1
Magma to launch US expansion from Miami
Magma, a property technology startup based in Paris will be opening an office in Miami to launch its US operations.
For CEO Matthieu Merchadou, it’s a homecoming of sorts, as he was here in MiamiTech’s early days. He told the South Florida Business Journal that Magma chose Miami because of the strength of South Florida’s property market and the tri-county region’s status as an emerging financial and technology hub.
By combining trusted building data, digital twins, and blockchain-based traceability, Magma is building a new layer of real estate digital infrastructure designed to help structure, verify, and activate building data for the next generation of real estate operations, AI, and investment. Merchadou said the company plans to hire 10 people locally to join its 15 existing employees, the Business Journal reported, and it will be Magma’s first US location, likely in Brickell. The Miami-Dade Beacon Council is assisting with the expansion…