Mage Raises $6.3 Million in Seed Round  

by Kay Aloha Villamor in October 20th, 2021

Mage, a Santa Clara, Calif.-based collaborative AI tool for product developers, raised $6.3 million in seed funding.

The round was led by Gradient Ventures, with participation from firms such as Neo and Designer Fund and angel investors such as Unity CEO John Riccitiello, Behance founder Scott Belsky, Lenny’s Newsletter author Lenny Rachitsky and James Beshara.

The company is hiring for product design and engineering and intends to use the new capital to build out additional AI tools and expand internationally.

Company: Mage Technologies, Inc.

Raised: $6.3M

Round: Seed Round

Funding Month: October 2021

Lead Investors: Gradient Ventures

Additional Investors: Neo, Designer Fund, John Riccitiello, Scott Belsky, Lenny Rachitsky, and James Beshara

Company Website: https://www.mage.ai/

Software Category: Accessible AI tool built for product developers

About the Company: Co-founded by Tommy Dang and Xiaoyou Wang, Mage is a low-code tool built for product developers, making it easy for product teams to build, train, and integrate AI into their apps. Its design allows product developers to import and transform data from anywhere; train, enhance, and deploy models quickly, without relying on data scientists. Mage’s tool can serve many use-cases the team is currently focused, on optimizing customer product engagement and revenue growth. Still, in beta with plans to launch in early 2022, Mage is focused on serving small to medium-sized companies. The startup is actively hiring for a variety of roles in product design and engineering and plans to use the new capital to build AI tools that enable product teams to train a new model or leverage an existing one without AI experience.

Source: https://www.finsmes.com/2021/10/mage-raises-6-3m-in-seed-funding.html https://techcrunch.com/2021/10/19/mage-aims-to-be-the-stripe-for-ai-raises-6-3m-for-developer-tools-to-build-ai-into-apps/

 

 


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