Startups Blog

John Dukes

Recent Posts by John Dukes:

Magic.Dev: The Startup Building AI-Powered Software Engineers

The world of technology is constantly evolving and improving, and it’s no surprise that artificial intelligence (AI) is at the forefront of this revolution. is a San Francisco-based startup that’s looking to push the boundaries of AI even further by developing an AI-powered software engineer. And they’ve just received a major boost to help them do so. announced a $28 million Series A funding round led by Alphabet’s Capital G, with participation from prominent investors including Amplify Partners, Elad Gil, and Nat Friedman. This investment will allow the company to expand its team and resources, bringing its innovative technology to the masses.

The company’s mission is to build AI that accelerates humanity’s progress on the world’s most important problems. wants to help bridge the gap between the current state of AI and the future of AI by creating AI software engineers that can help build products that are aligned and complete.

Eric Steinberger, CEO of, said in a statement, “We believe that AI can be a powerful tool to solve some of the world’s biggest problems, but only if it’s used correctly. That’s why we’re building AI software engineers – to help ensure that AI is being developed in a way that benefits everyone.”

Sebastian De Ro, CTO of, added, “Our goal is to make AI accessible to everyone, regardless of their technical background. We want to empower people to build products that can have a positive impact on the world, and we believe that AI-powered software engineers are the key to achieving this goal.”

In conclusion, is on a mission to change the world and make a positive impact using AI. With the backing of some of the biggest names in the tech industry and a total funding of $28 million, the future looks bright for this innovative startup. If you’re interested in learning more about and its vision, visit their website at


Topic: AI Startups

VC Funding: How Did the Top 10 U.S. Cities Change in 2020?

In the midst of what we hope will be a once in a lifetime crisis, venture capital investment in startups remained relatively strong in 2020.

Startups in the U.S. Just Raised Record Funding Last Week

While millions of traditional small businesses struggle to survive, the funding environment in the U.S. for promising startups is setting records. Last week, just the top 5 startups raked in almost $2.5 billion dollars in funding. Even if you exclude SpaceX's record $1.9 billion round, the top 10 startups still raised over $700 million. Let's take a look at the top five rounds.

Average Series A Round Reaches Record $15.7 million

The average Series A round is now $15.72 million, a new record. While the staggering size of many biotech rounds remains largely responsible for the new record mean (still about double the median Series A size), companies in other industries are also contributing to the rise.

11 Eye-Opening Stats on Startups

When many people think of startups they think of people like a young Mark Zuckerberg starting Facebook, or back in the day, Bill Gates and Microsoft. But at least in today's world, these cases are much more the exception than the rule. Today's successful startup founders are older and increasingly more diverse.

VC Funding News: Charlotte Outpaces in VC Investment


Looking for a new place to live or start a company? You many want to consider Charlotte, North Carolina.

Biotech Startups in U.S. See 75% Increase in New Funding


New data from Fundz’ startup company database shows biotech startups in the U.S have seen a sharp increase in funding over the last 60 days compared to the same period a year ago.

Equity Crowdfunding: Will COVID-19 Mark An Inflection Point?

In March, equity crowdfunding portal StartEngine announced that Kevin O’Leary, aka Shark Tank's "Mr. Wonderful", would join the company as a strategic advisor and investor in the company. O’Leary commented in the press release: “We’re going to look back on this period as the start of the rise of equity crowdfunding, and I think it’s an industry that StartEngine is going to win.”

Topics: Crowdfunding

Big Venture Capital Firms Push Average Series A to $14 Million

Ironically, given the unprecedented economic and market conditions, big venture capital firms helped to push the average series a funding to $14 million last week, which ties the all-time record set late last year.

US Venture Capital Firms: Funding Results & Changes from COVID-19

The numbers are staggering. Over 22 million people in the U.S. lost their jobs over the last month. Thousands of businesses shut down and despite their best efforts, many will undoubtedly not return. 

Yet, despite all the devastation, Wall Street has started to rally. Recent data from US venture capital firms also shows stability, though noticeable shifts.