AI video transformation startup Mago raised EUR 1.5 million (USD 1.6 million) in pre-seed funding from Berlin-based Atlantic Labs.
The funding will expand the team, accelerate development, and prepare for market launch in early 2025. The company plans to offer both subscription-based (SaaS) and on-premise options, along with a free version.
Built on co-founder Aleksandr Spirin's open-source project WarpFusion, which garnered over 150 million views on social media, Mago's platform enables the transformation of live-action footage into various artistic styles.
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