Magic Magic IPO
$1.5B
Series C Valuation, Aug 2024
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Company Details
Magic is a technology company which offers frontier-scale AI models for code generation and automation to developers and enterprises. This company was founded by Eric Steinberger and Sebastian De Ro in 2022 and is headquartered in San Francisco, CA. Magic’s platform combines large-scale pre-training, domain-specific reinforcement learning, and ultra-long context models to automate AI research and code creation. The company aims to accelerate advancements in artificial general intelligence (AGI) by providing powerful tools designed to help organizations build more efficient AI-driven systems​.
Founded
2022
Forge Price 1
Price not yet available
Post-Money Valuation 3
$1.5B
Total Funding
$1.08B
LFR Price per Share
$xx.xx
Last Funding Share Class
Series C

Learn More About Magic

To invest in Magic pre-IPO

Can you invest in Magic pre-IPO?

Magic is a privately held company and is not publicly traded, therefore investing in Magic pre-IPO is only available to accredited investors. If you meet the accreditation criteria, you can learn more about Forge’s Secondary Marketplace and how to invest in private companies before their potential IPO. If you are not accredited, find out how to begin the process and qualify for new investment opportunities.

Can you sell shares of Magic before it goes public?

You can seek to sell your shares in Magic while it remains private. If you are considering selling, you can register today for free to get started. Once registered, a Private Market Specialist will guide you through any questions you might have. You may also continue to browse through our resources to help you understand the implications and procedures involved in selling your private market shares.

What is the pre-IPO value of my Magic shares?

To determine the value of your Magic shares, create a free account to gain access to Forge’s platform. In addition to the Forge Price, Forge Markets contains pricing information for hundreds of pre-IPO companies such as Last Closed Trade Price. A Private Market Specialist will also be available to assist you with any inquiries related to your Magic shares. You can also learn more about how to sell your private shares before getting started.

Is Magic a publicly traded company?

If you are interested in buying or selling private company shares, you can register with Forge today for free to explore your options. Registering gives you access to one of our Private Market Specialists who can guide you through the process of buying or selling. Learn more about how Forge might help you buy pre-IPO shares or sell pre-IPO shares.

To learn more about Magic potential IPO

Will Magic go IPO?

Magic has not yet filed for an IPO. However, it’s important to note that IPOs are not the sole avenue for a private company to transition to public trading. Private companies can also go public through alternative methods such as but limited to Special Purpose Acquisition Companies (SPACs), direct listings, or mergers and acquisitions. Find out which companies are eyeing an IPO on our Tech IPO Calendar 2025.

What is Magic’s IPO price?

The Magic IPO price does not exist at this time, as Magic is still a private company and has not yet conducted an IPO. To explore secondary market data and access private market pricing details and data that may be related to Magic register for Forge Markets, today.

When was Magic founded?

Magic was founded in 2022.

What is Magic funding to date?

Magic has raised $1.08B to date.
Magic Major Investors
Klaudius Kalcher & Roland Boubela
Jane Street Capital
Atlassian Ventures
Nfdg Ventures
Xavier Sarras
Noam Brown
ROI Ventures
Adam Hafer & Fredrik Hjelm
Eric Schmidt
Mehdi Ghissassi
Bryan Pellegrino
Nat Friedman
10x Founders
Capitalg
Sequoia Capital
Florian Huber
Undisclosed Investors
Amplify Partners
Arthur Breitman
Elad Gil
Atlassian
William Tunstall-Pedoe
Daniel Dippold
Daniel Gross
Quiet Capital

Magic Funding Rounds and Valuation

Funding History Chart
Funding Round Details
Funding Date Share Class Amount Raised Price per Share Post-Money Valuation Key Investors
08/29/2024 Series C $320.75MM $xx.xx $1.5B Atlassian Ventures, Capitalg, Daniel Gross, Elad Gil, Eric Schmidt, Jane Street Capital, Nat Friedman, Sequoia Capital
Price per Share
$xx.xx
Shares Outstanding
4,556,103
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Atlassian Ventures, Capitalg, Daniel Gross, Elad Gil, Eric Schmidt, Jane Street Capital, Nat Friedman, Sequoia Capital
02/12/2024 Series B $117.33MM $xx.xx $565.77MM Capitalg, Elad Gil, Nfdg Ventures
Price per Share
$xx.xx
Shares Outstanding
3,517,659
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Capitalg, Elad Gil, Nfdg Ventures
02/06/2023 Series A $23MM $xx.xx $120.81MM 10x Founders, Adam Hafer & Fredrik Hjelm, Amplify Partners, Arthur Breitman, Bryan Pellegrino, Capitalg, Daniel Dippold, Elad Gil, Florian Huber, Klaudius Kalcher & Roland Boubela, Mehdi Ghissassi, Nat Friedman, Noam Brown, William Tunstall-Pedoe, Xavier Sarras
Price per Share
$xx.xx
Shares Outstanding
2,001,039
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
10x Founders, Adam Hafer & Fredrik Hjelm, Amplify Partners, Arthur Breitman, Bryan Pellegrino, Capitalg, Daniel Dippold, Elad Gil, Florian Huber, Klaudius Kalcher & Roland Boubela, Mehdi Ghissassi, Nat Friedman, Noam Brown, William Tunstall-Pedoe, Xavier Sarras
06/30/2022 Seires A-1 $1.1MM $xx.xx $42.03MM Undisclosed Investors
Price per Share
$xx.xx
Shares Outstanding
453,438
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
06/30/2022 Series A-2 $751,881.98 $xx.xx $42.03MM Undisclosed Investors
Price per Share
$xx.xx
Shares Outstanding
154,581
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
06/30/2022 Series A-3 $1MM $xx.xx $42.03MM Undisclosed Investors
Price per Share
$xx.xx
Shares Outstanding
183,207
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
06/30/2022 Series A-4 $1.54MM $xx.xx $42.03MM Undisclosed Investors
Price per Share
$xx.xx
Shares Outstanding
253,096
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
06/30/2022 Series A-5 $501,245.54 $xx.xx $42.03MM Undisclosed Investors
Price per Share
$xx.xx
Shares Outstanding
74,947
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
06/30/2022 Series A-6 $240,592.90 $xx.xx $42.03MM Undisclosed Investors
Price per Share
$xx.xx
Shares Outstanding
32,976
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
Private Companies Exploring an IPO
Last Funding Round
Company Forge Price Forge Price Change 5 Last Closed Trade Share Class Post-Money Valuation Price per Share Amount Raised
CerebrasCerebras$40.08+9.9%$xx.xxSeries F-1$2.84B$xx.xx$85MM
CoreWeaveCoreWeave$1,149.84+18.78%$xx.xxSeries C$19B$xx.xx$1.15B
ChimeChime$24.86-0.04%$xx.xxSeries G$24.93B$xx.xx$1.1B
KlarnaKlarna$370.00-1.33%$xx.xxUnknown$6.7B$xx.xx--
TuroTuro$13.51-0.3%$xx.xxSeries E$1.24B$xx.xx$240.52MM
CircleCircle$24.71+2.49%$xx.xxSeries F$8.05B$xx.xx$401MM
NetskopeNetskope$11.07+2.98%$xx.xxSeries H$7.5B$xx.xx$300MM
Liquid DeathLiquid Death$9.47-0.11%$xx.xxSeries F-1$1.4B$xx.xx$67.61MM
CohesityCohesity$15.66-18.31%$xx.xxSeries H-1$4.69B$xx.xx$27.5MM
MNTNMNTN----$xx.xxSeries D$2.21B$xx.xx$119MM

Updated on: Jan 17, 2025

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