Magnetic
Latest round
- Series A
Last raised
- May 2019
Total raised
- $3.4M
Investors
- 5
About Magnetic
io, is an AIOps platform for Cloud-Native Release Orchestration that automates and self-heals software releases. The company was founded by Olaf Molenveld (CTO) and Herman Heinen, with Nico Vierhout serving as the current CEO. In May 2021, CircleCI acquired the company. The company platform’s features include canary releasing workflows with smart rollbacks, self-service PaaS-style deployments and releasing, label-based service gateway creation, service routing & API orchestration, feature flagging/toggling, intelligent SLA-based autoscaling, multi-cloud/cluster/scheduler, installer and configuration manager, event & metric system, and role-based access control. The company generates revenue by pricing its monthly/annually paid platform packages, including startup teams, scale-up teams, and enterprise teams. The company has plans on growing its open source community and is also working to develop enterprise-grade features that its largest customers need.
Who invested in Magnetic
5 investors across 3 rounds
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Questions about Magnetic
Who invested in Magnetic?
Magnetic has 5 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Magnetic raised?
Magnetic has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did Magnetic last raise money?
Magnetic's most recent round on record is a Series A, in May 2019.
What does Magnetic do?
io, is an AIOps platform for Cloud-Native Release Orchestration that automates and self-heals software releases.
Where is Magnetic headquartered?
Magnetic is headquartered in Amsterdam, Netherlands.
Which VCs invest in companies like Magnetic?
Among active investors with capital left to deploy, Index Ventures, Forbion, European Investment Bank and Highland Europe back it infrastructure companies at Magnetic's stage. Their profiles are linked below.
VCs backing it infrastructure startups at Series A
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