Funding Round Overview

Magic announced a Series B round on April 15, 2025 totaling $320,000,000 led by Sequoia Capital. AI coding startup Magic raised $320 million at $1.5 billion valuation. $320M at $1.5B valuation.

Deal Highlights

• Capital involved: $320,000,000.
• Round: Series B.
• Investors: Sequoia Capital, CapitalG, Elad Gil.

Company and Sector Context

Magic builds in the enterprise ai sector, one of the most active areas in AI investment today. Based in United States, the company is part of a global wave of startups scaling AI into production across regulated and enterprise environments.

How the Capital Helps

Disclosed details include $320M at $1.5B valuation. In enterprise ai, speed to market and access to high-quality talent often determine category leadership.

Competitive Landscape

Funding activity in enterprise ai continues to intensify as incumbents and startups race to ship reliable AI systems. This round signals ongoing investor confidence in differentiated technology and defensible distribution.

Looking Ahead

This funding positions Magic for continued growth in the enterprise ai landscape. As AI adoption accelerates across industries, deals like this signal where capital and strategic attention are moving next.