As of 13 Oct 2026, Magic has raised $437M across 2 verified rounds on record; latest: $320 million fundraising round, announced 29 Aug 2024.
1 source
The article mentions Magic was valued at $500 million in February, but says its current valuation could not be ascertained; that historical valuation is not for this round.
Published by hand (techcrunch.com): "In a blog post on Thursday, Magic said that it closed a $320 million fundraising round with contributions from Schmidt, as well as Alphabet’s CapitalG, Atlassian, Elad Gil, Jane Street, Nat Friedman and Daniel Gross, Sequoia and others.": brand backfill: the cited page states the round's $320 million
1 source
The source states that the round brings Magic’s total funding to over $145 million; this is cumulative funding, not the Series B amount.
Published by hand (maginative.com): "San Francisco-based startup Magic AI has raised $117 million in Series B funding to further develop its advanced AI system aimed at automating software development.": brand backfill: the cited page states the round's $117 million
| Round | Amount | Announced | Lead | Buzz |
|---|---|---|---|---|
| Fundraising round fundraising round [ HISTORY ]: An earlier round, from the company's own announcement, found while researching the company. Checked like any round, but not new, so it stays out of the daily feed and alerts; a date range shows it. | $320M $465M to date | 2024-08-29 | not stated | No recent discussion |
1 source [ VERIFIED · CORRECTED ] read against 1 source The article mentions Magic was valued at $500 million in February, but says its current valuation could not be ascertained; that historical valuation is not for this round. Published by hand (techcrunch.com): "In a blog post on Thursday, Magic said that it closed a $320 million fundraising round with contributions from Schmidt, as well as Alphabet’s CapitalG, Atlassian, Elad Gil, Jane Street, Nat Friedman and Daniel Gross, Sequoia and others.": brand backfill: the cited page states the round's $320 million | ||||
| Series B [ HISTORY ]: An earlier round, from the company's own announcement, found while researching the company. Checked like any round, but not new, so it stays out of the daily feed and alerts; a date range shows it. | $117M $145M to date | 2024-02-16 | Daniel Gross’s NFDG Ventures | No recent discussion |
1 source [ VERIFIED · CORRECTED ] read against 1 source
The source states that the round brings Magic’s total funding to over $145 million; this is cumulative funding, not the Series B amount. Published by hand (maginative.com): "San Francisco-based startup Magic AI has raised $117 million in Series B funding to further develop its advanced AI system aimed at automating software development.": brand backfill: the cited page states the round's $117 million [ BUILT WITH ]·[ SEARCH ]found by Firecrawl search·[ SCRAPE ]1 page read: maginative.com·[ JSON ]round read into a schema, with the sentence that states it·[ VERIFY ]correctedchecked against 1 source·[ BRANDING ]logo and colour from the homepage | ||||