About DeepMagic
DeepMagic is a company based in New York (United States) founded in 2017 by Davi Geiger and Bernd Schoner was acquired by Standard in October 2019.. DeepMagic has raised $150 thousand across 1 funding round from investors including Standard AI. DeepMagic offers products and services including Real-Time Data Analysis, Task Automation, and Encrypted Security. DeepMagic operates in a competitive market with competitors including Mashgin, AiFi, Focal systems, ITAB and Accel Robotics, among others.
- Headquarter New York, United States
- Founders Davi Geiger, Bernd Schoner
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Sectors
Retail
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Email
***********
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$150 K (USD)
in 1 rounds
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Latest Funding Round
$150 K (USD), Angel Round
Jun 01, 2017
- Investors
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Employee Count
Employee Count
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Acquired by
Standard
(Oct 11, 2019)
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Products & Services of DeepMagic
DeepMagic offers a comprehensive portfolio of products and services, including Real-Time Data Analysis, Task Automation, and Encrypted Security. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Predicts market trends and optimizes inventory for users.
Automates schedules, reports, and content design efficiently.
Protects user data with layered systems against breaches.
Funding Insights of DeepMagic
DeepMagic has successfully raised a total of $150K through 1 strategic funding round. The most recent funding activity was a Angel Round round of $150 thousand completed in June 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Angel Round — $150,000
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First Round
First Round
(01 Jun 2017)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2017 | Amount | Angel Round - DeepMagic | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in DeepMagic
DeepMagic has secured backing from 1 investor. Prominent investors backing the company include Standard AI. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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AI-enabled automated checkout solutions are offered for offline retailers.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by DeepMagic
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - DeepMagic
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Deepmagic Comparisons
Competitors of DeepMagic
DeepMagic operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Mashgin, AiFi, Focal systems, ITAB and Accel Robotics, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Computer-vision self-checkout solutions are provided for offline retailers.
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| domain | founded_year | HQ Location |
AI-based autonomous store solutions are provided for retailers and brands.
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| domain | founded_year | HQ Location |
AI-based suite solution for offline businesses
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| domain | founded_year | HQ Location |
Self-checkout solutions are provided for retail businesses worldwide.
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| domain | founded_year | HQ Location |
AI-based automated checkout solutions are developed for offline retailers.
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| domain | founded_year | HQ Location |
AI-based body temperature detection systems for retail are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about DeepMagic
When was DeepMagic founded?
DeepMagic was founded in 2017.
Where is DeepMagic located?
DeepMagic is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of DeepMagic?
Bernd Schoner is the current CEO of DeepMagic. They have also founded this company.
Is DeepMagic a funded company?
DeepMagic is a funded company, having raised a total of $150K across 1 funding round to date. The company's 1st funding round was a Angel Round of $150K, raised on Jun 01, 2017.
What does DeepMagic do?
DeepMagic was founded in 2017 in New York, United States, and operates in the retail technology sector. AI and IoT technologies are utilized to design and deliver fully automated, unmanned stores. The Qick Kiosk product enables customer entry through payment card swipes, item selection without assistance, and automatic charge deductions upon exit. A quick store platform is also made available for operational support.
Who are the top competitors of DeepMagic?
DeepMagic's top competitors include Mashgin, Focal systems and AiFi.
What products or services does DeepMagic offer?
DeepMagic offers Real-Time Data Analysis, Task Automation, and Encrypted Security.
Who are DeepMagic's investors?
DeepMagic has 1 investor. Key investors include Standard AI.