Mago, a Paris, France-based company that utilizes AI to transform and stylize video, has raised €1.5 million in a pre-seed funding round.
Investors
The round was led by Atlantic Labs, a venture capital firm based in Berlin, Germany. Since 2013, they have led over 150 first-round investments.
Mago Use of Funds
The funding will help Mago expand its team and accelerate development ahead of its 2025 market launch.
About Mago
Founded by Alvaro Lamarche Toloza and Aleksandr Spirin, Mago provides AI-powered tools for transforming and stylizing videos. Its software allows creators to apply various visual styles—such as animations or oil paintings—to live-action footage and 3D animations. Mago enables creators to transform and stylize videos with professional-grade quality. The software is offering SaaS and on-premise options.
Funding Details
Company: Mago
Raised: €1.5M
Round: Pre-Seed
Funding Date: November 2024
Lead Investor: Atlantic Labs
Additional Investor:
Company Website: https://www.mago.studio/
Software Category: Video Production
Source: https://siliconcanals.com/french-startup-mago-raises-1-5m/