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MAGICBIT logo — Redefining Innovation

MAGICBIT

Redefining Innovation

Founded 2019 Sri Lanka Sri Lanka 20 employees Pre-Seed Total: $120.00K AI, Consumer Electronics +2

General Information

Company Name MAGICBIT
Founded Year 2019
Location Sri Lanka Sri Lanka
Employees 20
Industries AI, Consumer Electronics, Education +1
Funding Stage Pre-Seed
Social

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About MAGICBIT

MAGICBIT is an innovative development platform redefining the way technology is learned and practiced. Founded in 2019 in Sri Lanka, MAGICBIT offers a comprehensive approach to smart tech, covering a wide array of areas including electronics, robotics, Internet of Things (IoT), and computer programming. In its latest funding round on 25 October 2021, the company secured an investment of $120.00K from prominent investors such as Hyperion Ventures, Lankan Angel Network (LAN), and Mano Sekaram. With its focus on consumer electronics, education, and robotics, MAGICBIT presents an intriguing opportunity for venture capital firms looking to invest in the future of tech education and innovation.

Business keywords: development platform, innovation, electronics, robotics, Internet of Things, computer programming, smart tech, learning platform

Funding Rounds & Investors (1)

View All
Funding Stage Amount Investors Lead Investors Date
Pre Seed Round $120.00K 3
Hyperion Ventures, Lankan Angel Network (LAN) +1
25 Oct 2021

MAGICBIT Alternatives & Competitors

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MAGICBIT vs
SP Robotic Works
SP Robotic Works India

An innovative place to explore next-generation technologies for students and all tech enthusiasts.

Series A
76 employees
EdTech, Education
MAGICBIT vs
KGEC - Robotics Society
KGEC - Robotics Society India

KGEC - Robotics Society is aimed at providing the environment for working in the field of robotics i...

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MAGICBIT vs
Miko
Miko India

Miko is an advanced robotics startup founded by three IIT Bombay post-graduates on the pillars of Ro...

Series C
386 employees
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View all alternatives

FAQ About MAGICBIT

Redefining Innovation
MAGICBIT was founded in 2019.
MAGICBIT is headquartered in Sri Lanka.
MAGICBIT operates in AI, Consumer Electronics, Education and Robotics. Its work centres on development platform, innovation, electronics and robotics.
MAGICBIT has approximately 20 employees.
MAGICBIT has completed 1 funding round, raising a total of $120.00K. The latest funding stage is Pre-Seed.
Top alternatives and competitors to MAGICBIT include SP Robotic Works, KGEC - Robotics Society, Miko, MINT INNOVATIONS, EEVE. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
MAGICBIT and SP Robotic Works are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for MAGICBIT, https://bouncewatch.com/company/magicbit, updated 28 November 2024. When citing, please name BounceWatch and link this page.

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