Magic AI, Inc.
PrivateLast Round
Series C
Aug 29, 2024
Est. Valuation
$1.5B
Total Funding Raised
$517M
Company Overview
Magic AI, Inc. is an artificial intelligence company that develops frontier code models and AI-powered software engineering tools to automate research and code generation.
Sector
AI, Data & Cloud Infrastructure
Verticals
NLP & Conversational AI, DevOps & Containers
Business Model
B2B
Customer Profile
Subscription SaaS, Usage-Based SaaS
AI Layer
Foundation
Keywords
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Magic AI, Inc. Comparables
Compare Magic AI, Inc. with similar companies based on industry and business-model similarity.
| Company | Similarity | Market Cap |
|---|---|---|
| Sourcegraph | 85% | |
| Factory AI | 84% | |
| StackBlitz | 84% |
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Magic AI, Inc. Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Series C | Aug 29, 2024 | ||||
| Early Funding | Feb 26, 2024 | ||||
| Series B | Feb 19, 2024 | ||||
| Strategic | May 31, 2023 | ||||
| Series A | Feb 6, 2023 | ||||
Seed | Jul 1, 2022 |
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Key People
Founding team and executive leadership
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Magic AI, Inc. Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Cherubic Ventures | Strategic |
| PayPal Ventures | Strategic |
| Jane Street | Series C |
| Northzone | Strategic |
| Sequoia Capital | Series C |
| KasikornX Venture Capital | Strategic |
| Amplify Partners | Series A, Seed |
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Market signals
Structured signals derived from secondary market and firmographic data.
- Jun 16, 2026
Monthly visitors increased 58% MoM.
- Apr 9, 2026
Job posting references 'Magic-Attention' compute kernels.
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Magic AI, Inc. Filings
Explore SEC and related filing metadata, where available.
| Type | Date | Amount Offered | Amount Sold | Filing | Pages | Download |
|---|
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Frequently Asked Questions
Common questions about Magic AI, Inc.'s valuation, stock price, and market status.
Is Magic AI, Inc. a public or private company?
Magic AI, Inc. is a private company.
What is the current stock price of Magic AI, Inc.?
Magic AI, Inc. is a private company, so its shares have no public market price. Caplight tracks Magic AI, Inc.'s secondary market activity and provides MarketPrice™ estimates of its share price to Caplight users.
How much is Magic AI, Inc. worth (valuation)?
Magic AI, Inc.'s valuation is estimated at $1.5B based on funding round data.
Can I buy Magic AI, Inc. stock?
Magic AI, Inc. shares may be available on secondary markets subject to transfer restrictions. Caplight facilitates secondary market transactions for accredited investors.
When was Magic AI, Inc.'s last funding round?
Magic AI, Inc.'s most recent funding round was Series C on August 29, 2024.
Who are the main investors in Magic AI, Inc.?
Key investors in Magic AI, Inc. include PayPal Ventures, CapitalG.
Will Magic AI, Inc. IPO soon?
No public IPO plans have been announced for Magic AI, Inc..
How can I track Magic AI, Inc. secondary market activity?
Caplight tracks bids, offers, and trades in Magic AI, Inc.'s shares on secondary markets.