Valuation
$173.8K
2021 Revenue
$57.9K
Funding
$0
Team
2
Founded
2014
How Magnet CEO Tanmay Desai grew Magnet to $57.9K revenue with a 2 person team in 2021.
Developer of a wearable device designed to help users in nonverbal communication. The company's wearable device comes in pairs and can be paired to smartphones through a Bluetooth low energy application and the connection begins with one tap that triggers the partnered device to vibrate and light up, enabling couples to stay physically connected no matter how far they are.
Last updated
Magnet Revenue
In 2021, Magnet's revenue reached $57.9K. Since its launch in 2014, Magnet has shown consistent revenue growth.
| Year | Milestone |
|---|---|
| 2021 | Magnet Hit $57.9k revenue in April 2021 |
| 2014 | Launched with $0 revenue |
Magnet Valuation, Funding Rounds
Magnet's most recent disclosed valuation is $173.8K.
Magnet is a bootstrapped Other IoT Software startup. Founded in 2014, Magnet has grown to $57.9K in revenue without raising any venture capital or outside funding.
As a self-funded Other IoT Software SaaS company, Magnet has built its business with no outside investment.
| Year | Round | Amount | Valuation | % Sold |
|---|
Magnet Employees & Team Size
Magnet employs approximately 2 people as of 2026.
Magnet has 2 total employees in different roles and functions and 9 sales reps that carry a quota.
| Year | Milestone |
|---|---|
| 2021 | Reached 2 employees (April 2021) |
Founder / CEO
Tanmay Desai
Tanmay Desai is listed as Founder / CEO at Magnet.
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
We do not have customer count information for Magnet yet.
Frequently Asked Questions about Magnet
What is Magnet's revenue?
Magnet generates $57.9K in revenue.
Who founded Magnet?
Magnet was founded by Tanmay Desai.
Who is the CEO of Magnet?
The CEO of Magnet is Tanmay Desai.
How much funding does Magnet have?
Magnet raised $0.
How many employees does Magnet have?
Magnet has 2 employees.
Where is Magnet headquarters?
Magnet is headquartered in Ahmedabad, Gujarat, India.
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Source Attribution
Source: all data was collected from GetLatka company research and founder interviews. Revenue, funding, team, and customer figures are presented as company-reported or GetLatka-estimated metrics where the profile data identifies them that way.
Company data last updated .