About Magnendo
Magnendo is a company based in Boston (United States) founded in 2024 by Miki Rosenberg and Yoonho Kim.. Magnendo has raised $2.25 million across 1 funding round. Magnendo offers products and services including Robotic Guidewire and Neurovascular Robotic System. Magnendo operates in a competitive market with competitors including Route 92 Medical, Autonomix, Balt, Capri-Medical and Neuro Front, among others.
- Headquarter Boston, United States
- Founders Miki Rosenberg, Yoonho Kim
-
Sectors
Healthcare
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Magnendo Corp
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$2.25 M (USD)
in 1 rounds
-
Latest Funding Round
$2.25 M (USD), Seed
Jun 05, 2024
-
Investors
-
Employee Count
Employee Count
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Magnendo
Magnendo offers a comprehensive portfolio of products and services, including Robotic Guidewire and Neurovascular Robotic System. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Enables magnetic steering for safer brain vasculature navigation in procedures.
Facilitates telerobotic interventions to treat strokes and aneurysms effectively.
Funding Insights of Magnendo
Magnendo has successfully raised a total of $2.25M through 1 strategic funding round. The most recent funding activity was a Seed round of $2.25 million completed in June 2024. 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 1
- Last Round Seed — $2.3M
-
First Round
First Round
(05 Jun 2024)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2024 | Amount | Seed - Magnendo | Valuation |
investors |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Magnendo
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Magnendo
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Magnendo Comparisons
Competitors of Magnendo
Magnendo 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 Route 92 Medical, Autonomix, Balt, Capri-Medical and Neuro Front, 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 |
Next-generation products for neurointerventional procedures are developed.
|
|
| domain | founded_year | HQ Location |
Minimally invasive neural monitoring and treatment devices are developed.
|
|
| domain | founded_year | HQ Location |
Interventional neuroradiology devices for vascular malformations are developed.
|
|
| domain | founded_year | HQ Location |
Injectable neurostimulation devices are developed for neurological treatments.
|
|
| domain | founded_year | HQ Location |
Transformation medicines and neuromodulation devices for neurological disorders are developed.
|
|
| domain | founded_year | HQ Location |
Minimally invasive neurosurgical equipment and neuromodulation technologies are developed.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Magnendo
Frequently Asked Questions about Magnendo
When was Magnendo founded?
Magnendo was founded in 2024.
Where is Magnendo located?
Magnendo is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Who is the current CEO of Magnendo?
Yoonho Kim is the current CEO of Magnendo. They have also founded this company.
Is Magnendo a funded company?
Magnendo is a funded company, having raised a total of $2.25M across 1 funding round to date. The company's 1st funding round was a Seed of $2.25M, raised on Jun 05, 2024.
What does Magnendo do?
Magnendo was founded in 2024 in Boston, United States, within the medtech sector focused on neurovascular applications. Devices such as magnetically steerable soft-robotic guidewires are developed for minimally invasive procedures addressing stroke and brain aneurysms. Operations center on improving procedural efficiency and reducing complications in the brains vasculature, with services targeted at healthcare providers to enhance patient outcomes.
Who are the top competitors of Magnendo?
Magnendo's top competitors include Route 92 Medical, Autonomix and Neuro Front.
What products or services does Magnendo offer?
Magnendo offers Robotic Guidewire and Neurovascular Robotic System.