Magic.dev, a San Francisco, CA-based startup that is developing an AI-powered software engineer, raised $23M in Series A funding.
The round, which brought total funding to $28M, was led by CapitalG, with participation from Nat Friedman, Elad Gil, and Amplify Partners.
The company intends to use the funds to accelerate growth, expand operations and its business reach.
Led by CEO Eric Steinberger, Magic develops an “AI colleague” for software engineering. Like a human engineer, it aims to communicate in natural language and collaborate with users on complex code changes. Powered by language models, the product operates like an AI pair programmer able to understand and continually learn more about the context of the work and the user.
FinSMEs
06/02/2023