When was Magic Lab founded?

Magic Lab was founded in 2004 and raised its 1st funding round 20 years after it was founded.

Where is Magic Lab located?

Magic Lab is headquartered in Los Angeles, United States.

Is Magic Lab a funded company?

Magic Lab is a funded company, having raised a total of $89.1M across 2 funding rounds to date. The company's 1st funding round was a $***** Angel round, raised on Dec 25, 2024.

When was the latest funding round of Magic Lab?

Magic Lab's latest funding was a $***** Series A round on Mar 10, 2026, with participation from 3 investors. Its primary sector is Professional Service Robots. In United States, the Professional Service Robots sector has seen $321M in funding in 2026 to date.

Where does Magic Lab rank among its competitors?

Magic Lab ranks 24th amongst 175 active competitors, of which 47 are funded. It stands 8th in terms of total funding among its competitors. The most recent competitor to raise funding was Sanctuary AI, which secured an undisclosed amount in May, 2026.

Who are the top competitors of Magic Lab?

Magic Lab's top competitors include UBTECH, Agility Robotics and Sanctuary AI. Among them, Sanctuary AI secured the most recent funding round in May, 2026.

Magic Lab - 2026 Company Profile, Team, Funding & Competitors

Magic Lab is a series A company based in Los Angeles (United States), founded in 2004. It operates as a Developer of humanoid and quadrupedal robots and robotic components. Magic Lab has raised $89.1M in funding. The company has 175 active competitors, including 47 funded and 8 that have exited. Its top competitors include companies like UBTECH, Agility Robotics and Sanctuary AI.

Company Details

Developer of humanoid and quadrupedal robots and robotic components. The company designs and manufactures robots for various applications, including industrial settings. They also produce robotic components such as dexterous robotic hands. The company's focus is on providing advanced robotic solutions for diverse sectors. Their offerings include both complete robotic systems and individual components, supporting integration into existing infrastructure.

Website: www.magiclab.top/en/
Email ID: *****@magiclab.top
Phone Number: +49 **********

Key Metrics

Founded Year

2004

Location

Los Angeles, United States

Stage

Series A

Total Funding

$89.1M in 2 rounds

Latest Funding Round

Series A, Mar 10, 2026, $*****

Investors

Tuopu & 6 more

Ranked

24^th among 175 active competitors

Similar Companies

UBTECH & 185 more

View Magic Lab's full profile

Magic Lab has raised a total funding of $89.1M over 2 rounds. Its first funding round was on Dec 25, 2024. Its latest funding round was a Series A round on Mar 10, 2026 for $*****. 3 investors participated in its latest round. Magic Lab has 7 institutional investors.

Here is the list of recent funding rounds of Magic Lab:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 10, 2026	8042075	Series A	2688890	5369243	2613256	2384664
Dec 25, 2024	5889356	Angel	5395620	3960050	6285154	1235549

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Top competitors of Magic Lab include UBTECH, Agility Robotics and Sanctuary AI. Here is the list of Top 10 competitors of Magic Lab, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	UBTECH 2012, Shenzhen (China), Public	Provider of service robots for diversified applications	$1.34B	Tencent, CDH & 26 others	71/100
2nd	Agility Robotics 2015, Salem (United States), Series C	Developer of robots and a cloud-based automation platform for logistics operations	$180M	Playground Global, DCVC & 20 others	69/100
3rd	Sanctuary AI 2018, Vancouver (Canada), Series A	Developer of AI-powered general-purpose robots for industrial applications	$100M	Workday Ventures, Export Development Canada ... & 18 others	65/100
4th	Apptronik 2016, Austin (United States), Series A	Developer of general-purpose humanoid robots for various applications and industries	$956M	B Capital, Capital Factory & 26 others	64/100
5th	AgiBot 2023, Shanghai (China), Series B	Developer of embodied artificial intelligence robots for various applications	$83.8M	YOFC Fund, Hillhouse Venture Capital & 17 others	64/100
6th	Unitree 2016, Hangzhou (China), Series C	Developer of quadruped robots, humanoid robots, robotic arms, and related components	$252M	Shanghai Science and Technology Innovation Fund, Beijing Robotics Industry Investment Fund ... & 29 others	64/100
7th	Mentee Robotics 2021, Herzliya (Israel), Acquired	Developer of humanoid robots	$17M	Ahren, Hookipa Ag & 1 others	62/100
8th	Limx Dynamics 2022, Shenzhen (China), Series B	Developer of embodied intelligent robotics and agentic operating system	$296M	Shang Qi Capital, China Merchants & 33 others	62/100
9th	Giga AI 2023, San Francisco (United States), Series A	Developer of AI-powered agents for enterprise support and customer engagement	$65.1M	Redpoint Ventures, Nexus Venture Partners ... & 5 others	62/100
10th	1X 2014, Palo Alto (United States), Series B	Provider of humanoid robots for personalized assistance	$126M	EQT, Tiger Global Management & 17 others	60/100
24th	Magic Lab 2004, Los Angeles (United States), Series A	Developer of humanoid and quadrupedal robots and robotic components	$89.1M	Tuopu, Su Da Tiangong Venture Capital Management ... & 5 others	47/100