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MAGIC AI raises £8M Series B led by Beringea and IW Capital to scale its AI fitness mirror in the US market.
Amount Raised
£8 Million
Round Type
Series B
San FranciscoOtherInvestors
Description
MAGIC AI, the fitness mirror company, has closed an £8 million Series B funding round co-led by Beringea and IW Capital to expand its US presence and capitalize on the growing AI fitness market. The round brings total funding to $20 million and is believed to be the largest for an AI fitness company this year. MAGIC AI's proprietary ReflectAI technology uses computer vision and holographic coaching to deliver personalized workouts with real-time feedback. The company has achieved 342% annual growth and logged over 500,000 AI-coached workouts across 150,000 hours.
Fundz sees it the moment Magic AI raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
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Funding Insights
Based on industry dataMagic AI raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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