About Magnify
Magnify is a company based in Seattle (United States) founded in 2018. It operates as a AI-as-a-Service, and SaaS (Software-as-a-Service). Magnify has raised $12 million across 2 funding rounds from investors including Madrona, Decibel and Bill Richter. The company has 9 employees as of December 31, 2022. Magnify offers products and services including Magnify AI Solution. Magnify operates in a competitive market with competitors including Brightback, SilkChart, Upollo, UrbanFox and Cultos, among others.
- Headquarter Seattle, United States
- Employees 9 as on 31 Dec, 2022
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Sectors
Technology
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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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Total Equity Funding
$12 M (USD)
in 2 rounds
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Latest Funding Round
$6 M (USD), Seed
Feb 09, 2024
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Investors
Madrona
& 6 more
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Employee Count
9
as on Dec 31, 2022
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Products & Services of Magnify
Magnify offers a comprehensive portfolio of products and services, including Magnify AI Solution. 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.
AI solution is used for revenue growth automation.
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Leadership Team
3 people
Software Development Team
3 people
Sales and Marketing
3 people
Board Team
1 people
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Funding Insights of Magnify
Magnify has successfully raised a total of $12M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $6 million completed in February 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 2
- Last Round Seed — $6.0M
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First Round
First Round
(01 Nov 2021)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2024 | Amount | Seed - Magnify | Valuation |
investors |
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| Nov, 2021 | Amount | Seed - Magnify | Valuation | Madrona Venture Group |
| 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 Magnify
Magnify has secured backing from 7 investors, including venture fund and angel investors. Prominent investors backing the company include Madrona, Decibel and Bill Richter. 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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Venture capital investing in AI, biotech, and technology sectors, focusing on seed and early stages in Seattle and beyond.
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Founded Year | Domain | Location | |
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Decibel is focused on investing in technical software startups.
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Founded Year | Domain | Location | |
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BR
Bill Richter |
Angel investor and tech executive, focusing on Indian startups and global tech.
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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 Magnify
| 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 - Magnify
| 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 |
Magnify Comparisons
Competitors of Magnify
Magnify 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 Brightback, SilkChart, Upollo, UrbanFox and Cultos, 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 |
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| domain | founded_year | HQ Location |
Customer retention and churn management are enabled by Brightback's software.
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| domain | founded_year | HQ Location |
Offering customer retention solutions
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| domain | founded_year | HQ Location |
Conversion rate optimization solutions are delivered via the Upollo platform.
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| domain | founded_year | HQ Location |
AI-enabled analytics platform for sales and customer retention
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| domain | founded_year | HQ Location |
Loyalty and influencer marketing services are provided by Cultos.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Magnify
When was Magnify founded?
Magnify was founded in 2018 and raised its 1st funding round 3 years after it was founded.
Where is Magnify located?
Magnify is headquartered in Seattle, United States. It is registered at Seattle, Washington, United States.
Is Magnify a funded company?
Magnify is a funded company, having raised a total of $12M across 2 funding rounds to date. The company's 1st funding round was a Seed of $6M, raised on Nov 01, 2021.
How many employees does Magnify have?
As of Dec 31, 2022, the latest employee count at Magnify is 9.
What does Magnify do?
Magnify is established as a prominent provider of AI solutions tailored for Go-To-Market (GTM) teams. The company focuses on enhancing revenue growth, expanding product adoption, and reducing churn through automation and actionable insights. Solutions are designed to integrate seamlessly with existing systems, enabling scalable customer engagement and efficient lifecycle management. Key sectors served include technology and customer success, with an emphasis on driving product-led growth and optimizing digital customer success programs without increasing headcount.
Who are the top competitors of Magnify?
Magnify's top competitors include UrbanFox, SilkChart and Brightback.
What products or services does Magnify offer?
Magnify offers Magnify AI Solution.