Magic AI Secures $117 Million to Build an AI Software Engineer
San Francisco-based startup Magic AI has raised $117 million in Series B funding to further develop its advanced AI system aimed at automating software development.The round was led by Nat Friedman and Daniel Gross’s NFDG Ventures, with additional participation from CapitalG and Elad Gil. This brings Magic’s total funding to date to over $145 million.Founded in 2022 by Eric Steinberger and Sebastian De Ro, the startup is carving out a niche by focusing on developing an AI software engineer capab...
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