# Magic raises $320M Series C at ~$1.5B valuation

On 2024-8-1, according to Reuters / AI Wiki reporting, Magic completed a USD 320 million Series C financing at about a USD 1.5 billion valuation



Canonical: https://uniquebase.ai/news/7b5f0dad-80f0-488e-bd69-53077c290f3d
Stable identifier: 7b5f0dad-80f0-488e-bd69-53077c290f3d
Snapshot captured: 2026-10-20T18:19:32.670Z
English updated: 2026-10-20T18:21:37.541Z

## Connected profiles

- [Atlassian](/institutions/atlassian)
- [CapitalG](/institutions/capitalg)
- [Daniel Gross](/institutions/daniel-gross)
- [Eric Schmidt](/institutions/eric-schmidt)
- [Magic](/companies/magic)
- [Nat Friedman](/institutions/nat-friedman)
- [Sequoia Capital](/institutions/sequoia-capital)

## Sources

- https://aiwiki.ai/wiki/magic_dev