Magic seeks $200M in new funding round to reach $1.5B valuation, led by investors including Jane Street
Magic seeks $200M in new funding round to reach $1.5B valuation, led by investors including Jane Street
07/02/24, 9:34 PM
Location
londonMoney raised
$200 million
Industry
fitness
wellness
Investors
Alphabet's Capital G, Nfdg Ventures, Daniel Gross, Nat Friedman, Jane Street
Magic, a U.S. startup focusing on AI coding with no revenue or product for sale, is in talks to raise over $200 million in a funding round. The round is expected to value the company at $1.5 billion, tripling its previous valuation. Investors such as Jane Street are expected to lead the round.
Company Info
Location
london, england, united kingdom
Additional Info
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.