# Magic funding rounds and investors

As of 13 Oct 2026, Magic has raised $437M across 2 verified rounds on record; latest: $320 million fundraising round, announced 29 Aug 2024.

Magic builds frontier code models to automate software engineering and AI research, targeting organizations and researchers involved in AI development.

Website: https://magic.dev  
Headquarters: San Francisco  
Page: https://fireround.dev/companies/magic.dev

## Verified rounds

| Announced | Round | Amount | Lead investors | Other investors | Sources |
| --- | --- | --- | --- | --- | --- |
| 2024-08-29 | Fundraising round | $320 million | not stated | Eric Schmidt, CapitalG, Atlassian Ventures, Elad Gil, Jane Street, Nat Friedman, Daniel Gross, Sequoia Capital | [techcrunch.com](https://techcrunch.com/2024/08/29/generative-ai-coding-startup-magic-lands-320m-investment-from-eric-schmidt-atlassian-and-others) |
| 2024-02-16 | Series B | $117 million | Daniel Gross’s NFDG Ventures | CapitalG, Elad Gil | [maginative.com](https://www.maginative.com/article/magic-ai-secures-117-million-to-build-an-ai-software-engineer) |

Source: Fireround (https://fireround.dev), an open-source funding feed. Each round is checked against the pages listed with it.