Observed Signal · Feb 13, 2023 · Funding · Source: Trending Topics · Impact: 2/5 · Sentiment: Positive
Magic.dev founders discuss $23M seed round and AGI vision
Magic.dev, an Austrian startup founded by Eric Steinberger and Sebastian De Ro, has raised a $23 million seed financing round. The startup is developing AI assistants for software engineering, with a long-term goal of building artificial general intelligence (AGI). The round was initiated with Nat Friedman, former GitHub CEO, and later joined by CapitalG, Alphabet’s investment arm. The founders say funds will be spent on computing power and high-end chips. They emphasized independence from Google Cloud despite CapitalG backing, noting they are evaluating multiple cloud providers. The interview also covers their vision of macro vs. micro assistance, the societal impact of AI, and their hiring philosophy.
Notable $23M seed investment for an AI startup backed by Alphabet's CapitalG highlights growing AI momentum, but it has no direct immediate impact on AdTech operations.
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Key Takeaways & Evidence Grounding
- Magic.dev raised a $23 million seed financing round.
- CapitalG, Alphabet’s investment arm, provided funding in the round.
- Nat Friedman, former GitHub CEO, initiated the seed round.
- The startup aims to build AI software engineering assistants, with a long-term goal of AGI.
- The founders plan to use the funding primarily for computing power and high-end chips.
Connected Companies & Entities
10 Entities mapped“Das beste Beispiel ist magic.dev aus Österreich....”
“An erster Stelle zu nennen ist CapitalG. Das ist der Investmentarm von Alphabet, also der Google-Mutter....”
“Das ist der Investmentarm von Alphabet, also der Google-Mutter....”
“Während sich Google und Microsoft in Milliardenschweren Fight um die Vorherrschaft bei Künstlicher Intelligenz liefern......”
“Während sich Google und Microsoft in Milliardenschweren Fight um die Vorherrschaft bei Künstlicher Intelligenz liefern......”
“Während sich Google und Microsoft in Milliardenschweren Fight um die Vorherrschaft bei Künstlicher Intelligenz liefern......”
“Während sich Google und Microsoft in Milliardenschweren Fight um die Vorherrschaft bei Künstlicher Intelligenz liefern......”
“Wir haben eine Seed-Runde im Juli und August begonnen mit Nat Friedman, dem ehemaligen CEO von GitHub, der auch GitHub Copilot erfunden hat....”
“Könnt ihr das Geld auch zu den Google Cloud-Konkurrenten Amazon Web Services oder Microsoft Azure hinübertragen?...”
Ontology Mapping & Concepts
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