About Magnite
Magnite is a publicly listed company based in Los Angeles (United States) founded in 2011, and was acquired by SpotX in February 2021. SSP software is provided for publishers content monetization across screens. Magnite has raised $37 million across 2 funding rounds from investors including Magnite and W Capital Partners. The company has 905 employees. Magnite has completed 5 acquisitions, including Magnite, SlimCut and SlimCut Media. Its website magnite.com draws about 121 thousand monthly visits. Its Indian entity Magnite Advertising Solutions India Private Limited reported revenue of ₹51.81 Cr. Magnite offers products and services including SpringServe and DV+ Streaming. Its focus areas include Enterprise Applications, AdTech, Supply Side Platform and Cross-Device. Its competitors include PubMatic, Sovrn and Sonobi; 3 of its 3 listed competitors have raised funding.
Company details
Magnite was founded in 2011 and is headquartered in Los Angeles, United States. The company operates in the digital advertising sector, where a supply-side platform is offered to publishers. Content monetization is enabled across formats such as CTV, video, and audio. A dashboard is included for ad campaign monitoring, along with reports that analyze bidding and buyer patterns.
- Headquarters Los Angeles, United States
- Employees 905
- Stage Public
- SectorsMedia & Entertainment
- Website category Finance · Investing
- Website magnite.com
- Social LinkedIn X Facebook Instagram YouTube
- Acquired by SpotX (Feb 2021)
- Legal Name Magnite Advertising Solutions India Private Limited
- Date of Incorporation 20 Jul, 2022
- Jurisdiction Thane, Maharashtra, India
- Indian entity revenue₹51.81 Cr
FY 2025 · +1379% YoY
- Indian entity net profit₹1.60 Cr
FY 2025 · 3% margin
- Indian entity EBITDA₹2.16 Cr
FY 2025 · 4% margin
- Total Equity Funding$37M (USD)
in 2 rounds
- Latest Funding Round$350M (USD), Post-IPO
Mar 2021
- InvestorsMagnite
& 1 more
- Employee Count905
- Investments & AcquisitionsMagnite
& 4 more
- Acquired bySpotX
(Feb 2021)
Associated legal entities of Magnite
Magnite operates through Magnite Advertising Solutions India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Magnite Advertising Solutions India Private Limited CIN U74999MH2022FTC387188 | Active | 20 Jul 2022 | Thane, Maharashtra | ₹51.8 Cr | 3 | View details |
Products & Services of Magnite
Magnite offers a comprehensive portfolio of products and services, including SpringServe and DV+ Streaming.
Manages streaming ad inventory for efficient monetization.
Facilitates programmatic streaming video advertising solutions.
Apps and channels of Magnite
its YouTube channel Magnite has 845 subscribers and 30 videos.
Videos from Magnite
The most watched videos on Magnite's YouTube channel, Magnite (845 subscribers). Click a video to play it here.
More on Magnite.
Funding Insights of Magnite
Magnite has successfully raised a total of $37M across 2 strategic funding rounds. The most recent funding activity was a Post-IPO round of $350 million completed in March 2021. 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 $37M
- Total Rounds 2
- Last Round Post-IPO — $350M
- First Round $37M
(Sep 2011)
- Investors Count 1
All 2 funding rounds of Magnite with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2021 | $350M | Post-IPO | – | – | – |
| Sep 2011 | $37M | Series D | – | – |
2 investors in total: 2 institutional.
Investors in Magnite
Magnite has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Magnite and W Capital Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investment management firm which invests in direct secondary market | 2001 | wcapgroup.com | New York, United States | |
Magnite is recognized as a leading independent sell-side advertising company. | 2007 | spotx.tv | Broomfield, United States |
Investor details for Magnite
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Verified entity values are shown only after access is granted.
Board of directors of Magnite Advertising Solutions India Private Limited (Magnite)
Magnite Advertising Solutions India Private Limited is the primary company behind Magnite. The board of Magnite Advertising Solutions India Private Limited currently have 3 directors; the longest-serving is Elie Tawil, appointed in 2022. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Elie Tawil DIN 09680429 | Director | 20 Jul 2022 | 4 yrs 3 mo | Magnite Advertising Solutions India Private Limited |
| David Day DIN 09680430 | Director | 20 Jul 2022 | 4 yrs 3 mo | Magnite Advertising Solutions India Private Limited |
| Sameer Kanchan DIN 07704310 | Director | 31 Jan 2024 | 2 yrs 9 mo | Magnite Advertising Solutions India Private Limited |
People of Magnite
337 people are tracked at Magnite (179 in leadership, 158 in team); the tracked headcount is 905.
| Name | Role | Group |
|---|---|---|
David Hertog | Chief Marketing Officer | Leadership |
Aaron Saltz | Chief Legal Officer | Leadership |
Madison Rieger | Account Director, Revenue Strategy, Streaming Supply Partnerships | Leadership |
Julian Carvalho | Senior Director, Demand Strategy | Leadership |
Anna Hewitt | Senior Director, Product Strategy | Leadership |
Loris Matha | Senior Account Director, Demand Manager, EMEA | Leadership |
Kyle Larsen | Director, Demand Strategy | Leadership |
Katie Evans | President, Operations | Leadership |
Erik Hovanec | Chief Strategy Officer | Leadership |
Michael Barrett | President & CEO | Leadership |
Brian Gephart | Chief Accounting Officer | Leadership |
Sean Buckley | President, Revenue | Leadership |
Adam Soroca | Chief Product Officer | Leadership |
Shawna Hughes | Chief People Officer | Leadership |
Jason Tokunaga | Director, Build Engineering | Leadership |
Ben Chivers | Vice President, Client Operations, International | Leadership |
Nick Kormeluk | Senior VP Investor Relations And Head Of Global Real Estate | Leadership |
Lisa Cummings | Sr. Director, Demand Platform Partnerships | Leadership |
Rebecca Ackers | Vp, Commercial UK (& Dv+ Strategy Emea) | Leadership |
Wil Heitritter | Vp, Production Engineering And Security Officer | Leadership |
317 more people are available in the full profile.
