Key facts
- Magic’s last known valuation is $3.8B (Jul 2025).
- It has raised $1.0B; the latest was Later Stage VC ($550.0M) in Jul 2025.
- Notable investors include Sequoia Capital, Gaingels, Quiet Capital, Elad Gil, Sound Ventures — 32 tracked in total.
- Status: Privately Held (backing).
- ·The complete investor list — 32 names
- ·Watchlist + deal alerts for Magic
- ·The full record, as it builds
Funding rounds
No funding rounds for Magic are on record yet — either the company hasn't raised institutional capital, or the raise hasn't surfaced in our sources.
About Magic
Operator of a software development company intended to build an aligned and complete artificial intelligence. The company's platform develops reliable ways to align with human values, offers reinforcement learning that teaches artificial intelligence through trial and error, and provides systems that typically pick up a vast amount of information during training and then use it during inference, enabling developers to find, consider, and reuse code to automate software engineering and research.
- Sector
- Information Technology
- HQ
- San Francisco, CA, United States
- Founded
- 2022
- Employees
- 20
- Website
- magic.dev/
- Ownership
- Privately Held (backing)
Magic doesn't have a composite mark yet — a PA Mark is published once enough pricing inputs exist (trade prints, fund marks, round prices). The rest of the record below builds toward it.
Recorded secondary trades
No secondary trades in Magic shares have been recorded yet. When a print lands — third-party, direct report, or platform — it appears here with structure, source, and price.
Institutional fund marks
No SEC-registered fund has reported a fair-value mark on Magic in its N-PORT filings yet. We sweep new filings monthly.