Magma offers a cloud-based art collaboration and project management platform with a live collaborative canvas that serves as a centralized repository for project data, digital artwork, and creative ideas. The platform includes integrated version control, in-app video chat, generative AI, in-canvas tools, and a management dashboard for streamlined feedback, rapid previews, edits, storage, and access. Use cases include idea development, character design, concept art, storyboarding, art reviews, onboarding and training, and brainstorming. Magma is used by animation studios, game developers, art studios and creative higher-education institutions; partners include Pitch Dev Studios, Virtuos, Wooga, Wacom, Seneca College, and North Carolina State University. The platform hosts artists in over 100 countries, with more than 2 million users contributing to the creation of over 20 million artworks. Magma closed a $5M Seed round and intends to use the proceeds to expand its international team with key hires in operations, business development, and sales.

Total raised

$5M

Funding rounds

1

Latest round

Seed

Latest activity

Dec 2023