Magical

Magical

AI-powered productivity software for task automation

About Magical

Simplify's Rating
Why Magical is rated
B-
Rated C on Competitive Edge
Rated B on Growth Potential
Rated B on Rating Differentiation

Industries

Enterprise Software

AI & Machine Learning

Company Size

51-200

Company Stage

Series A

Total Funding

$39.9M

Headquarters

San Francisco, California

Founded

2020

Overview

Magical offers an AI-powered application designed to help professionals and businesses improve their productivity by automating repetitive tasks. The application provides various functionalities, such as instant form filling using data from open tabs, drafting messages with AI assistance, and text expansion templates. Users can also extract information from any webpage directly into a Google Sheet with just one click. These features help users save several hours each week by reducing the time spent on tasks like messaging, data entry, and documentation. Magical stands out from its competitors due to its simplicity and ease of use; it does not require complex integrations or setup, allowing users to start automating their workflows immediately after installation. The company's goal is to enhance productivity and efficiency for its users by providing a straightforward tool that streamlines their daily operations.

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Simplify's Take

What believers are saying

  • Rising demand for AI-driven productivity tools boosts Magical's market potential.
  • No-code platforms align with Magical's user-friendly approach, enhancing adoption.
  • Browser extensions' popularity supports Magical's Chrome Store distribution model.

What critics are saying

  • New AI collaboration tools like Snap may overshadow Magical's offerings.
  • Economic cooling could reduce investment in productivity tools, affecting Magical.
  • Generative AI tools may divert attention from simpler solutions like Magical.

What makes Magical unique

  • Magical offers a simple, user-friendly automation tool for non-technical users.
  • It requires no complex integrations, unlike many existing productivity solutions.
  • Magical's broad functionality spans messaging, data entry, and documentation automation.

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Funding

Total Funding

$39.9M

Above

Industry Average

Funded Over

2 Rounds

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.
Series A Funding Comparison
Above Average

Industry standards

$15M
$8.2M
Discord
$15M
Canva
$35M
Magical
$100M
GitHub

Benefits

Performance Bonus

Growth & Insights and Company News

Headcount

6 month growth

-5%

1 year growth

-2%

2 year growth

-1%
PYMNTS
Apr 16th, 2024
Ai-Powered Apps Streamline Team Collaboration

Artificial intelligence (AI) chatbots are already conversing with you and are now here to enhance teamwork. Snap, a new app by Swit Technologies, is among a wave of collaboration tools that use generative AI to streamline project management, communication and workflows. Experts say such software can include intelligent meeting schedulers, real-time document collaboration, virtual assistants, and adaptive workflow management systems. “AI can be great for speeding up or automating certain tasks and elements of collaboration that can be tedious or prone to error,” Darrin Murriner, the CEO of Cloverleaf.me, told PYMNTS. “In the collaboration process, this could include collaborating on documents, writing content, communicating and compiling information.”

VentureBeat
Feb 25th, 2023
Top 5 Stories Of The Week: Copy-Paste Is Archaic, Chatter Around Chatgpt And Bing Chat Continues

Check out all the on-demand sessions from the Intelligent Security Summit here. With the economy cooling, there isn’t as much news coming out of big tech as there was in the latter half of 2022. Instead — as evidenced by our top stories this week — tech leaders, experts, analysts and readers alike have been delving into more broad-reaching (sometimes even philosophical) topics. For starters, are you still using CTRL+C and CTRL+V to copy-paste? (We’ll admit we were guilty of that here.) In our top story, guest author Rosie Chopra of Magical argues for copying-pasting methods worthy of modern-day 2023. Another of our guest authors, Olivier Gaudin, calls for the C-suite to take ownership of code — which, he says, is ultimately any organization’s most critical asset. And, of course, there was no muting the chatter around generative AI, including ChatGPT and Bing Chat

PRWeb
Feb 15th, 2023
Magical Launches Teams: New Collaboration Features Help Companies Incr

Magical lets anyone automate repetitive work tasks instantly and boost productivity. . With Teams, everyone in the organization benefits from productive behaviors of their coworkers, which makes them just as successful

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