# Magnendo

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/magnendo

- Industry: Medical Devices & Equipment
- Headquarters: Newton, US
- Website: www.magnendo.com/
- Total disclosed funding: $18M
- Latest round: Series A (Jul 17, 2026)
- Investors on record: 3

## About

Based in Massachusetts, US, founded in 2024, Magnendo Corp., develops innovative medical devices. The company was co-founded by Yoonho Kim (CEO as of 2026) and Miki Rosenberg. In July 2026, Magnendo Corp. raised USD 18 million in Series A funding led by Penumbra, Inc, with participation from Bass Ventures and Kakao Ventures.

Magnendo Corp.'s primary offering is its innovative magnetically steerable soft-robotic guidewire, designed to improve access to complex brain vasculature during neuroendovascular procedures. This advanced technology facilitates faster, safer, and more efficient navigation through the intricate anatomy of brain vessels. The guidewire focuses on critical use cases such as the treatment of strokes and brain aneurysms, ultimately enhancing patient outcomes while reducing procedural complications and costs. Magnendo Corp.'s solutions cater to hospitals and healthcare providers specializing in neurosurgery and vascular intervention, backed by extensive research from MIT.

Magnendo Corp. operates on a B2B transaction model, primarily selling its robotic guidewire technology to hospitals, surgical centers, and specialized medical institutions. The revenue structure includes direct sales agreements and potential partnerships with healthcare providers to integrate the technology into their neurointerventional practices. The flagship product is expected to command a premium pricing strategy reflective of its advanced capabilities. The transaction process may involve training and support services as part of the purchase agreement.

The company plans to use the July 2026 funding to advance its robotic navigation system and begin human studies.

## Funding rounds

- Series A, Jul 17, 2026, $18M — Penumbra, Inc., Kakao Ventures, Bass Ventures
- Seed, Feb 11, 2025 — Kakao Ventures, Bass Ventures

## Investors

- Kakao Ventures (https://capitalatlas.ai/funds/kakao-ventures) — Seed, Series A
- Bass Ventures (https://capitalatlas.ai/funds/bass-ventures) — Seed, Series A
- Penumbra, Inc. — Series A