General Magic, a Toronto, Canada–based AI company that builds proactive AI SMS agents specifically for the insurance industry, has raised $7.2 million in seed funding.
Investors
The round was led by Radical Ventures, with participation from a16z Speedrun, Figma VP Brendan O'Driscoll, and Larry James Erwin from OpenAI.
Radical Ventures is a venture capital firm investing in world-leading entrepreneurs who are applying artificial intelligence to transform massive industries. Managing over $2.5 billion in assets, the firm partners with extraordinary founders at the forefront of the AI revolution, helping them build companies that will shape the future. Founded in 2017 and headquartered in Toronto, Radical Ventures also has global offices in London and San Francisco.
General Magic Use of Funds
The company will use the funds to expand AI agent deployments across insurance workflows, including pre-quote, post-quote, and claims processes, as well as to scale operations.
About General Magic
Founded by Anthony Azrak and Jai Mansukhani, General Magic builds AI agents that automate repetitive insurance workflows, such as answering questions, collecting documents, and managing follow-ups. Its product, Cell, integrates directly with broker management systems, quoting platforms, and CRMs. By focusing on compliance, workflow accuracy, and seamless integration into existing systems, General Magic empowers insurers and brokers to handle high-volume, critical workflows more efficiently. Headquartered in Toronto, Canada, the company supports deployments across auto and life insurance.
Funding Details
Company: General Magic
Raised: $7.2M
Round: Seed
Funding Date: February 2026
Lead Investor: Radical Ventures
Additional Investors: a16z Speedrun, Brendan O'Driscoll, Larry James Erwin
Company Website: https://generalmagic.inc/
Software Category: AI-InsurTech / Workflow Automation
Source: https://www.globenewswire.com/news-release/2026/02/24/3243637/0/en/General-Magic-Raises-Oversubscribed-US-7-2M-to-Cut-Insurance-Quote-Time-to-3-Minutes.html