General Magic: $7.2 Million Raised By Insurance AI Platform To Cut Quote Time To 3 Minutes
By Amit Chowdhry ● Today at 12:32 AM
General Magic, a Toronto-based AI company focused on insurance workflows, has raised an oversubscribed $7.2 million seed round to accelerate the development of its SMS-native AI agents. The financing was led by Radical Ventures, with significant participation from a16z Speedrun and new investment from Figma VP of Product Brendan O'Driscoll and Larry James Erwin from OpenAI. The company has raised $8.4 million to date, backed by Radical Ventures, a16z Speedrun, and Comma Capital, along with operators including Aidan Gomez, CEO of Cohere, and members of the executive team at Braze, including Kevin Wang, Chief Product Officer, and Spencer Burke, SVP of Growth.