Magic is an AI startup that provides tools aimed at assisting software engineers with coding, code reviews, debugging, and planning modifications.
Magic has raised a substantial financial boost of $320 million. The new investment, led by former Google CEO Eric Schmidt and including contributions from Jane Street, Sequoia, and Atlassian, brings Magic’s total funding to $465 million. In addition to the new financing, Magic announced a partnership with Google Cloud to build two supercomputers equipped with Nvidia’s latest GPUs.
Magic, San Francisco, California, United States, was founded in 2022 by Eric Steinberger and Sebastian De Ro. “We are excited to partner with Google and NVIDIA to build our next-gen AI supercomputer on Google Cloud. NVIDIA’s GB200 NLV72 system will greatly improve inference and training efficiency for our models, and Google Cloud offers us the fastest timeline to scale, and a rich ecosystem of cloud services,” noted Eric Steinberger, CEO & Co-founder at Magic. With an expanding team and a focus on enhancing its technology, the company is establishing itself as a leader in the rapidly changing AI industry.
