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​.

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Learn more about Magic

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Is Magic a publicly traded company?

Magic is a private company and not publicly traded.

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.

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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 through mergers and acquisitions. Find out which companies are eyeing an IPO on our Tech IPO Calendar 2024.

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What is Magic's IPO price?

The IPO price for Magic will be known only if it becomes public. However, you may access the "Price At Last Round" and the "Implied EV" for publicly traded comparable companies with Forge Data.
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Can you invest in Magic pre-IPO?

Magic is privately held company and is not publicly traded, therefor investing in Magic pre-IPO is only available to accredited investors. If you meet the accreditation criteria, you can register for Forge’s Secondary Marketplace to invest in private companies before their potential IPO. If you are not an accredited investor, discover how to begin the the process to potentially qualify for new investment opportunities.

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What is the value of my Magic shares?

To determine the value of your Magic shares, create a free account to gain access to Forge’s platform. Forge Markets contains pricing information for hundreds of pre-IPO companies. 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.

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Can you sell Magic before it goes public?

Yes, you can seek to sell 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.

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What is Magic's funding to date?

Magic has raised $466.22MM to date.
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When was Magic founded?

Magic was founded in 2022.

Who are Magic's 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 last known valuation

Date Funding Round Funding Raised Price per Share Last Known Valuation
8/29/2024

Series C

$320.75MM raised $XXX.XX $XXX.XX
2/12/2024

Series B

$117.33MM raised $XXX.XX $XXX.XX
2/6/2023

Series A

$23MM raised $XXX.XX $XXX.XX
6/30/2022

Series A-2, A-3, A-4, A-5, A-6 and Seires A-1

$5.14MM raised $XXX.XX $XXX.XX
Based on primary financings
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Updated on: Oct 23, 2024

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