About Magnite
Magnite is a company based in Los Angeles (United States) founded in 2011 was acquired by SpotX in February 2021. Magnite has raised $37 million across 2 funding rounds from investors including Magnite and W Capital Partners. The company has 905 employees as of December 31, 2024. Magnite has completed 5 acquisitions, including Magnite, SlimCut and SlimCut Media. Magnite offers products and services including SpringServe and DV+ Streaming. Magnite operates in a competitive market with competitors including PubMatic, Sovrn, Sharethrough, Sonobi and Brightcom, among others.
- Headquarter Los Angeles, United States
- Employees 905 as on 31 Dec, 2024
- Stage Public
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Sectors
Media & Entertainment
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Magnite Advertising Solutions India Private Limited
- Date of Incorporation 20 Jul, 2022
- Jurisdiction Thane, Maharashtra, India
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Annual Revenue
$668.17 M (USD)7.82as on Dec 31, 2024
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Net Profit
$22.79 M (USD)0as on Dec 31, 2024
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EBITDA
$109.6 M (USD)17.5as on Dec 31, 2024
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Total Equity Funding
$37 M (USD)
in 2 rounds
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Latest Funding Round
$350 M (USD), Post-IPO
Mar 15, 2021
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Investors
Magnite
& 1 more
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Employee Count
905
as on Dec 31, 2024
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Investments & Acquisitions
Magnite
& 4 more
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Acquired by
SpotX
(Feb 05, 2021)
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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.
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.
People of Magnite
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Software Development Team
100 people
Leadership Team
69 people
Product Management Team
38 people
Sales and Marketing
26 people
Operations Team
19 people
Finance and Accounting
17 people
Senior Team
17 people
Legal and Compliance
8 people
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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.
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 |
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Investment management firm which invests in direct secondary market
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Locked | Locked | Locked | |
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Magnite is recognized as a leading independent sell-side advertising company.
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Locked | Locked | Locked |
Investor details for Magnite
Investor domains, locations, round participation, and complete history require an active premium plan.
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- Investor locations
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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.
Investment portfolio details for Magnite
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Video advertisement serving platform
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Locked | Locked | 2015 | Locked | |
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Advertising services are provided to clients by SlimCut.
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Locked | Locked | 2014 | Locked | |
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Advertising inventory is created for publishers via in-article video units.
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Locked | Locked | 2011 | Locked |
Complete acquisition details for Magnite
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- Transaction dates
- Acquired stakes
- Disclosed values
- Domains and locations
Verified entity values are shown only after access is granted.
Financial Statements - Magnite
Detailed financials for Magnite
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
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- Profit trends
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Magnite Comparisons
Peer comparison for Magnite
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- Headcount comparison
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- Operating benchmarks
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Competitors of Magnite
Magnite 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 PubMatic, Sovrn, Sharethrough, Sonobi and Brightcom, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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| Locked | Locked | Locked |
SSP software is offered to publishers for ad inventory sales.
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Platform offering SSP solution
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| Locked | Locked | Locked |
Ad network software is offered to connect advertisers and publishers.
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| Locked | Locked | Locked |
Premium programmatic advertising solutions are provided for publishers and advertisers.
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| Locked | Locked | Locked |
Digital ad inventory is monetized across devices by publisher platform.
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| Locked | Locked | Locked |
Platform offering SSP software
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Detailed competitors of Magnite
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
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- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Magnite
Complete news archive for Magnite
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
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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.
As of Dec 31, 2024, the latest employee count at Magnite is 905.
Annual revenue of Magnite is $668.17M as on Dec 31, 2024.
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's top competitors include PubMatic, Sovrn and Sharethrough.
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.
The ticker symbol of Magnite is MGNI on NASDAQ.