Company record

Magic

Updated September 28, 2026 · Presspool

Magic builds frontier code models to automate software engineering and research. magic.dev

Funding

Latest announced financing: $320M, announced August 29, 2024.

Whether AI names Magic

• On the AI coding map: named or cited in 2 of 40 answers to Presspool's AI coding questions on September 28, 2026 (ChatGPT 1 of 8, Gemini 0 of 8, Copilot 0 of 8, Google AI Mode 1 of 8, Google AI Overviews 0 of 8). See the map. Most often named in the same answers: Cognition (2), Cursor (2), Factory (1), Replit (1).

A company counts when an AI answer names it or cites its website. Answers vary from run to run, so each count is a dated sample.

Sources

• Own site
• Independent source
• magic.dev

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