Magic Stock

magic.devEnterprise Software / Data IntelligenceFounded: 2022Funding to Date: $466.22MM

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​.

Register To Buy and Sell Private Company Shares

For more details on private stock price information, financing and valuation for Magic, register or login.
Please provide a valid email address.

By registering, you agree to Forge’s Terms of Use. Already registered? Log in

Private Market Pricing DetailsValuation & Financings

Magic Stock Price

Forge Price 1
Price not yet available
Last Closed Trade 2
Close Date
xx/xx/xx
Last Closed Trade Price
$xx.xx
Last Funding Round (LFR)
Date
xx/xx/xx
Price per Share
$xx.xx

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 CapitalG, Atlassian Ventures, Elad Gil, Jane Street Capital, Nat Friedman, Daniel Gross, Sequoia Capital, Eric Schmidt
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
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
CapitalG, Atlassian Ventures, Elad Gil, Jane Street Capital, Nat Friedman, Daniel Gross, Sequoia Capital, Eric Schmidt
02/12/2024 Series B $117.33MM $xx.xx $565.77MM NFDG Ventures, CapitalG, Elad Gil
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
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
NFDG Ventures, CapitalG, Elad Gil
02/06/2023 Series A $23MM $xx.xx $120.81MM CapitalG, Nat Friedman, Elad Gil, Amplify Partners, Noam Brown, Mehdi Ghissassi, Bryan Pellegrino, Arthur Breitman, 10x Founders, William Tunstall-Pedoe, Adam Hafer & Fredrik Hjelm, Klaudius Kalcher & Roland Boubela, Xavier Sarras, Florian Huber, Daniel Dippold
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
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
CapitalG, Nat Friedman, Elad Gil, Amplify Partners, Noam Brown, Mehdi Ghissassi, Bryan Pellegrino, Arthur Breitman, 10x Founders, William Tunstall-Pedoe, Adam Hafer & Fredrik Hjelm, Klaudius Kalcher & Roland Boubela, Xavier Sarras, Florian Huber, Daniel Dippold
06/30/2022 Series A-6 $240,592 $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
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Undisclosed Investors
06/30/2022 Series A-5 $501,245 $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
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
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
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
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
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Undisclosed Investors
06/30/2022 Series A-2 $751,881 $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
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Undisclosed Investors
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
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Undisclosed Investors

Magic investors also invested in these private companies

Klaudius Kalcher & Roland Boubela
Jane Street Capital
Nfdg Ventures
Xavier Sarras
Noam Brown
ROI Ventures
Adam Hafer & Fredrik Hjelm
Mehdi Ghissassi
Bryan Pellegrino
10x Founders
Florian Huber
Arthur Breitman
William Tunstall-Pedoe
Daniel Dippold

Magic stock FAQs

plusminus

Can you buy Magic stock?

As Magic is not publicly traded, purchasing its stock is not available to everyone. To buy the stock of a private companies like Magic, you must be an accredited investor. If you meet the accreditation criteria, you can register for Forge’s Secondary Marketplace to buy private market stock. If you are not accredited, find out how to begin the process and qualify for new investment opportunities.
plusminus

How to buy Magic stock?

To invest in a private company like Magic through Forge, you must first qualify as an accredited investor. (Learn more about the accreditation process.)

  1. Create a free account to access Forge’s marketplace.
  2. Express your interest in specific investments. Within Forge Markets, you will find detailed pricing and financing information for thousands of private companies.
  3. Throughout this process, a dedicated Forge Private Market Specialist will be available to address any questions you may have and to guide you seamlessly through each step of the transaction.
plusminus

Can you sell Magic stock?

Yes, you may sell the Magic stock you currently own. Forge can help you facilitate the sale of your stock in a manner that aligns with your needs and the company’s interests. If you are looking for liquidity, register with us today to begin the process. A dedicated Forge Private Market Specialist will be available to address any questions you may have along the way.
plusminus

How to sell Magic stock?

If you hold private company shares of Magic – whether as an employee or an early investor – Forge can help you sell them.

  1. Create a free Forge account, this will give you access to Forge’s marketplace and to one of our experienced Private Market Specialist to answer any questions you might have.
  2. Indicate your interest to sell your Magic on our platform.
  3. Work with your dedicated Private Market Specialist who’ll help guide you through every step of the transaction.
plusminus

Is Magic a public company?

No, Magic is a privately held company and is currently not publicly traded on any stock markets including NYSE or NASDAQ.
plusminus

What is Magic’s stock price?

Magic is a privately held company and therefore does not have a public stock price. However, you may access Magic private market stock price with Forge Data.
plusminus

What is Magic’s stock ticker symbol?

