Tech Company Financing Transactions
MAGIC AI Funding Round
SFC Capital and private investors participated in a $5 million capital raise for MAGIC AI. The funding round was announced on 11/25/2024.
Transaction Overview
Company Name
Announced On
11/25/2024
Transaction Type
Venture Equity
Amount
$5,000,000
Round
Undisclosed
Investors
Proceeds Purpose
The company intends to use the funds to expand operations and its development efforts.
Company Information
Company Status
Private & Independent
Industry
Artificial Intelligence
Mailing Address
115 Coventry Rd,
London, E2 6GG
UK
London, E2 6GG
UK
Phone
Undisclosed
Website
Email Address
Overview
MAGIC uses computer vision, connected weights and 3D cameras to deliver personal training by the world's best athletes at home. MAGIC is the first in the world to allow users to perform exercises in front of an intelligent hologram mirror which uses our own custom computer vision software to correct real-time form, rep count, and give live feedback to give a completely hyper-personalised workout. We have combined this with our patent-pending dumbbells and co-created workout content with the world's leading athletes.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Varun Bhanot
Co-Founder
Sunil Jindal
Co-Founder
Craig Wiltshire
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