Wednesday, April 17, 2024
HomeFunding TX-based Magma Secures $5M in Seed Funding

[Funding alert] TX-based Magma Secures $5M in Seed Funding

Texas-based Magma secures $5 Million in Seed Funding. GFR Fund led the round, with contributions from industry angels, Supernode Global, Gaingels, Anorak Ventures, Acequia Capital, and Bandai Namco Entertainment 021 Fund.

Texas-based Magma secures $5 Million in Seed Funding. GFR Fund led the round, with contributions from industry angels, Supernode Global, Gaingels, Anorak Ventures, Acequia Capital, and Bandai Namco Entertainment 021 Fund.

The money will be used by the company to expand its worldwide workforce, which will include important additions to the operations, business development, and sales departments.

Read also – MO-based Simplifield E-Solutions Secures an Investment from HCAP

Magma, under the leadership of CEO Damian Kaczmarek, offers a cloud-based platform for art collaboration that makes international creative collaborating simpler. Teams and stakeholders may utilise it to connect and work together on any device, at any time, from any location.

The professional solution for managing and collaborating on art that includes generative AI, in-app video chat, and integrated version control. Its live collaborative canvas is ideal for idea development, character design, concept art, storyboarding, art critiques, onboarding and training, brainstorming, and other creative endeavours since it acts as a central repository for project data, digital artwork, and creative ideas.

Read also – PA-based Geo-Solutions Secures an Investment from Blue Sage Capital

Users have total control over the entire creative process, and they can quickly examine, edit, store, and easily get all team artwork with the help of in-canvas tools and a management dashboard.

Industry leaders in animation companies, game development, art studios, top creative universities, and more use Magma. Pitch Dev Studios, Virtuos, Wooga, Wacom, Seneca College, and North Carolina State University make up the partners.

Read also – Colombian Fintech Startup Supra Secures an Undisclosed Amount in Funding

About Magma

Magma is a professional drawing programme and art project management tool that is browser-based, collaborative, and has won a BRIC Innovation Award. enables any group of artists to work together on projects, exchange ideas, arrange artwork, provide comments, and manage workflow without modifying existing tools or workflow procedures.

Read also – NYC-based AI Startup Signum.AI Secures an Undisclosed Amount in Seed Funding

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