniel Gross, an investor, joined Meta in 2025.
Key people
- Eric Steinberger (CEO)
Funding
- 29 August 2024
- Amount
- $320M (total raised $465M at the time)
- Lead
- Eric Schmidt, CapitalG, Atlassian, Elad Gil, Jane Street, Nat Friedman and Daniel Gross, Sequoia and others (lead not stated)
- cumulative, as of 2026
- Amount
- $768M raised in total (company website)
- Lead
- Nat Friedman, Daniel Gross, CapitalG, Elad Gil, Sequoia, Jane Street, Eric Schmidt
Every funding round in the atlas
Sources
- magic.dev
- techcrunch.com/2024/08/29/generative-ai-coding-startup-magic-lands-320m-investment-from-er
- magic.dev/blog
- siliconangle.com/2025/07/03/safe-superintelligence-ceo-daniel-gross-joins-metas-new-ai-lab
This profile was checked and corrected against its sources on 6 October 2026. How we check