Magnetrevenue & acquisition
Other IoT SoftwareAhmedabad, Gujarat, IndiaFounded 2014
Magnet was acquired by ExoMachina.
Magnet is an Other IoT Software company based in Ahmedabad, founded in 2014.
Magnet revenue
Magnet's annual revenue was $57.9K in April 2021, its last figure before ExoMachina bought it (source not recorded).
| As of | Revenue | Source |
|---|---|---|
| Apr 2021 | $57.9K | – |
– source not recorded
Who owns Magnet
ExoMachina owns Magnet. The date and price of the deal are not on record.
Magnet CEO, founders & employees
Tanmay Desai founded Magnet in 2014 and led it as CEO. 2 persons list Magnet as their employer on LinkedIn (April 2021).
- Tanmay DesaiFounder & CEO
Magnet FAQ
What was Magnet's revenue?
Before ExoMachina bought it, Magnet's annual revenue was $57.9K in April 2021 (source not recorded).
Who owns Magnet?
ExoMachina owns Magnet.
Who founded Magnet?
Tanmay Desai founded Magnet in 2014.
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How this page is sourced
Founder figures link to the second they were said; public figures name their source; estimates are marked EST. and say whose they are. Not financial advice.
Updated Aug 10, 2026Data disclaimerReport a correctionClaim this profileRun Magnet? Join the podcast