Magnefy
- Company typePrivate
- Founded2024
- HeadquartersSan Mateo, United States
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
Magnefy firmographics
Firmographics- Name
- Magnefy
- Legal name
- Magnefy
- Website
- https://magnefy.com
- Company type
- Private
- Founded year
- 2024
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Ownership category
- akta.pro rank
Magnefy industry classification
Industry- Product category
- Industrial IoT Predictive Maintenance
- NAICS
- Other Measuring and Controlling Device Manufacturing (334519), Relay and Industrial Control Manufacturing (335314)
- SIC
- Instruments For Meas & Testing Of Electricity & Elec Signals (3825), Industrial Instruments For Measurement, Display, And Control (3823)
- akta.pro primary industry
- Utility Asset Performance Management & Predictive Maintenance (Grid/Plant IoT) (EUADAPAI)
- akta.pro secondary industries
- Condition Monitoring Sensors & IoT (online/offline monitoring, edge devices) (EUADAJAD), Metering & Grid Measurement (Smart Meters, CT/VT, PQ Meters) (IMAGAAAH)
Keywords
Where Magnefy is headquartered
LocationHeadquarters
- HQ city
- San Mateo
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Magnefy business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Supply Chain, Operations, Marketing or Sales, Infrastructure
Revenue model
- Hardware + Software Subscription: Combined hardware (proprietary sensors) and software-as-a-service model. Sensors are installed non-invasively on electrical equipment while continuous monitoring, analytics, and predictive insights are delivered through a cloud/edge AI platform on a recurring subscription basis.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Hybrid | Multi-year contract | Enterprise monitoring solution with hardware and software components |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels5 records
Magnefy product offering
Product offeringCore offering
Magnefy sells an AIoT predictive monitoring platform for critical electrical power infrastructure. Proprietary non-invasive sensors are mounted externally on transformers, switchgear, inverters, and power cables, feeding high-fidelity multimodal data to Edge AI and an AI Digital Twin that predicts electrical faults months in advance. The solution delivers Transformer Health Assessment scores, Degradation Rate tracking, MTTF estimates, and AI Recommended Actions to utilities, C&I facilities, and independent power producers on a hardware-plus-software subscription basis.
Product overview
Magnefy offers a single unified AI-powered monitoring platform for critical power infrastructure. The system consists of Edge AIoT devices with high-speed hybrid magnetic sensing, which feed data into an AI Digital Twin for predictive analytics. The platform provides AI Recommended Actions to prevent failures, reduce downtime, and extend asset life. Core technology is described as an "ECG for critical infrastructure" — non-invasive high-speed electromagnetic sensing combined with Edge AI for real-time predictive maintenance of transformers, switchgear, inverters, and power cables.
Differentiator
Problem solved
Functional benefit
Products and services
- Magnefy AI-Powered Monitoring Platform Unified AI-powered predictive monitoring platform for critical power infrastructure. Proprietary non-invasive sensors feed multimodal data to Edge AI and an AI Digital Twin that produces Transformer Health Assessment scores, Degradation Rate, MTTF, Voltage Load, fault type classification (e.g., surface partial discharge), and AI Recommended Actions, targeting utilities, C&I facilities, and independent power producers.
Quantifiable outcome
- 100% uptime protection for monitored equipment
- +7 more outcomes
Companies that use Magnefy
Customer profileNamed customers1 record
Segments3 records
Ideal customer profiles3 records
Magnefy technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability4 records
Feature4 records
Magnefy partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core and minor.
- Burlington Electric DepartmentcoreUtility partner for pilot project to test Magnefy's AI-driven non-invasive magnetic sensing system designed to help utilities monitor aging transformers, detect failures in advance, and improve grid reliability.
- Vermont Sustainable Jobs Fund (DeltaClimeVT Energy Program)coreManager of the DeltaClimeVT Energy Business Accelerator. Connected Magnefy with utilities, mentors, and investors through the ecosVC curriculum during the four-month program.
- Greentown Labs and M-LabminorSelected for the Greentown Go x M-Lab 2025 program cohort supporting startups working on grid management and critical-mineral recovery technologies. Program aims to catalyze pilot projects, collaborations, and investments through workshops and a public showcase.
Scale indicators4 records
Recent moves6 records
Expansion highlights5 records
Magnefy competitors and assessment
Company assessmentDirect peers
- Doble Engineering: Long-standing provider of diagnostic instruments and monitoring solutions for transformers and other power infrastructure assets. Closely comparable to Magnefy in customer base (utilities) and application (transformer condition assessment), though Doble's solutions are predominantly offline/portable rather than continuous Edge AI monitoring.
