Overview

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Total Equity Funding
$59.77M in 2 Rounds from 1 Investor
Most Recent Funding
$47.17M Series B on August 20, 2012
Headquarters:
Palo Alto, California
Description:
Magnet Systems develops mobile application server software to simplify the development and deployment of mobile enterprise apps.
Founders:
,
Categories:
E-Commerce, App Marketing, Mobile
Website:
http://magnet.com
Social:

Company Details

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Great mobile experiences require an enterprise-class, mobile-first architecture with robust back end capabilities, rich interactions, reliable transactions and contextual personalization.

Magnet Systems powers the next-generation of mobile apps with software, infrastructure and tools to build enterprise-grade mobile apps that meet the expectations of users today and the demands of tomorrow.

Headquartered in Palo Alto, California, Magnet is funded by Andreessen-Horowitz, Alfred Chuang (previously a founder and CEO of BEA Systems).

Funding Rounds (2) - $59.77M

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DateAmount / RoundValuationLead InvestorInvestors
Aug, 2012$47.17M / Series B1
Apr, 2011$12.6M / Series A1

Investors (1)

InvestorRound(s)Partner(s)
Series A (Lead)
Series B (Lead)

Current Team (5)

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Board Members and Advisors (3)

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Products (5)

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  • Provide enterprise app store capabilities for distributing and managing mobile apps
  • Magnet’s open source architecture provides APIs, SDKs and tooling for faster application development
  • Magnet Message is an open source mobile messaging framework
  • Generate customized server runtime and matching native APIs (iOS, Android and JavaScript) for mobile platforms
  • Provide scalable, responsive, reliable, and secure run-time services to enable contextual and trusted mobile app experiences

Offices/Locations (1)

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  • Headquarters

    2300 Geng Road

    Suite 100

    Palo Alto, California 94301

    United States

Past Team (9)

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Past Event Appearances (4)

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