Total amount raised
$1.2 Millions
Latest funding date
07/01/2019
Location
Magic AI has successfully secured investments from prominent institutions such as iFlytek, Qualcomm, and Chuangyebang. The company offers a range of innovative virtual human solutions, including the AmazingMe Virtual Human Platform and the VLive Virtual Human Live Streaming System.
Keep reading to explore the intricacies of Magic AI's fundraising journey and the investors backing this cutting-edge platform.
What Is MAGIC AI?
Magic AI, founded in January 2016, is a pioneering company in the virtual human technology industry. The company focuses on the metaverse, offering solutions for virtual human modeling, content creation, and IP operations.
Headquartered in Beijing, Magic AI also has an R&D center in Chengdu and a subsidiary in Hangzhou. The company has secured investments from notable institutions and established strategic partnerships with major organizations.
How Much Funding Has MAGIC AI Raised?
- Pre-Seed Round
- Amount Raised: $20K
- Date: July 2019
- Lead Investors: Techstars
- Seed Round
- Amount Raised: $1.2M
- Date: April 2018
- Lead Investors: Vani Khosla
- Seed Round
- Date: October 2017
- Lead Investors: Techstars
In total, Magic AI has raised $1.22M.
Key Investors
- Techstars
- Details: Techstars is a global platform that provides investment and mentorship to startups. They have a network of over 10,000 mentors and alumni.
- Investment Focus Areas: Technology, Healthcare, Fintech
- Notable Investments: SendGrid, Sphero, ClassPass
- Vani Khosla
- Details: Vani Khosla is a prominent angel investor known for backing early-stage technology startups. She has a keen interest in innovative and disruptive technologies.
- Investment Focus Areas: Technology, Artificial Intelligence, Consumer Goods
- Notable Investments: Not publicly disclosed
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