Magma raises $5M for game art creation and project management platform
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Magma has raised $5 million in seed funding for its AI-aided browser-based art creation and project management platform.
GFR Fund led the round, with participation of international gaming powerhouse Bandai Namco Entertainment (021 Fund), along with a league of prominent investors and industry angels.
The investment not only marks a pivotal moment for Magma and its generative AI technology but also underscores the platform’s commitment to enhancing creative collaboration globally.
With over two million users spanning more than countries, Magma’s cash paves the way for more features and expansions. The funds are earmarked for innovative updates aimed at enriching the collaborative canvas, fostering idea exchange, refining workflows, and fortifying the platform’s international presence through strategic hires in key operational and commercial roles.
Among the notable recent appointments are Oli Strong, who joins as the COO and chief strategy officer, along with Heather Shelton, stepping in as the commercial director. These hires affirm Magma’s intent to strengthen its core operations and bolster business development.
Magma is a cloud-based art collaboration platform that serves as a melting pot for global creative ideation. Magma offers an amalgamation of integrated version control, in-app video chat, and generative AI.
Magma wants to be the go-to professional art collaboration and management tool. The platform serves as a centralized hub for project data, digital artwork, and creative concepts, ideal for various creative processes such as character design, storyboarding, and art reviews.
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