About Magnific
Magnific is a company based in Murcia (Spain) founded in 2023 by Emilio Nicolas Riquelme and Javi Lopez was acquired by Freepik in May 2024.. Magnific offers products and services including Image Upscaler. Magnific operates in a competitive market with competitors including Runware, Recraft, Leonardo Ai, OJI and LiblibAI, among others.
- Headquarter Murcia, Spain
- Founders Emilio Nicolas Riquelme, Javi Lopez
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Sectors
Media & EntertainmentTechnology
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Phone
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Website
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Social
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Products & Services of Magnific
Magnific offers a comprehensive portfolio of products and services, including Image Upscaler. 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.
Service for enhancing and upscaling images with AI prompts and controls.
Funding Insights of Magnific
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
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Investors in Magnific
Magnific has secured backing from 1 investor. Prominent investors backing the company include Freepik. 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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Online platform providing vectors, stock photos, and icons
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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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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Magnific
| 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 - Magnific
| 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 |
Magnific Comparisons
Competitors of Magnific
Magnific 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 Runware, Recraft, Leonardo Ai, OJI and LiblibAI, 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 |
Online platform offering AI-based art generator for consumers
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| domain | founded_year | HQ Location |
Platform offering AI-powered design tools
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| domain | founded_year | HQ Location |
AI assets are generated using models on an online platform.
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| domain | founded_year | HQ Location |
An AI-based app that enables users to create avatars and artwork easily.
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| domain | founded_year | HQ Location |
Platform for AI drawing and model sharing
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| domain | founded_year | HQ Location |
An AI-powered app for generating images creatively.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Magnific
When was Magnific founded?
Magnific was founded in 2023.
Where is Magnific located?
Magnific is headquartered in Murcia, Spain. It is registered at Murcia, Region De Murcia, Spain.
What does Magnific do?
Magnific was founded in 2023 in Murcia, Spain, as an AI-driven platform for image enhancement. Operations focus on upscaling and reimagining visual details, guided by natural language prompts and adjustable controls like the Creativity slider. Services are utilized by professionals in photography, graphic design, digital art, and illustration, enabling customized hallucinations and modifications across various user needs.
Who are the top competitors of Magnific?
Magnific's top competitors include Recraft, Leonardo Ai and Runware.
What products or services does Magnific offer?
Magnific offers Image Upscaler.
Who are Magnific's investors?
Magnific has 1 investor. Key investors include Freepik.