# Magic

Company record · Presspool · https://presspool.ai/companies/magic-dev

Magic builds frontier code models to automate software engineering and research. Website: https://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](https://presspool.ai/niches/ai-coding). Most often named in the same answers: [Cognition](https://presspool.ai/companies/cognition-com) (2), [Cursor](https://presspool.ai/companies/cursor-com) (2), [Factory](https://presspool.ai/companies/factory-com) (1), [Replit](https://presspool.ai/companies/replit-com) (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](https://magic.dev)
- [Independent source](https://techcrunch.com/2024/08/29/generative-ai-coding-startup-magic-lands-320m-investment-from-eric-schmidt-atlassian-and-others/)
- [magic.dev](https://magic.dev/blog/100m-token-context-windows)

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