NFDG Ventures led a $117m Series B funding round in Magic dev.

NFDG Ventures, a company focusing on investing in start ups, led a $117m Series B funding round in Magic.dev, an AI-powered software engineer start up, with participation from CapitalG and Elad Gil. The founders believe that in addition to boosting practical coding productivity, advancing intelligent code generation tools can also provide a path toward more expansive artificial general intelligence. Their vision even extends to the creation of broadly capable AGI systems that align with human values - ones able to accelerate global progress by assisting with humanity's most complex challenges.