Company record
Magic
Updated November 2, 2026 · Presspool
Magic builds frontier code models to automate software engineering and research. magic.dev
Funding
- $320M, round type not disclosed, announced August 29, 2024. Sources: magic.dev.
Whether AI names Magic
- On the AI coding map: named or cited in 1 of 53 answers to Presspool's AI coding questions on November 2, 2026 (ChatGPT 0 of 8, Claude 0 of 8, Perplexity 1 of 8, Gemini 0 of 8, Copilot 0 of 8, Google AI Mode 0 of 8, Google AI Overviews 0 of 5). See the map. Of the 32 companies on the map, Magic ranked joint 19th by answers naming or citing it in that sample. The other companies AI names most on AI coding questions: Cursor (39 of 53), Cognition (27 of 53), Replit (19 of 53), Lovable (14 of 53) and Cline (13 of 53). Most often named in the same answers: Augment Code (1), Cline (1), CodeRabbit (1), Cognition (1), Cursor (1).
Week by week
Answers that named or cited Magic in each weekly sample of Presspool's AI coding questions, by the Monday of the sample week. A row is added every week.
| Week of | AI coding |
|---|---|
| September 28, 2026 | 6 of 56 |
| October 5, 2026 | 1 of 48 |
| October 12, 2026 | 0 of 52 |
| October 19, 2026 | 1 of 53 |
| October 26, 2026 | 1 of 55 |
| November 2, 2026 | 1 of 53 |
Related records
Also on the AI coding map: Anything, Augment Code, Bilt, Bolt.new, Builder.io, Cline, CodeRabbit, Cognition, Cursor, Emergent, Factory, Greptile and 19 more on the map.
Founders on the record
- Eric Steinberger, CEO & co-founder. Source.