Magic raises USD 23 million to create an AI-driven tool to assist programmers in writing code

Date:

Share post:

Magic AI Inc., a startup developing an AI platform to generate code, announced that it has raised USD 23 million in new funding to expand its staff and get ready to market with its product.

The company raised a total of USD 28 million in the Series A funding round, which was led by Alphabet’s CapitalG and included Elad Gil, Nat Friedman, and Amplify Partners. It is envisioned that the AI will function essentially like a “colleague inside the computer” who can assist in generating and editing code as well as perform other smart agent duties.

According to the firm, wen programmers are writing code, Copilot offers code that will automatically finish the task at hand and is able to finish even lengthy pieces of code.

Read More: Magic raises $23M to build an AI-driven tool to help developers write code

TalkDev Bureau
TalkDev Bureau
The TalkDev Bureau has five well-trained writers and journalists, well versed in B2B enterprise technology industry, and constantly in touch with industry leaders for the latest trends, opinions, and other inputs- to bring you the best and latest in the domain.
spot_img

Related articles

Octopus Deploy buys Codefresh to Combine CD, CI, and GitOps on a Single Platform

Octopus Deploy has announced the acquisition of Codefresh. This acquisition marks an important milestone for Octopus as it...

Aetheros Adds Remote SIM Provisioning Support to AetherOS for Utilities Customers

Aetheros has added GSMA Remote SIM Provisioning support to its flagship software product AetherOS (AOS). This will enable...

Intel Showcases AI Optimizations for Language Models on Arc Alchemist GPUs Using PyTorch

Intel has released its PyTorch extension, which allows large language models (LLMs) like Llama 2 to run on...

Huawei’s New Server CPU Matches Zen 3 in Single-Core Performance.

A recent Geekbench 6 score offers a glimpse at the single-core performance of the Taishan V120, which is...