About MAGNET
MAGNET is a company based in Cleveland (United States) founded in 1984.. MAGNET offers products and services including Consulting Services and Talent Development. MAGNET operates in a competitive market with competitors including Bastian Solutions, SMS group, Tecnalia, Arima and SolutionBuggy, among others.
- Headquarter Cleveland, United States
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Sectors
Business Services
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Email
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
HHS
& 3 more
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Employee Count
Employee Count
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Products & Services of MAGNET
MAGNET offers a comprehensive portfolio of products and services, including Consulting Services and Talent Development. 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.
Offers operational and strategic support for manufacturers.
Provides programs for youth and adult upskilling in manufacturing.
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Funding Insights of MAGNET
- Total Funding Total Funding
- Total Rounds 4
- Last Round Last Round
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First Round
First Round
(22 Jul 2009)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Apr, 2021 | Amount | Grant - MAGNET | Valuation |
investors |
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| Apr, 2011 | Amount | Grant - MAGNET | Valuation |
investors |
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| Sep, 2010 | Amount | Grant - MAGNET | Valuation |
investors |
| 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 MAGNET
MAGNET has secured backing from 4 investors, including institutional investors. Prominent investors backing the company include HHS, Economic Development Administration and National Oceanic and Atmospheric Administration. 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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Provider of economic development services
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Founded Year | Domain | Location | |
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Public health and human services are overseen by HHS.
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Founded Year | Domain | Location | |
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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 MAGNET
| 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 - MAGNET
| 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 |
Magnet Comparisons
Competitors of MAGNET
MAGNET 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 Bastian Solutions, SMS group, Tecnalia, Arima and SolutionBuggy, 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 |
Material handling solutions and automation consulting services
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| domain | founded_year | HQ Location |
Plants, equipment, and integrated services for metals production are supplied.
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| domain | founded_year | HQ Location |
Management consulting services are provided to various clients.
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| domain | founded_year | HQ Location |
Production planning is optimized by Arima's AI-based Syncrun platform.
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| domain | founded_year | HQ Location |
Consulting services for manufacturing, industrial, and engineering fields are offered.
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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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Latest news on Magnet
Frequently Asked Questions about MAGNET
When was MAGNET founded?
MAGNET was founded in 1984 and raised its 1st funding round 25 years after it was founded.
Where is MAGNET located?
MAGNET is headquartered in Cleveland, United States. It is registered at Cleveland, Ohio, United States.
What does MAGNET do?
MAGNET, established in 1984, excels in providing business support, management consulting services, industry specific, and producing manufactured goods. Provider of manufacturing consulting services. Committed to advancing standards, it focuses on innovation, efficiency, and delivering value to clients worldwide. It continues to evolve, meeting industry challenges with strategic approaches.
Who are the top competitors of MAGNET?
MAGNET's top competitors include Bastian Solutions, Tecnalia and SMS group.
What products or services does MAGNET offer?
MAGNET offers Consulting Services and Talent Development.
Who are MAGNET's investors?
MAGNET has 4 investors. Key investors include HHS, Economic Development Administration, National Oceanic and Atmospheric Administration, and US Department of Labor.
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