Magic, founded in 2022 in San Francisco, CA, is an AI software company building frontier code models to automate software engineering and research. The company develops LTM (long-term memory) models with 100M-token context windows and an AI software engineering coworker. Magic has raised $515 million in total funding across multiple rounds, with key investors including Nat Friedman, Daniel Gross, CapitalG, Elad Gil, Sequoia, Jane Street, Eric Schmidt, Atlassian, Amplify Partners, Noam Brown, Mehdi Ghissassi, Bryan Pellegrino, Arthur Breitman, and 10x Founders.
Magic partners with Google Cloud and operates thousands of GB200s to power its AI infrastructure. The company published its AGI Readiness Policy v1.0 in July 2024 with METR, focusing on safe AGI development. Magic employs 51-200 people and continues to advance AI capabilities for software automation and research.
