Magic Funding: $320M Raised, Series C (2024)

Magic is an AI Infrastructure company. It has raised $320M in total funding. Latest round: Series C. Backed by Eric Schmidt, Atlassian.

Magic funding overview

Magic is an AI Infrastructure company. Magic has raised $320M in total disclosed funding. That places its disclosed total in the $250M–$1B range. Its most recent disclosed round is a Series C announced in August 2024. The round record for Magic runs through 2024; nothing later has been disclosed. Investors on record include Eric Schmidt, Atlassian. 2 distinct backers are named across the disclosed rounds.

Magic at a glance

Total raised
$320M
Latest round
Series C
Latest round date
August 2024
Industry
AI Infrastructure
Notable investors
Eric Schmidt, Atlassian

Frequently asked about Magic funding

How much has Magic raised?
Magic has raised $320M in total disclosed funding across the rounds on record.
Who has invested in Magic?
Eric Schmidt, Atlassian are named among the investors backing Magic.
What was the latest Magic funding round?
The most recent disclosed round is a Series C, announced in August 2024.
Where is Magic based?
No headquarters location is disclosed for Magic.
What sector does Magic operate in?
Magic is tracked under AI Infrastructure, with $320M in disclosed funding.
When did Magic last raise?
The last disclosed Magic round closed in August 2024 at Series C.

We update the Magic record whenever a new round is filed or announced, so the totals above track the public record rather than estimates. Related AI Infrastructure companies and their backers are listed below.

Magic funding history

1 disclosed round on record.

  1. Date undisclosed — Series A. $52M.

Companies related to Magic (36)

Browse related funding lists (4)

Company funding database · Investor directory · Founder database · Mega-rounds 2026

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