# Beijing Magic Data Technology Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/beijing-magic-data-technology-co

- Industry: Internet
- Headquarters: Beijing, China
- Website: www.magicdatatech.com
- Latest round: Series B (Apr 12, 2021)
- Investors on record: 5

## About

Based in China, Beijing Magic Data Technology Co., Ltd. specializes in providing high-quality datasets for artificial intelligence applications, focusing on areas such as conversational AI, intelligent cockpit systems, and autonomous driving technologies.Founded in 2016, Beijing Magic Data Technology Co., Ltd. operates from its headquarters in Beijing, China. The company focuses on developing datasets for AI models and has completed a total of five funding deals. Qingqing Zhang is the CEO, leading the company through its growth phase. The most recent funding round occurred on May 19, 2021.Magic Data specializes in providing high-quality training and testing datasets for artificial intelligence models, with a strong focus on applications in conversational AI, intelligent cockpit systems, and autonomous driving technologies. The company offers over 400 comprehensive training datasets covering more than 60 languages and dialects, addressing various AI scenarios such as human-computer interaction, customer service, and machine translation. Their advanced annotation platform facilitates efficient data management across audio, text, image, and video modalities, ensuring rapid delivery of high-quality labeled data to clients including automotive manufacturers, financial institutions, and enterprises in social networking and smart device sectors, with a notable emphasis on global markets, particularly in North America, Europe, and Asia.Magic Data operates on a business-to-business (B2B) model, generating revenue through the licensing of its datasets and annotation services. Clients engage in subscription-based agreements or customized project arrangements for access to the extensive dataset library and annotation platform. Pricing structures are based on project scope and complexity to provide scalable solutions for businesses looking to enhance their AI capabilities. The firm's flagship offerings, including the multi-speaker speech dataset for voice cloning, support its position in the AI data marketplace.In May 2021, Beijing Magic Data Technology Co., Ltd. raised an undisclosed amount during a SERIES B funding round led by new investor Vantron Capital. The company plans to utilize this funding to establish MagicHub, a global open-source community for AI developers, and to design and develop datasets specifically for conversational AI. Additionally, there are plans to research and develop a SaaS platform for data collection and annotation to broaden its service offerings and reach into new markets.

## Funding rounds

- Series B, Apr 12, 2021 — Fanchuang Capital
- Series A, Jul 10, 2019 — Hangzhou Fuzhuo Venture Capital, Jiaxing Jince Investment Management
- Series A, Jan 1, 2018 — Ceyuan Ventures, Plum Ventures

## Investors

- Ceyuan Ventures (https://capitalatlas.ai/funds/ceyuan-ventures) — Series A
- Plum Ventures (https://capitalatlas.ai/funds/plum-ventures) — Series A
- Hangzhou Fuzhuo Venture Capital (https://capitalatlas.ai/funds/hangzhou-fuzhuo-venture-capital) — Series A
- Jiaxing Jince Investment Management — Series A
- Fanchuang Capital (https://capitalatlas.ai/funds/fanchuang-capital) — Series B