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Magma is a technology company.
Magma has raised $15.0M across 4 funding rounds.
Key people at Magma.
Magma has raised $15.0M in total across 4 funding rounds.
Magma offers an open-source, next-generation packet core, facilitating flexible, scalable, and cost-effective mobile broadband services. It uses modern software-defined networking, supporting diverse radio technologies like LTE, 5G, and WiFi, to deliver advanced network capabilities with reduced ownership costs. Its architecture emphasizes policy-rich network edges and simplified fabrics for adaptable deployments beyond traditional data centers.
The project began within Meta Connectivity, developed and open-sourced to address rural internet access challenges. This stemmed from the insight that software-defined networking could create flexible, cost-effective networks for extending connectivity. This understanding shaped Magma's early design, enabling small-scale community networks and expanding coverage via federation.
Magma targets Mobile Network Operators, Internet Service Providers, Multiple System Operators, and enterprises deploying advanced mobile broadband services. Its vision is to democratize sophisticated packet core technology, empowering more providers to launch high-speed internet and extend network reach, fostering greater global connectivity.
Magma has raised $15.0M in total across 4 funding rounds.
Magma's investors include Ashish Jani, Gaurav Rawat, Mihir Joshi, Rhea Sthalekar, Siddhant Raniwala, Vineet Recriwal, Will Poole, Gaurav VK Singhvi, AVNM Ventures, Surya Mantha, Ankur Dubey, A Capital.
Magma Technology is a startup developing IoT and AI-powered solutions for logistics visibility, transforming shipping containers into smart trackers for real-time goods monitoring and fleet optimization.[3][4] It serves major enterprises like L’Oréal, addressing supply chain inefficiencies by enabling rapid deployment (1 month vs. 18 months for traditional systems), improving delivery tracking, carrier performance, and reducing environmental impact through connected packaging.[3] With 14 major customers already onboard, the company demonstrates strong early adoption in a high-growth IoT logistics market.[3]
Magma Technology emerged as an innovative player in the IoT space, focusing on revolutionizing supply chain tracking through connected objects and artificial intelligence.[3][4] While specific founding details like year or founders' names are not detailed in available sources, the company quickly gained traction with projects such as L’Oréal’s digital delivery tracking initiative, achieving 100% real-time visibility and carbon footprint reductions.[3] Its participation in ecosystems like the IoT Business Hub highlights a collaborative origin, leveraging partnerships with consultancies like BearingPoint for a 360° technological and business approach to client challenges.[3]
Magma Technology rides the explosive growth of IoT in supply chains, where real-time visibility addresses global disruptions from e-commerce surges and sustainability mandates.[3] Timing is ideal amid rising demands for carbon tracking and efficient logistics post-pandemic, with market forces like AI advancements and 5G enabling container intelligence at scale.[3][4] By minimizing deployment barriers, it influences the ecosystem, empowering startups and corporations to adopt IoT faster via communities like IoT Business Hub, fostering broader innovation in logistics tech.[3]
Magma Technology is poised for expansion as IoT logistics matures, potentially scaling beyond 14 customers into global fleets with AI-driven predictive analytics. Trends like edge computing and regulatory pushes for green supply chains will amplify its edge, evolving its influence from niche innovator to standard-setter in smart tracking. This positions it to redefine visibility, much like it already empowers enterprises to turn containers into data powerhouses.
Key people at Magma.
Magma has raised $15.0M across 4 funding rounds. Most recently, it raised $3.0M Series A Extension in December 2025.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Dec 18, 2025 | $3.0M Series A Extension | Ashish Jani, Gaurav Rawat, Mihir Joshi, Rhea Sthalekar, Siddhant Raniwala, Vineet Recriwal, Will Poole, Gaurav VK Singhvi, AVNM Ventures, Surya Mantha, Ankur Dubey | |
| Oct 1, 2024 | $4.0M Seed | A Capital, Bankless Ventures | |
| Dec 1, 2023 | $5.0M Seed | GFR Fund | BITKRAFT Ventures, Ride Ventures, Speedy Packets Inc., Watertower Ventures, Alex Rigopulos, Jon Goldman, Paul Heydon, 4Founders Capital, Acequia Capital, Anorak Ventures, Bandai Namco Entertainment, Gaingels, Supernode Global |
| Feb 1, 2023 | $3.0M Seed | ACME Capital, AngelList, Canaan Partners, Catapult Capital, General Catalyst, Human Augmentation Syndicate, Matrix, Quiet Capital, Jonathan Swanson, Sam Shank, Shervin Pishevar, Yan-David Erlich |
