CapitalG led a $23m Series A funding round in Magic.dev.

CapitalG, a private equity firm, led a $23m Series A funding round in Magic.dev, a startup that is developing an AI-powered software engineer, with participation from Nat Friedman, Elad Gil, and Amplify Partners. "Our mission is to deploy AI to accelerate science and make the world more productive. For decades, technology was just a tool; soon it will be a colleague. The adoption of 'AI assistants' in the workplace will be as impactful as the industrial revolution, and it's important to get this transition right." He added, "I'm excited to be applying our technology to the field of software engineering; it's highly complex, collaborative, and a bottleneck for many organizations. Due to what remains a tight technical talent market, many organizations are unable to hire the engineers they need. Magic will enable people and organizations to build game-changing technology faster and more easily than has ever been possible before," Eric Steinberger, Magic Co-Founder and CEO.