Toronto company selling an AI operating system for insurance brokerages and carriers, built on SMS-native AI agents that handle quoting, underwriting questions, customer conversations and compliance review over text.
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Toronto company selling an AI operating system for insurance brokerages and carriers, built on SMS-native AI agents that handle quoting, underwriting questions, customer conversations and compliance review over text.
General Magic Technologies Inc. is an active federal corporation (BN 763513223) with its registered office in Toronto, incorporated June 2024. ised-isde.canada.ca
Rebranded from OpenSesame to General Magic on February 3, 2026 to focus on AI texting agents for insurance companies. betakit.com
Raised an oversubscribed US$7.2M seed round announced February 24, 2026, led by Radical Ventures with a16z Speedrun and angel investors including OpenAI's Larry James Erwin; US$8.4M raised to date. globenewswire.com
Working with one of the world's largest general insurers, General Magic's SMS-based agent cut time-to-quote from roughly 30 minutes to under 3 minutes. globenewswire.com
A manager at Vetare Insurance says General Magic's underwriting product "has taken the guesswork out of our process," shortening response times and increasing completed quotes. generalmagic.inc
Products General Magic publishes on its own site. Each card links to the page it was taken from.
AI operating system for insurance
Company describes an AI operating system for insurance brokerages built on three specialized agents — Edward (underwriting), Ava (customer) and Peter (compliance) — integrated with existing email, AMS and CRM tools, operating 24/7 and routing complex cases to licensed brokers.
Learn moreAnnounced rounds only, newest first. Undisclosed amounts are shown as undisclosed.
Feb 24, 2026
Investors: Radical Ventures, a16z Speedrun, Comma Capital
General Magic closed an oversubscribed US$7.2M seed round led by Radical Ventures with a16z Speedrun and angel participation, bringing total funding to US$8.4M, to scale its SMS-native insurance AI agents.
OpenSesame rebranded to General Magic to focus on building SMS-native AI agents for insurance companies, reflecting Gen Z consumers' preference for texting over phone calls.
Sourced from the company's own pages or announcements.
Jai Mansukhani
Co-Founder
Anthony Azrak
Co-Founder
Terms the company uses about its own work.
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