
Magneto IT Solutions
Valuation
$33M
2024 Revenue
$11M
Funding
$0
Team
75
Founded
2009
How Magneto IT Solutions CEO Ronak Meghani grew to $11M revenue with a 75 person team in 2024.
Magneto IT Solutions, a leading IT company in USA, Bahrain & India offers Mobile App development, eCommerce Solutions, Web design & digital marketing services.
Last updated
Magneto IT Solutions Revenue
In 2024, Magneto IT Solutions's revenue reached $11M. Since its launch in 2009, Magneto IT Solutions has shown consistent revenue growth.
| Year | Milestone | Quote |
|---|---|---|
| 2024 | Magneto IT Solutions Hit $11m revenue in June 2024 | |
| 2009 | Launched with $0 revenue |
Magneto IT Solutions Valuation, Funding Rounds
Magneto IT Solutions's most recent disclosed valuation is $33M.
| Year | Round | Amount | Valuation | % Sold | Quote |
|---|
Founder / CEO
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 Magneto IT Solutions yet.
Magneto IT Solutions Employees & Team Size
Magneto IT Solutions employs approximately 75 people as of 2026.
| Year | Milestone |
|---|---|
| 2024 | Reached 75 employees (October 2024) |
| 2020 | Reached 75 employees (October 2020) |
Frequently Asked Questions about Magneto IT Solutions
What is Magneto IT Solutions's revenue?
Magneto IT Solutions generates an estimated $11M in annual revenue.
Who founded Magneto IT Solutions?
Magneto IT Solutions was founded by Ronak Meghani.
Who is the CEO of Magneto IT Solutions?
The CEO of Magneto IT Solutions is Ronak Meghani.
How much funding does Magneto IT Solutions have?
Magneto IT Solutions raised $0.
How many employees does Magneto IT Solutions have?
Magneto IT Solutions has 75 employees.
Where is Magneto IT Solutions headquarters?
Magneto IT Solutions is headquartered in New York, New York, United States.
Compare Magneto IT Solutions to the industry
Magneto IT Solutions operates across multiple industries. Browse revenue, funding, and growth data for Magneto IT Solutions in each sector below.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
Claim this profilePeople Also Viewed

Paligo
Paligo, headquartered in Sweden and founded in 2020, is a Component Content Management System (CCMS) that enables enterprise technical writers to create, reuse, and publish structured documentation across 30-plus integration points, including Zendesk and Intercom. The company is led by CEO Rahul Yadav, who joined in December 2025 after serving as CTO at Milestone Systems (Canon Group) and Chief Technology and Digital Officer at TV2 Denmark. The original co-founders, Anas and Frank, remain involved as a board member and an engineering architect, respectively. Ownership is split roughly equally among the founder group, Stockholm-based B2B SaaS private equity firm Alvin and Rickson, and Grow Capital from Copenhagen, which led a $29M Series A in April 2023. Paligo grew from $2.2M in revenue in 2020 to $11.3M in 2024, then added another 11% to reach $12.5M in 2025. The company serves approximately 500 enterprise customers across 38 countries, with deal sizes ranging from $25K to $150K per year. As of the latest data, Paligo has 90 employees and a valuation of $37.5M. Yadav is targeting 18 to 20% ARR growth in 2026, with significantly higher ambitions for 2027 and beyond. The single most important strategic inflection point is Paligo's pivot from a structured authoring tool to what Yadav calls an AI-native structured truth platform. The company has accumulated more than 3 billion governed, semantically rich words and approximately 1.5 million reusable content components in DocBook XML, which Yadav argues is the largest such dataset in regulated industries like medtech and manufacturing. Rather than bolting AI features onto its existing product, Paligo is building end-to-end ingestion-to-consumption infrastructure designed to ground enterprise AI agents in verified structured content, a category Yadav says no competitor has yet defined.

Bevywise Networks
An end to end product & solution provider for your IoT & IIoT requriement. MQTT Broker, IoT Simulator and IoT Platform are the key products.

Smartfrog & Canary
Smartfrog is a camera that lets users see what's happening in any place, at any time.

Ecosystems.io
Unlocking Potential, Powering Progress: Vivienne AI - Where Innovation Meets Intelligence!

Astra Security
Astra Security is a privately held U.S. & India based cyber security company. Backed by Techstars, Astra offers a Pentest Platform that helps organizations become proactively secure. The Pentest Platform uncovers more than 30,000+ vulnerabilities for its customers every month, saving its customers millions of dollars in potential loss and thousands of developer hours. The company has earned several accolades including ‘The Most Innovative Security Company’ by Prime Minister Narendra Modi at the Global Conference on Cyber Security (2017), one of the top 50 emerging cybersecurity companies at ‘Emerge 50’ by NASSCOM, the French Tech Ticket under which Astra Security got rewarded by the President of France under the La French Tech program. In 2021, Astra Security was also named as a CyberTech100 company. Astra is a trusted security partner to some of the well-known brands like Muthoot Finance, NIIT, Goldcast, ITC & more. Our flagship product, ASTRA, brings together an extensive feature set of manual/automated penetration testing tools, while performing a comprehensive vulnerability assessment and proactively responds to threats.

In-House Health
In-House Health is an AI-powered technical platform for modern nursing teams that transforms the physical and digital workplace through data-led wellbeing decisions. It provides a predictive nurse team management platform designed to offer staffing and scheduling recommendations, enabling nurse managers with predictive AI automations.