- Qualitrol (ABB): Acquired by ABB, Qualitrol manufactures online monitoring, sensors, and instruments for transformers, bushings, and switchgear. Direct competitor to Magnefy in the online transformer-monitoring segment, with deep utility relationships and a broad installed base.
- Camlin Power (Camlin Group): Provides transformer monitoring and asset management solutions for utilities and industrial customers, including dissolved gas analysis and bushing monitoring. Comparable to Magnefy in target customer and predictive maintenance use case, with more emphasis on legacy DGA approaches.
- Viper Innovations: Specializes in monitoring and fault location for underground power cables and substation assets. Comparable to Magnefy in applying advanced sensing to electrical infrastructure for early fault detection, though focused on cable networks rather than transformers.
Emerging players
- Augury: AI-driven machine health and asset reliability platform for industrial equipment using vibration, temperature, and other sensors with predictive analytics. Comparable in its AI-first, sensor-plus-software approach and recurring revenue model, though focused on rotating equipment rather than power infrastructure.
- Senseye (Siemens): AI-based predictive maintenance software for industrial assets, now part of Siemens. Comparable to Magnefy in its predictive analytics approach but delivered as software-only, without proprietary electromagnetic sensors for power assets.
- SparkCognition: Applies AI to industrial and energy assets, including predictive maintenance for power and grid infrastructure. Comparable to Magnefy in using AI for asset reliability in the energy sector, though at a software layer rather than proprietary sensing hardware.
Broad incumbents
- Schneider Electric (EcoStruxure): Global incumbent in energy management and automation with EcoStruxure platforms covering grid, substation, and asset monitoring. Comparable to Magnefy as a broad supplier of monitoring and control to utilities and C&I sites, with much greater scale and an existing installed base.
- GE Vernova (GridOS / Grid Solutions): Incumbent provider of grid equipment, monitoring, and software (including GridOS) for transmission and distribution operators. Comparable as a broad incumbent in transformer and substation monitoring, with deep utility certifications and global reach that Magnefy must compete against.
- ABB Electrification: Global incumbent across T&D equipment, including transformer monitoring (via Qualitrol) and grid digital solutions. Comparable as the broad incumbent Magnefy is most directly disrupting, with the scale and procurement access to dominate utility specification lists.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Magnefy social profiles
Digital presenceMagnefy financial estimates
Financial estimateRevenue estimate
Valuation estimate
Magnefy leadership team
Management profileNumber of profiles
Profiles6 records
Magnefy funding detail
Funding detailFunding overview
Funding rounds3 records
Investors13 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Magnefy M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Magnefy
What does Magnefy do?
Magnefy sells an AIoT predictive monitoring platform for critical electrical power infrastructure. Proprietary non-invasive sensors are mounted externally on transformers, switchgear, inverters, and power cables, feeding high-fidelity multimodal data to Edge AI and an AI Digital Twin that predicts electrical faults months in advance. The solution delivers Transformer Health Assessment scores, Degradation Rate tracking, MTTF estimates, and AI Recommended Actions to utilities, C&I facilities, and independent power producers on a hardware-plus-software subscription basis.
Is Magnefy a public or private company?
Magnefy is a private company. It is classified as venture growth investor backed and is currently operating.
When was Magnefy founded?
Magnefy was founded in 2024. It employs 1 to 10 people.
Where is Magnefy based?
Magnefy is headquartered in San Mateo, United States, in the North America region.
How does Magnefy make money?
One revenue line is on record: hardware + Software Subscription.
Who are Magnefy's main competitors?
Direct peers on record are Doble Engineering, Qualitrol (ABB), Camlin Power (Camlin Group) and Viper Innovations. Emerging players are Augury, Senseye (Siemens) and SparkCognition. Broad incumbents are Schneider Electric (EcoStruxure), GE Vernova (GridOS / Grid Solutions) and ABB Electrification.
Does Magnefy have an API?
No public API is recorded for Magnefy.
What industry is Magnefy in?
Magnefy's product category is Industrial IoT Predictive Maintenance. Its primary akta.pro industry code is EUADAPAI, Utility Asset Performance Management & Predictive Maintenance (Grid/Plant IoT), with a secondary code of EUADAJAD, Condition Monitoring Sensors & IoT (online/offline monitoring, edge devices). Its NAICS code is 334519 and its SIC code is 3825.