# Magic Pony Technology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/magic-pony-technology

- Industry: Internet
- Headquarters: London, UK
- Website: www.magicpony.technology
- Total disclosed funding: $4.4M
- Latest round: Series A (Apr 27, 2016)
- Investors on record: 2

## About

Magic Pony Technology specializes in advanced image and video processing technologies, enhancing visual data interpretation for applications in social media and other digital platforms.Founded in 2014, Magic Pony Technology operates out of London, UK, focusing on video and image processing solutions. The company was acquired by Twitter, Inc. in June 2016 for USD 150 mn, which facilitated the strengthening of Twitter's capabilities in image-sharing and video services. The acquisition positioned Magic Pony as part of a larger framework of media technology innovations. Magic Pony Technology provides innovative solutions for image and video processing, enabling enhanced graphics and visual experiences for users of various digital platforms. Their technology is designed to optimize image quality and enhance video streaming capabilities, particularly within social media environments.For the year 2022, Magic Pony Technology reported a revenue of USD 138,529.20 and an EBITDA of USD 189,240.70, reflecting its operational performance in the tech sector.Magic Pony Technology plans to leverage its acquisition by Twitter to explore new product offerings focused on image processing enhancements for live video and streaming services. The company is targeting expansion into markets across Europe and North America by 2025, aiming to capture a broader user base. Recent funding from the USD 150 mn acquisition will support the development of these new technologies and facilitate market entry initiatives.

## Funding rounds

- Series A, Apr 27, 2016, $4.4M — Balderton Capital, Octopus Investments

## Investors

- Balderton Capital (https://capitalatlas.ai/funds/balderton-capital) — Series A
- Octopus Investments (https://capitalatlas.ai/funds/octopus-investments) — Series A