About Magalix
Magalix is a company based in Seattle (United States) founded in 2017 by Omar Mehilba and Mohamed Ahmed was acquired by Weaveworks in January 2022.. Magalix has raised $3.7 million across 2 funding rounds from investors including Weaveworks. Magalix operates in a competitive market with competitors including Weaveworks, Devtron, Wercker, TenXCloud and Evolute, among others.
- Headquarter Seattle, United States
- Founders Omar Mehilba, Mohamed Ahmed
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
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- Legal Name Magalix Corporation
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$3.7 M (USD)
in 2 rounds
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Latest Funding Round
$3.2 M (USD), Series A
Mar 27, 2020
- Investors
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Employee Count
Employee Count
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Acquired by
Weaveworks
(Jan 26, 2022)
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Funding Insights of Magalix
Magalix has successfully raised a total of $3.7M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $3.2 million completed in March 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $3.2M
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First Round
First Round
(26 Jun 2017)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2020 | Amount | Series A - Magalix | Valuation |
investors |
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| Jun, 2017 | Amount | Seed - Magalix | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Magalix
Magalix has secured backing from 1 investor. Prominent investors backing the company include Weaveworks. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Offers enterprise Kubernetes and application management solutions based on GitOps.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Magalix
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Magalix
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Magalix Comparisons
Competitors of Magalix
Magalix operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Weaveworks, Devtron, Wercker, TenXCloud and Evolute, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Offers enterprise Kubernetes and application management solutions based on GitOps.
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| domain | founded_year | HQ Location |
Cloud based kubernetes release management software
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| domain | founded_year | HQ Location |
Docker-native CI/CD automation is delivered for Kubernetes deployments.
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| domain | founded_year | HQ Location |
Docker management platform
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| domain | founded_year | HQ Location |
Containerized applications are managed and deployed via Evolute's cloud platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Magalix
When was Magalix founded?
Magalix was founded in 2017.
Where is Magalix located?
Magalix is headquartered in Seattle, United States. It is registered at Seattle, Washington, United States.
Who is the current CEO of Magalix?
Mohamed Ahmed is the current CEO of Magalix. They have also founded this company.
Is Magalix a funded company?
Magalix is a funded company, having raised a total of $3.7M across 2 funding rounds to date. The company's 1st funding round was a Seed of $502.53K, raised on Jun 26, 2017.
What does Magalix do?
Magalix was founded in 2017 in Seattle, United States, within the cloud computing sector. A platform for executing containers and Kubernetes without virtual machines is operated. AI-driven services for application intelligence and cloud-neutral development are delivered. Kubernetes clusters are managed on autopilot, while serverless containers are hosted on secure setups across major cloud providers. Ongoing monitoring and scaling of containers and virtual machines are handled according to business requirements.
Who are the top competitors of Magalix?
Magalix's top competitors include TenXCloud, Evolute and Containership.io.
Who are Magalix's investors?
Magalix has 1 investor. Key investors include Weaveworks.
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