# Magic

**Source:** https://www.startuphub.ai/startups/magic
**Profile type:** Startup

> AI-powered coding agents for automated software engineering tasks.

## About

Magic develops AI-driven tools designed to help software engineers code, review, debug, and plan changes. These tools function like an automated pair programmer, continuously learning and adapting to the context of different coding projects. The company aims to build safe AGI by automating AI research and code generation.

## Key facts

- **Slug:** magic
- **Website:** https://magic.dev
- **Location:** San Francisco, United States
- **Founded:** 2019-07-01
- **Employees:** 37
- **Operating status:** Active
- **Total funding:** $10M
- **Sectors / tags:** AI Coding Assistant, AI Copilot, Developer Tools, Foundation Model, Agentic AI, Software Engineering, AGI Research, Frontier AI Lab, Generative AI
- **Social:**
  - Twitter: https://twitter.com/magicailabs

## Frequently asked

### What does Magic do?

Magic develops AI-driven tools designed to help software engineers code, review, debug, and plan changes. These tools function like an automated pair programmer, continuously learning and adapting to the context of different coding projects. The company aims to build safe AGI by automating AI research and code generation.

### What is Magic's revenue?

StartupHub estimates Magic's annual revenue at $12.2M (range $6.4M to $16.9M, 63% confidence), based on comparable companies in the sector.

### What is Magic's valuation?

StartupHub estimates Magic's effective valuation at $1.4B (range $993.4M to $1.8B, 38% confidence), based on comparable companies in the sector.

### How much funding has Magic raised?

Magic has raised a total of $10M in funding.

### Where is Magic headquartered?

Magic is headquartered in San Francisco, United States.

### When was Magic founded?

Magic was founded in 2019.

### What industry does Magic operate in?

Magic operates in AI Coding Assistant, AI Copilot, Developer Tools, Foundation Model, Agentic AI, Software Engineering.

### How many employees does Magic have?

Magic has approximately 37 people on record.

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