AI-powered coding agents for automated software engineering tasks built in Europe.
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Magic, founded by Eric Steinberger and Sebastian De Ro (2022), builds AI "colleagues" for developers. Ultra-long context windows using "Long-term Memory Network." Raised $320M (Aug 2024), total funding $465M+ from Sequoia, CapitalG, Atlassian, Eric Schmidt.
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37
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Frequently Asked Questions
What does Magic do?
Magic, founded by Eric Steinberger and Sebastian De Ro (2022), builds AI "colleagues" for developers. Ultra-long context windows using "Long-term Memory Network." Raised $320M (Aug 2024), total funding $465M+ from Sequoia, CapitalG, Atlassian, Eric Schmidt.
How much funding has Magic raised?
Magic has raised a total of $465M in funding. The most recent round on record is Series B.
Where is Magic headquartered?
Magic is headquartered in Berlin, Germany.
When was Magic founded?
Magic was founded in 2022.
What industry does Magic operate in?
Magic operates in Artificial Intelligence, Developer Tools, Code Generation, Agents, Software Engineering, NeoLab.
How many employees does Magic have?
Magic has approximately 37 people on record.