What is Mage?
Based in Santa Clara, California, Mage was founded in 2020 and operates as a platform provider for artificial intelligence (AI) product development. The company aims to streamline the creation and deployment of AI-powered products, catering to a market increasingly reliant on advanced technological solutions. Mage's focus on AI product development positions it within a rapidly expanding industry, driven by the demand for intelligent automation and data-driven insights across various business verticals.
How much funding has Mage raised?
Mage has raised a total of $6.3M across 1 funding round:
Angel/Seed
$6.3M
Angel/Seed (2021): $6.3M with participation from Designer Fund, Scott Belsky, NEO Tech, John Riccitiello, James Beshara, Lenny Rachitsky, and Gradient Ventures
Key Investors in Mage
Designer Fund
Designer Fund is an investment firm that focuses on empowering leaders to enhance the world through design. They invest in early-stage technology companies that leverage design to promote health, sustainability, and overall prosperity.
Scott Belsky
Scott Belsky is a founder, author, product leader, and seed investor who focuses on early-stage investing and entrepreneurship. He offers insights through his books, including 'The Messy Middle' and 'Making Ideas Happen', along with blog posts and updates on his projects.
Gradient Ventures
Gradient Ventures is a San Francisco-based climatetech manufacturer that designs and produces high-efficiency, heatpump-based window and wall units (like the Gradient System and TBird) to replace conventional HVAC systems, aiming to reduce building emissions while improving comfort and ease of installation for residential and light commercial customers.
What's next for Mage?
The recent major strategic investment signals a pivotal moment for Mage, likely enabling the company to accelerate its product roadmap, expand its engineering talent, and enhance its market reach. This infusion of capital suggests a move towards scaling operations and solidifying its position as a key player in the AI product development space. Future endeavors may include further platform enhancements, strategic partnerships, and broader market penetration to capitalize on the burgeoning demand for sophisticated AI solutions.
See full Mage company page
