What is Magnetic Insight?
Founded in 2012 and headquartered in Alameda, California, Magnetic Insight is an early-stage diagnostic imaging company. The company is focused on developing innovative solutions within the medical diagnostics sector, aiming to enhance the capabilities of imaging for disease detection and monitoring. Its strategic positioning in the burgeoning field of diagnostic imaging suggests a commitment to leveraging advanced technology to address critical healthcare needs.
How much funding has Magnetic Insight raised?
Magnetic Insight has raised a total of $41.6M across 6 funding rounds:
Angel/Seed
$3M
Other Financing Round
$2.5M
Series A
$18M
Debt
$350K
Debt
$745K
Series B
$17M
Angel/Seed (2016): $3M with participation from Sand Hill Angels
Other Financing Round (2017): $2.5M led by SV Tech Ventures and Sand Hill Angels
Series A (2018): $18M supported by 5AM Ventures
Debt (2020): $350K featuring PPP
Debt (2021): $745K backed by PPP
Series B (2022): $17M with participation from Celesta, Gaingels, 5AM Ventures, Alumni Ventures, and Sand Hill Angels
Key Investors in Magnetic Insight
Celesta
Celesta Capital is a global venture capital firm focused on deep technology investments across areas such as semiconductors, intelligent systems, and bio-convergence, backing science- and engineering-driven startups.
Gaingels
Gaingels is the leading investment syndicate in support of and representing the LGBTQ community and allies in the venture capital space, investing in companies with LGBT founders and C-suite leaders, as well as other high-growth companies resolved on building more inclusive teams.
5AM Ventures
Five AM Ventures is a life science focused venture capital firm that backs early stage biotech and health care innovators, partnering closely with founders to shape companies and fund rigorous science.
What's next for Magnetic Insight?
The substantial enterprise-level funding indicates a critical growth phase for Magnetic Insight, likely enabling the company to scale its operations, further develop its proprietary diagnostic imaging technology, and expand its market reach. This strategic investment is expected to fuel research and development, clinical trials, and commercialization efforts, positioning Magnetic Insight for significant advancements in the competitive diagnostic imaging landscape. The company's trajectory suggests a focus on translating its technological innovations into tangible clinical applications.
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