How Magic AI Raised Millions to Revolutionize Coding Without a Single Product on the Market

Magic is not just another AI startup; it’s aiming to be the AI coworker developers never knew they needed.
In 2022, in the bustling tech hub of San Francisco, two visionaries—Eric Steinberger and Sebastian De Ro—came together with a bold mission: to fundamentally transform the world of software development through artificial intelligence (AI). Their startup, Magic, is no ordinary AI company. While countless others focus on specific applications of AI, Magic has set its sights on an ambitious goal: automating software development and pushing toward the creation of artificial general intelligence (AGI). But how did two founders, each with distinct but complementary backgrounds, manage to captivate some of Silicon Valley’s top investors and secure a staggering $465 million in funding without yet launching a commercial product?  Eric Steinberger and Sebastian De Ro Eric Steinberger
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Anshika Mathews
Anshika is the Senior Content Strategist for AIM Research. She holds a keen interest in technology and related policy-making and its impact on society. She can be reached at anshika.mathews@aimresearch.co
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