Magic does not have an official ticker symbol because this company is not currently publicly traded.
plusminus

Can institutional investors buy and sell private market stocks?

Yes. As one of the largest trading platform for the private market, Forge helps institutional investors seek liquidity as they buy and sell private stock for their portfolios or their clients. Our private market specialists have decades of experience working with institutional firms. Learn more or register today to get started.

Magic’s news and media highlights

There are currently two ways for AI models to learn things: training, and in-context during inference. Until now, training has dominated, because contexts are relatively short. But ultra-long context could change that. Instead of relying on fuzzy memorization, our LTM (Long-Term Memory) models are trained to reason on up to 100M tokens of context given to them during inference.
Magic, an AI startup creating models to generate code and automate a range of software development tasks, has raised a large tranche of cash from investors, including ex-Google CEO Eric Schmidt. 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.
Updated on: Nov 17, 2024

PLEASE READ THESE IMPORTANT LEGAL NOTICES & DISCLOSURES

1. Forge Price™ is a custom data-point calculated and disseminated by Forge Data LLC (“Forge Data”) and is a mark of Forge Data. Forge Price may rely on a very limited number of inputs in its calculation. Forge Price is prepared and disseminated solely for informational purposes. Redistribution is permitted solely with Forge’s written consent. While Forge has obtained information from sources it believes to be reliable, Forge does not perform an audit or undertake any duty of due diligence or independent verification of any information it receives. Forge does not guarantee the accuracy, completeness, timeliness, or availability of Forge Price, and are not responsible for any errors or omissions, regardless of the cause, or any results obtained from the use of Forge Price. Forge Price is derived from secondary activity on the Forge platform and other private market trading platforms, and other publicly-available datapoints collected by Forge.  Forge Price is not intended to, and does not necessarily, represent the market price of any securities (I.e., the price at which you could buy or sell such securities). Neither reference to company names, nor calculation of Forge Price for a specific company, implies any affiliation between Forge and that company, any endorsement or sponsorship by Forge of any company or vice versa, or any partnership, joint venture or other commercial relationship between Forge and any company. Rights with respect to any company marks referred to herein are owned by the company.

2. The Last Closed Trade price displayed reflects the price at which the last trade in this company's security occurred on Forge, and can include secondary trades in any class of the company's security, or trades in units of funds holding the company's securities (the economics of which differ versus direct company ownership). The date displayed reflects the date on which the last trade in this company's security closed on Forge. This may be several weeks after the terms of the trade were agreed upon between the buyer and seller. In case of multiple trades closed on the same date, the price displayed is of either (i) the trade which terms were agreed upon most recently; or (ii) the trade with the higher notional value.

‘Stock Price’ or other private company metrics (‘PC Data’) may rely on a very limited number of trade and/or IOI inputs in their calculation. PC Data is prepared and disseminated solely for informational purposes. While Forge has obtained information from sources it believes to be reliable, Forge does not perform an audit or undertake any duty of due diligence or independent verification of any information it receives. Forge does not guarantee the accuracy, completeness, timeliness, or availability of PC Data, and are not responsible for any errors or omissions, regardless of the cause, or any results obtained from the use of PC Data. PC Data is derived from the performance and pricing of secondary activity on the Forge platform and other private market trading platforms. PC Data is not intended to, and does not necessarily, represent the market price of any securities (I.e., the price at which you could buy or sell such securities). Reference to company names does not imply any affiliation between Forge and that company, any endorsement or sponsorship by Forge of any company or vice versa, or any partnership, joint venture or other commercial relationship between Forge and any company. Rights with respect to any company marks referred to herein are owned by the company.

Public news articles listed on this page have been curated by Forge based on several factors including, but not limited to, product updates, changes in organization structure, funding rounds, third-party valuations, and key personnel changes. Changes to this list of articles can be made at any time without notice and should not be relied upon for investment purposes. Forge does not verify the accuracy of the information contained in public news articles.

Investing in private company securities is not suitable for all investors, is highly speculative, is high risk, and investors should be prepared to withstand a total loss of their investment. Private company securities are highly illiquid and there is no guarantee that a market will develop for such securities. Each investment carries its own risks, and investors should conduct their own due diligence regarding the investment, including obtaining independent professional advice. Past performance is not indicative of future results. This is not a recommendation, offer, solicitation of an offer, or advice to buy or sell securities by Forge, nor an offer of brokerage services in any jurisdiction where Forge is not permitted to offer brokerage services. Brokerage products and services are offered by Forge Securities LLC, a registered broker-dealer and member FINRA/SIPC. Please see other important disclaimers, disclosures and restrictions you acknowledge by using this website and to which you are subject.