Magma, an Austin, TX-based provider of a collaborative browser-based art creation and project management platform, raised $5M in Seed funding. Led by CEO Damien Kaczmarck, Magma provides a cloud-based art collaboration platform that facilitates global creative teamwork. The professional art collaboration and management tool that offers integrated version control, in-app video chat, and generative AI. Users have complete control over the whole creative process and can leverage in-canvas tools and a management dashboard for streamlined feedback, including rapid preview, edits, storage, and easy access to all team artwork. Partners include Pitch Dev Studios, Virtuos, Wooga, Wacom, Seneca College, and North Carolina State University.