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Magic
Advanced code models for virtual coworkers
- 21-100 employees
- B2B
- Artificial Intelligence
- Deep Tech
- SaaS
- SoMa, San Francisco, CA
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Company mission
To automate AI research and code generation to improve models and solve alignment more reliably than humans can alone.
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Our take
Magic is a startup that uses AI to help with coding. It supplies a set of tools that can write and manage code for software projects, almost like having a smart assistant that understands programming. Interestingly, its technology can handle large amounts of code and remember details over long stretches of work.
The aim is to make things easier by automatically performing tasks such as writing new code, fixing issues and planning changes. This means developers can get help with their coding work without having to do everything manually.
The company has raised good funding from several high-profile investors. And it's also teamed up with Google Cloud to build powerful computer systems to support its AI tools. With this funding and partnership, Magic will advance its technology and work towards creating even more advanced AI in the future.
Kirsty
Company Specialist at Welcome to the Jungle
Benefits
- Equity: Significant equity compensation
- Retirement savings: 401K with 6% salary matching
- Healthcare: Health, dental and vision insurance for you and your dependents
- Time off: Unlimited paid time off to support balance in your work and life
- Office catering: Chef-prepared lunch and dinner
- Wellbeing: Access to mental health, financial wellbeing, and telehealth programs
Company values
- Integrity: Words and actions should be aligned
- Hands-on: At Magic, everyone is building
- Teamwork: We move as one team, not n individuals
- Focus: Safely deploy AGI. Everything else is noise
- Quality: Magic should feel like magic
Funding (last 2 of 4 rounds)
Aug 2024
$320m
LATE VC
Feb 2024
$117m
SERIES B
Total funding: $465m
This company has top investors
Leadership
Eric Steinberger
(Co-Founder & CEO)Also Founder and Chair of the Board at ClimateScience. Previously a Researcher of Deep Reinforcement Learning at Facebook AI.
Sebastian De Ro
(Co-Founder)Previously worked at FireStart for over 3 years, beginning as a Development Lead and ultimately becoming CTO. Prior to that, they were a Senior Software Engineer at ÖBB and a Lead Developer at twinformatics.
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