Magnetic - About the company
Magnetic is an acquired company based in New York City (United States), founded in 2008 by Joshua Shatkin-Margolis. It operates as a Search retargeting platform. Magnetic has raised $47.8M in funding from Edison Partners and CRV. The company has 1422 active competitors, including 233 funded and 165 that have exited. Its top competitors include companies like Klaviyo, Rokt Technologies and Riskified.
Company Details
Magnetic is a search retargeting company that uses search data queries and its own real-time-bidder to buy audiences who have signaled either interest or purchase intent. Advertisers can engage users outside the search engine with creative messages. Also provides ecommerce sites, new sites and social network retargeting solution. Acquired Cognitive Match (May, 2014), a retargeting technology company which enabled marketers to build real-time ads based on product feeds, keywords, audience intent etc. Merged with Mybuys in May 2015.
- Website
- magnetic.com
- Email ID
- *****@magnetic.com
Key Metrics
Founded Year
2008
Location
New York City, United States
Stage
Acquired
Total Funding
$47.8M in 5 rounds
Latest Funding Round
Investors
Ranked
6th among 1422 active competitors
Employee Count
109 as on Aug 31, 2026
Exit Details
Acquired by Deloitte (Sep 10, 2018)
Legal entities associated with Magnetic
Magnetic is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Magnetic Corporation CIN: 593478314 , Belgium, Active | Dec 31, 2007 | - | 7 (As on Dec 31, 2011) | - |
Magnetic's acquisition details
Magnetic got acquired by Deloitte on Sep 10, 2018.
Click here to take a look at Magnetic's acquisition in detail
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Magnetic's funding and investors
Magnetic has raised a total funding of $47.8M over 5 rounds. Magnetic has 15 institutional investors and 1 angel investor.
Here is the list of recent funding rounds of Magnetic:
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Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Mar 29, 2017 | 8610664 | Series C | 3886531 | 3987493 | 1609286 | 5612449 |
May 20, 2015 | 9432518 | Series C | 2352855 | 7702120 | 7876906 | |
Jun 07, 2012 | 4265312 | Series B | 2969735 | 4075231 |
View details of Magnetic's funding rounds and investors
Magnetic's founders and board of directors
Founder? Claim ProfileThe founders of Magnetic is Joshua Shatkin-Margolis.
Here are the details of Magnetic's key team members:
- Joshua Shatkin-Margolis: Founder of Magnetic.
View details of Magnetic's Founder profiles and Board Members
Magnetic's employee count trend
Magnetic has 109 employees as of Aug 26. Here is Magnetic's employee count trend over the years:
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Magnetic's Competitors and alternates
Top competitors of Magnetic include Klaviyo, Rokt Technologies and Riskified. Here is the list of Top 10 competitors of Magnetic, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Klaviyo 2012, Boston (United States), Public | SaaS-based e-mail marketing software solutions for e-commerce businesses | $778M | 82/100 | |
2nd | Rokt Technologies 2012, United States, Series E | Personalized marketing tools for e-commerce businesses | $488M | 73/100 | |
3rd | Riskified 2013, New York City (United States), Public | AI-based payment fraud prevention solutions for e-commerce solution | $232M | 73/100 | |
4th | CommerceIQ 2012, Mountain View (United States), Series D | Provider of unified AI platform for retail ecommerce sales and optimization | $196M | 71/100 | |
5th | Signifyd 2011, Palo Alto (United States), Series E | Provider of fraud prevention and payment validation for online retailers | $394M | 70/100 | |
6th | Magnetic 2008, New York City (United States), Acquired | Search retargeting platform | $47.8M | 70/100 | |
7th | AdRoll 2006, San Francisco (United States), Series C | E-commerce marketing platform for brands and agencies with personalized advertising solutions. | $89M | 69/100 | |
8th | Bango 1999, Cambridge (United Kingdom), Public | Provider of marketing solutions for e-commerce businesses | - | 68/100 | |
9th | Nitro Commerce 2023, Gurugram (India), Series A | Developer of software tools for managing online commerce business operations | $6.95M | 68/100 | |
10th | Monetate 2008, Philadelphia (United States), Acquired | Platform offering end to end personalized solution for businesses | $43.9M | 67/100 |
Looking for more details on Magnetic's competitors? Click here to see the top ones
Magnetic's Investments and acquisitions
Magnetic has made 2 investments in companies including RentoMojo and Pluto. Magnetic has also acquired 5 companies including MyBuys and Cognitive Match.Here is the list of investments & acquisitions:
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Date of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Feb 21, 2024 | Investments | 2014 | Bengaluru (India) | |
Feb 07, 2024 | Investments | 2021 | Copenhagen (Denmark) | |
May 20, 2015 | Acquisition | 2006 | San Mateo (United States) |
See all acquisitions by Magnetic
Reports related to Magnetic
Here is the latest report on Magnetic's sector:
News related to Magnetic
Media has covered Magnetic for 1 event in last 1 year, It was about company updates.
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Progress Partners Advises on Sale of Magnetic to DeloitteBusiness Wire•Oct 03, 2018•Progress Partners, Deloitte, Magnetic, Deloitte Digital
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Deloitte Acquires Magnetic's Artificial Intelligence Platform BusinessPR Newswire•Sep 10, 2018•Deloitte, Magnetic, Deloitte Digital
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Corey Ferengul Named CEO Of Magnetic To Develop New Go-To-Market ApproachAdExchanger•Jan 11, 2018•Magnetic
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Retargetting Startup Cognitive Match Acquired By MagneticTechCrunch+•May 29, 2014•Cognitive Match, Magnetic
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Magnetic raises $4M to target ads using search data | VentureBeatVentureBeat•Jun 16, 2010•Magnetic, CRV, IA Ventures, Partnership for New York City and 1 other
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