Magic

Active#10 worldwide · Coding agents

Coding agents

HQUnited States

Last roundEquity round · Aug 2024

Uback rankings

Ranking	Tier	Rank	Edition	Next update
Coding agents · worldwide	Top 20	#10	Edition 0 (beta) · Sep 2026	8 Feb 2027

Rank historySep 2026 · #10 Coding agentsFirst edition: no movements yet.

Estimated valuation

AI · Coding agents ranking (worldwide)

≈ USD 900MUSD 450M–1.8bn · Hundreds of M$ Low confidence

Hundreds of k$

Millions $

Tens of M$

Hundreds of M$

Unicorn

Decacorn

Anchor: Last known equity round: Equity round · USD 320M · Aug 2024
Published valuation: about USD 1.5bn (reported) · Aug 2024 · older than 24 months, shown for reference

An indicative editorial estimate produced by AI, imperfect by nature: neither a financial valuation nor investment advice. Only the market sets a company’s value. Method

Funding history

Date	Round	Amount	Type	Investors	Source
Aug 2024	Equity round	USD 320M	Equity	Eric Schmidt, Jane Street, Sequoia, Atlassian, CapitalG	techcrunch.com

Rounds as cited by Uback’s rankings and their sources. Equity, debt and grants are shown separately; only equity rounds count towards the valuation anchor.

Independent analyses

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What the AI reads

Press & investor announcements1 source

Read by the AI at the next edition.

Comparable companies in coding agents

Full coding agents ranking →

Code Metal#9United StatesUnicorn StackBlitz (Bolt.new)#11United StatesHundreds of M$Blitzy#8United StatesUnicorn Augment Code#12United StatesHundreds of M$

Investors in Magic: Eric Schmidt · Jane Street · Sequoia Capital · Atlassian · CapitalG

Sources. techcrunch.com

Last updated: Sep 2026Report an error

Uback is a content publisher. It provides no investment advice, receives no mandate and takes part in no transaction. Rankings, ranges and brackets are editorial estimates produced by AI, purely indicative.