General Magic
PrivateLast Round
Seed
Feb 24, 2026
Total Funding Raised
$9.6M
Company Overview
General Magic is an insurtech company that develops SMS-native AI agents to automate workflows for the insurance industry.
Sector
Enterprise Software
Verticals
InsurTech, Workflow Automation, NLP & Conversational AI, Vertical SaaS, Customer Experience
Business Model
B2B
Customer Profile
Subscription SaaS, Usage-Based SaaS
AI Layer
Application
Keywords
Historical Pricing
Historical view of private secondary pricing and transaction trends.
General Magic Comparables
Compare General Magic with similar companies based on industry and business-model similarity.
| Company | Similarity | Market Cap |
|---|---|---|
| Cara | 88% | |
| Avallon AI | 78% | |
| Pace | 77% | |
General Magic Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Seed | Feb 24, 2026 | ||||
| Pre Seed | Jul 24, 2025 | ||||
| Pre Seed | Mar 1, 2025 |
General Magic Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| a16z speedrun | Pre Seed, Seed |
| Comma Capital | Pre Seed, Seed |
| Radical Ventures | Seed |
General Magic Filings
SEC and related filings with document metadata.
| Typed | Date | Amount Offered | Amount Sold | Filling | Pages | Download |
|---|---|---|---|---|---|---|
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Frequently Asked Questions
Common questions about General Magic's valuation, stock price, and market status.