Diligence memo · auto-generated · as of July 2, 2026
Magic AI Corp
Magic AI Corp looks over-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Magic AI Corp operates in AI / ML, based in SEATTLE.
Sub-sector tags: ai/ml.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Magic AI Corp has raised $674K in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Pre-Seed (a round under $1.0M).
Largest single filing: $674K on 2017-10-11.
Most recent recorded round closed around 2017-10-11.
Valuation (modeled)modeled
Provath models Magic AI Corp at approximately $37M (range $441K–$422M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Over-valued. Modeled value is 2.61× the median modeled value of Pre-Seed AI / ML companies in 2016–2018 (20 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Last raise 8.7 yr ago; this sector typically re-raises about every 11 months.
Only one round on record and long silent — often defunct, acquired, or gone quiet.
Comparablesmixed
Capital scale ranks ahead of 70% of AI / ML peers (2067 compared).
Modeled value ranks above 83% of those peers.
Closest niche peers: Downstream.ai, Inc., Animated Intelligence, Inc., Aerobotics, Faire Inc., SAM AI, Inc..
Peoplefiled
2 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
Modeled above niche peers — valuation risk on entry.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.