Complete people profiles for Magnite
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Verified entity values are shown only after access is granted.
IPO & Listings of Magnite
Magnite is a publicly listed company on the NASDAQ with ticker symbol MGNI in USA, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date26 Feb 2021
- Listed onBMV: MGNI
- Listed entityMagnite, Inc.
- Exchange sectorTechnology services
Financials of Magnite
Figures of Magnite Advertising Solutions India Private Limited, the primary company behind Magnite, for FY 2025. Revenue was ₹51.81 Cr (+1379% year on year). Net profit was ₹1.60 Cr (3% margin). EBITDA was ₹2.16 Cr (4% margin).
- ₹51.81 CrRevenue · FY 2025 · +1379% YoY
- ₹1.60 CrNet profit · 3% margin
- ₹2.16 CrEBITDA · 4% margin
- ₹1.57 CrPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Magnite Advertising Solutions India Private Limited are on its company page.
Detailed financial statements for Magnite
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Magnite
Magnite has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include Magnite, SlimCut and SlimCut Media.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Streamr.ai is focused on providing self-serve CTV advertising solutions for businesses. | streamr.ai | 0 | Sep 2025 | •••• | ||
Video advertisement serving platform | springserve.com | New York, United States | 2015 | Jul 2021 | $31M | |
Magnite is recognized as a leading independent sell-side advertising company. | spotx.tv | Broomfield, United States | 2007 | Feb 2021 | $1.17B | |
Advertising services are provided to clients by SlimCut. | slimcut.com | Toronto, Canada | 2014 | Jun 2018 | •••• | |
Advertising inventory is created for publishers via in-article video units. | slimcutmedia.com | Toronto, Canada | 2011 | Jun 2018 | •••• |
Complete acquisition details for Magnite
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
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- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Magnite
10 dated milestones of Magnite across 14 years, from founding to its latest funding, stage changes and deals.
- Founded Magnite is founded.
- Funding First funding round of $37.0M.
- Acquisition Acquires SlimCut.
- Acquisition Acquires SlimCut Media.
- Acquisition Acquires Magnite.
- Exit Acquired by SpotX.
- IPO Lists on the stock exchange (IPO).
- Funding Latest funding round, Post-IPO, of $350.0M.
- Acquisition Acquires SpringServe.
- Acquisition Acquires Streamr.ai.
Competitors of Magnite
Magnite has 3 listed competitors in our database, 3 of them funded. They include PubMatic, Sovrn and Sonobi.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| pubmatic.com | 2006 | Redwood, United States | $31M | 140 | SSP software is offered to publishers for ad inventory sales. | |
| sovrn.com | 2006 | Boulder, United States | $99.85M | 195 | Platform offering SSP solution | |
| sonobi.com | 2011 | New York, United States | $10.4M | 96 | Premium programmatic advertising solutions are provided for publishers and advertisers. |
Detailed competitors of Magnite
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Web traffic of Magnite
The website of Magnite (magnite.com) receives about 121.2K visits a month and ranks #314,716 among all websites worldwide, #3,323 in Investing.
- Monthly visits121.2K
▲ 12.7% vs previous month
- Unique visitors38.9K
per month
- Global rank#314,716
among all websites
- Category rank#3,323
Finance · Investing
- Bounce rate37%
- Pages per visit3.2
- Average visit1 min 51 sec
- DevicesDesktop 51% · Mobile 49%
Websites whose visitors overlap most with Magnite. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| stocktitan.net | 100% | #47,372 | View details | ||
| advanced-television.com | 60% | #354,792 | View details |
Top companies in Advertising & Marketing Tech
3 companies that operate in the same segment as Magnite (Advertising & Marketing Tech) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
AI-powered platform manages marketing creatives and customer journeys. | 1982 | San Jose, California, United States | USD 23.77 B | 30,710 | ||
Ad verification solutions are delivered for digital media campaigns. | 2008 | New York, New York, United States | USD 396.5 M | USD 748.29 M | 1,200 | |
Native advertising solutions are delivered via a cloud-based content platform. | 2006 | New York, New York, United States | USD 403.72 M | USD 1.3 B | 1,800 |
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Related news about Magnite
Complete news archive for Magnite
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Frequently Asked Questions about Magnite
Magnite was founded in 2011.
Magnite is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
Magnite is a funded company, having raised a total of $37M across 2 funding rounds to date. The company's 1st funding round was a Series D of $37M, raised on Sep 2011.
Magnite has 905 employees.
The primary company behind Magnite, Magnite Advertising Solutions India Private Limited, reported revenue of ₹51.81 Cr for FY 2025, up 1379% year on year.
Magnite was founded in 2011 and is headquartered in Los Angeles, United States. The company operates in the digital advertising sector, where a supply-side platform is offered to publishers. Content monetization is enabled across formats such as CTV, video, and audio. A dashboard is included for ad campaign monitoring, along with reports that analyze bidding and buyer patterns.
Magnite offers SpringServe and DV+ Streaming.
Yes, Magnite is publicly traded on NASDAQ under the ticker symbol MGNI.
Magnite has made 5 acquisitions, including Magnite, SlimCut, and SlimCut Media.
Magnite has 2 investors. Key investors include Magnite, and W Capital Partners.
Magnite operates through Magnite Advertising Solutions India Private Limited.